Sample PMI Cancellation Letter When your loan has reached 75%-80-% loan to value because of appreciation or paydown, with no late pays, then there is a chance you may be able to remove your PMI. The place to start is with a
call or letter to your loan servicer (not the PMI company) and ask for their PMI removal policy.
Loan
Servicer
Loan Servicer Address
Anywhere,
State ZIP
Loan
#:
Your Social security #:
Your Name:
Your Address in question
Dear Sirs:
Property address:
I
understand that I am no longer obligated to carry my private mortgage insurance after my loan-to-value ratio has
reached a threshold of less than 80%.
Please inform as to the steps necessary to
drop my PMI.
Thank you,
Your Name | At
this point you will probably have to provide an appraisal, or
Brokers Price Opinion. Make sure that you get the guidelines on what
is acceptable before you go out and pay for this. Your loan servicer
will no doubt give you a list of acceptable appraisers. | | | No-PMI
How to Cancel?
Alternatives to PMI?
PMI
Calculator
Are you eligible for PMI cancellation?
Sell your home like a broker and save like a FSBO
at real
estate for sale by owner.
Sample PMI
Cancellation Letter |