Conventional PMI can often be removed at 80% LTV by request and must be canceled by 78% based on the original value. Learn the rules with 2MG.
Conventional PMI can often be removed at 80% LTV by request and must be canceled by 78% based on the original value. Learn the rules with 2MG.
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On most conventional loans, you can request PMI cancellation once you reach 80% loan-to-value based on the original value — and servicers must automatically cancel PMI by 78% LTV when you are current.
Two numbers drive most conventional PMI cancellation conversations.
Do not wait for the servicer if you have already crossed 80% — ask.
If PMI is eating cash flow, accelerate equity intentionally.
A five-minute balance check can tell you whether PMI should already be gone.
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Related guides to help you compare options and move toward pre-approval.
Run the numbers before you apply — then get a real pre-approval from Ryan or Steve.
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Steve DeLon and Ryan Minick - Branch Managers and Senior Loan Officers at .
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Ryan Minick NMLS# 203249
Steve DeLon NMLS# 202876
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