We own a Single Family home as an investment property. The mortgage on this property is currently held by Citimortgage. We purchased the home two years ago for $200, 000 and took a loan for $180, 000. On July 7th of 2009, we sent a principal curtailment of $70, 000 and also a check for $500 to have the loan re-amortized. Along with the check, we sent a letter asking for the PMI to be removed, since our loan to value would have automatically reduced dramatically. We received a letter from CitiMortgage stating that an appraisal is required... read full review »