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
|