SESKStuff Everyone Should Know
SESK: Stuff Everyone Should Know · sesk.info/home-pmi-80

You can ask to cancel PMI when your balance is scheduled to hit what share of the home's original value?

80 percent, if you ask in writing and meet the conditions.

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  1. 80 percent ✔
  2. 90 percent
  3. 60 percent

Why: Under the law you can request cancellation when your balance is scheduled to fall to 80 percent of the home's original value. Extra payments can get you there sooner. You must ask in writing.

Huh, didn't know that: Your servicer must grant a cancellation request if you meet the conditions.

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References

Answer: 80 percent. Under the law you can request cancellation when your balance is scheduled to fall to 80 percent of the home's original value. Extra payments can get you there sooner. You must ask in writing.

  1. CFPB: When can I remove PMI? www.consumerfinance.gov/ask-cfpb/when-can-i-remove-private-mortgage-insurance-pmi-from-my-loan-en-202
    You make your request in writing
    Checked 2026-10-10.

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Test yourself in the game

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