How do I get rid of PMI once I have it?

Removing PMI usually requires reaching a set amount of equity in the home, either through paying down the loan balance or through appreciation, then requesting cancellation or a new appraisal from the lender. Some loan types automatically drop PMI at a certain point, while others require the borrower to request it directly. Brian Beatty can point clients toward a lender who explains the specific removal process tied to their loan type.