PMI Exit Plan checklist
Questions to ask a lender
Your next move
Ask your servicer exactly what it needs before you send a request. Clear answers avoid a denied request and a wasted appraisal.
Last reviewed against the primary sources listed below.
Dates
- On what date will my PMI end automatically?
- When can I request cancellation?
Requirements
- Do you require a new appraisal, and who orders it?
- What payment history do you require?
- Are there any rules for my occupancy type?
After approval
- When will the premium come off my payment?
- Will any unearned premium be refunded?
How to use the answers
Use the cancellation estimator with the servicer's answers to plan your timeline.