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What is the process to remove private mortgage insurance when the house value has increased more than 20 percent of its original purchase price?
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send a written request to the lending institution. In some cases you may have to pay the cost of an appraisal. Ready your closing documents carefully. If you have gained equity through appreciation and this is the basis for removing the MI, then you may need 22 or 26% equity. This is spelled out in your closing documents or you can get the information from your lender.

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First answer by Redbeard. Last edit by Britefutr. Contributor trust: 0 [recommend contributor]. Question popularity: 42 [recommend question]

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What is pmi insurance?  What is assessed value?  How do you caculate PMI?  Summarize the original process?  How much money down so you dont need pmi?  How can you have Private Mortgage Insurance removed?  Can the assessed tax value of your home cause your pmi to be dropped?  What is the process to remove PMI when the house value has increased more than 20 percent of its original purchase price?