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Most homeowners don’t realize this… If you bought your home with less than 20% down, you’re probably paying PMI (private mortgage insurance) every month. What your bank won’t remind you is that you may be able to remove PMI much sooner than you think.

By law, PMI automatically drops off when your loan balance reaches 78% of the original property value. But that can take 10+ years if you only put 3–5% down.

Here’s the real money-saving tip:
You can request PMI removal once you reach 20% equity — and you don’t have to wait 10 years to get there. Appreciation, renovations, and normal payments can all help you hit that number. Many lenders will simply verify the value (sometimes with an appraisal), and once you qualify… PMI gone. 💸

Important note: some PMI providers require at least 2 years before removal, so always ask your loan officer what applies to your loan. Refinancing is another option — but if your current rate is lower than today’s market rate, refinancing just to remove PMI may not make sense.

I’m a loan officer sharing real-world mortgage advice to help you save money — without the sales tactics.
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