i am right at 80% LTV when can i get rid of my mortgage insurance

Great questions.It depends on the type of mortgage you have at now as to when and if the mortgage insurance falls off. In most cases it is set to fall off automatically at 78% but check your NOTE and mortgage that you signed.You will not have to put it back on once it is removed unless you refinance and the new appraised value is over 80%

If you have an FHA loan you will of had to have had it for the last five years and you will need to be at 78% LTV of the original note amount, not the appraised value. If it's a conventional loan you will of had to have had the loan for at least two years and if you feel the value of the property is enough you can request the mortgage insurance be removed by your lender. They will then most likely order an appraisal, paid by you to determine current value. There can be some other things involved too, so your best bet is to contact your current lender and see what the process is and if you qualify. Best wishes, Sean

The vast majority of loans with PMI have an automatic fall off clause when you get to 78% BY PAYMENTS ONLY. If you believe you are at 80% because of appreciation and paying down the loan, conventional loans will require you to get an appraisal to prove it. Contact your lender and ask them their procedure. Most require you to you an appraisal company on their approved list.