You put less than 20% down. Now there’s a PMI line on your mortgage statement every month — protecting the lender, not you. In this episode of The Property Professor, you’ll learn the two PMI termination triggers built into federal law (the Homeowners Protection Act of 1998), the difference between automatic termination at 78% LTV and borrower-initiated cancellation at 80% LTV, and the move most homeowners miss — using current appreciated value instead of original value to get rid of PMI years early.
If your home appreciated meaningfully in Phoenix, Scottsdale, or the Inland Empire, a $500 appraisal can unlock thousands in PMI savings. Head to thepropertyprofessor.blog to book a call and see if your loan is already eligible.
Runtime: 5:35 · Sources: Consumer Financial Protection Bureau (Homeowners Protection Act procedures), NCUA, Bankrate. Educational content from a licensed mortgage loan originator; not financial advice for your specific situation. Speak with your lender about your numbers.
Want a quick starting point before we talk? Run your own numbers in my What Can I Afford calculator to see the price range your income, debts, and down payment support.
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