Frequently asked questions · Mortgage Insurance

How do I get rid of PMI?

B

Private mortgage insurance (PMI) will cancel automatically when your loan balance reaches 78% of the home’s original value. You can ask your lender to remove it when you believe the value has reached 80% however, this may require an appraisal to prove the value.

Last updated March 28, 2024 · Informed Mortgage LLC, NMLS #2523172. General information, not a rate quote or a commitment to lend.