Frequently asked questions · Mortgage Insurance
How do I get rid of PMI?
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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.