Reach 20% equity in the home
Request PMI cancellation from your mortgage servicer
Make extra principal payments to build equity faster
Refinance into a new mortgage with at least 20% equity
Wait for automatic PMI termination at 22% equity on many conventional loans
Use a new appraisal if your lender allows it to confirm increased home value
Verify your loan type, since FHA, VA, and USDA loans have different rules
Keep mortgage payments current to qualify for PMI removal
Review your loan documents for the exact PMI removal requirements