2410 Camino Ramon, Ste 324
San Ramon, CA 94583
(925) 244-1099 | (800) 323-7975
Fax: (925) 244-1148

2410 Camino Ramon, Ste 324
San Ramon, CA 94583
(925) 244-1099 | (800) 323-7975
Fax: (925) 244-1148

Saturday, September 23, 2017
|

PMI Cancellation

Mortgage insurance can usually be canceled by the home buyer after he or she has at least 20 percent equity in the home. Borrowers should contact their servicer to find out the procedure for canceling mortgage insurance when they think they have achieved 20 percent equity. Guidelines for canceling private mortgage insurance are set by investors. Typically, investors will require an appraisal on the property. The servicer can recommend qualified local appraisers.