How Do I End Private Mortgage Insurance (PMI) Payments on a Mortgage?


Legislation went into effect July 1, 1999, requiring automatic termination of PMI when a homeowner has paid at least 20 percent of the home’s value for loans made after July 29, 1999. High-risk borrowers (such as those with poor credit histories and reduced documentation loans) may have to make PMI payments until they reach 50 percent equity. If you believe that you have reached the 20% home equity mark and your PMI payments have not been discontinued, speak to your mortgage lender. For more information about PMI elimination, see

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