PMI for the entirety of my loan

[Lowry Coe]

Hello,

I bought my first home about four years ago in my early twenties. At the time I was even greener than I am now and I’m still pretty darn green.

I didn't put 20% down and was forced to put PMI on my loan. I understood this and was okay with it at the time. I thought that I would be able to refinance once I got to a certain amount of equity and remove the PMI.

Fast forward to the present. Wells Fargo tells me that my PMI is for the entirety of the loan and there is no way to remove it. Which sucks because I'm still making $50/month on the home and without the PMI I'll be making a few hundred.

What are my options to remove this PMI? Can I get a loan through a different bank and pay off my current loan?

Any ideas are welcome and thank you for the advice.