Reach 20% equity in the home
Request PMI cancellation from your lender
Make extra principal payments
Refinance into a new mortgage without PMI
Use home appreciation to reach required equity
Wait for automatic PMI termination at 22% equity on conventional loans
Ask for a new appraisal if your lender allows it
Avoid FHA mortgage insurance by refinancing into a conventional loan
Improve credit and income to qualify for better refinance terms
Check your loan type and lender rules for PMI removal eligibility