How can I get rid of my PMI?

To get rid of your PMI (Private Mortgage Insurance), you can request a cancellation once you have built up enough equity in your home. This typically requires reaching a loan-to-value ratio of 80 or less. You may need to pay for a new appraisal to confirm the value of your home. Once you meet the requirements, contact your lender to initiate the process of removing PMI from your mortgage payments.