Can I Cancel PMI If My Home Value Increases? How to Get Rid of It
HomeLight's vision is a world where every real estate transaction is simple, certain, and satisfying. We build software and provide services to home buyers, sellers, and real estate agents.
Caroline Feeney is the Senior Managing Editor at HomeLight where she oversees the Seller Resource Center, a blog featuring hundreds of in-depth articles that tackle every step of the home sale process. Previously she served as an editor for real estate industry publication Inman News and co-authored a book on real estate leadership. The Midwest native holds a master's from the Missouri School of Journalism and was formerly a real estate contributor for Forbes.
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At HomeLight, our vision is a world where every real estate transaction is simple, certain, and satisfying. Therefore, we promote strict editorial integrity in each of our posts.
When you bought a house with less than 20% down, your mortgage lender tacked on the extra cost of private mortgage insurance (PMI) as a standard precaution.
But you're confident that your house is worth more today than when you purchased it, leading you to wonder: Can I cancel PMI if my home value increases?
