Rate Trends

Sample Cancellation Letter

When your loan has reached 75%-80-% loan to value because of appreciation or pay down of your loan balance, with no late pays, then there is a chance you may be able to remove your PMI.

The first step is call or write 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 servicing company will no doubt give you a list of acceptable appraisers.

	Loan Programs

Prequalify

	Calculators

	Resources

	Calculators

	Refinance Q & A

	Improve Credit Score

	Help / FAQ

	Calculating PMI

	Cancelling PMI

	PMI Alternatives

	PMI Cancellation Letter

	Tax Tips

	Home Improvement

	Buying a Home ?

	Selling your Home ?

	Real Estate Services

	Homes for Sale