Let ErasePMI
Save You Money

When a borrower makes a down payment of less than 20 percent, the lender requires the borrower to buy private mortgage insurance, or PMI. This protects the lender from losing money if the borrower ends up in foreclosure.

erase property mortgage insurance
Erase Property Mortgage Insurance

Eliminate your PMI &
Reduce Your Mortgage

Your lender must automatically cancel PMI when your outstanding loan balance drops to 78 percent of the home’s original value. This probably will take several years.

You can speed up the cancellation of mortgage insurance by keeping track of your payments. Once the loan balance reaches 80 percent of the home’s original value, you may ask the lender to discontinue the mortgage insurance premiums.

Loan Calculator

See how much you can save by filling out the Loan Calculator
below and eliminating your property mortgage insurance.

Erase property Mortgage Insurance

Happy Clients

“Erase PMI saved me $342 per month that I had no clue about, I am very happy that there is something like this to inform people because I had no clue that I did not even need this additional payment”

Dave Wilcox
Dave WilcoxSan Diego, CAWikiTravel

“When I came across ErasePMI and discovered I could save money, I was all over it – surprised out quick and easy it was, definetly recommending.”

Damon Wynn
Damon WynnSan Francisco, CAMedia Wiki