Check your mortgage statement for the lender’s PMI cancellation rules
Confirm you have reached the required loan-to-value threshold, usually 80% based on original value
Make sure you are current on all mortgage payments
Verify you have a good payment history, typically no late payments in the past 12 months
Request a PMI cancellation in writing from your lender or servicer
Ask whether an appraisal is required to confirm your home’s current value
Provide any documents the lender requests, such as payment history or appraisal results
Continue making payments until the lender approves the cancellation
Review your closing documents if your loan is FHA, VA, or another program with different rules
Consider refinancing if you do not qualify for PMI cancellation under your current loan terms