Cancel your PMI — we prepare the formal request letter and mail it to your servicer.

1. 1

   Answer a few questions

   Loan type, home value and current balance. We instantly check the 80% loan-to-value requirement set by the Homeowners Protection Act.

2. 2

   We prepare your letter

   A formal written cancellation request citing the Homeowners Protection Act (12 U.S.C. §4902), ready in your name with your loan details.

3. 3

   We mail it for you

   Sent by post to your servicer's correspondence address. You receive a PDF copy by email for your records.

Private mortgage insurance (PMI) is added to your monthly mortgage payment when you bought your home with less than 20% down. It typically costs $30 to $150+ per month and protects the lender — not you — against default.

Under the federal Homeowners Protection Act of 1998, you have the right to request PMI cancellation in writing once your loan balance reaches 80% of your home's original value. You don't have to wait for automatic termination at 78%.

By law, your servicer may require that you have a good payment history and are current on payments. They may also ask for evidence that the home's value has not declined and that there is no second mortgage or HELOC on the property.

Your mortgage servicer must respond to your written cancellation request. They decide on cancellation based on the requirements set by federal law. In some cases they may request a broker price opinion (BPO) or a full appraisal to confirm your home's current value — sometimes at your expense.

We prepare and mail the request. The decision is made solely by your servicer; we cannot influence or guarantee the outcome. Servicers typically respond in writing within 30 days.