Contact: David I. Ginsburg, President
Name of Company: Loantech LLC
Phone: 301.762.7700, Ext. 104

Gaithersburg, MD – February 28, 2018

        How to Get Rid of PMI, or Private Mortgage Insurance


Rising home values may enable millions of homeowners to drop PMI, or private mortgage insurance, much earlier than they originally anticipated. This is a recent finding of a PMI audit service available to homeowners that identifies the various scenarios when PMI can either be terminated by the lender or cancelled at the request of the homeowner. 

Millions of homeowners pay PMI because they lacked 20% equity when they purchased or refinanced their home with a conventional (non-FHA) mortgage and PMI monthly payments typically range from $50 to $400. Most homeowners know PMI is removed by the lender when the loan-to-value (LTV) ratio, based on the home’s original value, reaches 78%.

However, many homeowners are not aware of the seven other scenarios when PMI can be dropped. One of these scenarios allows for PMI cancellation – if requested by the homeowner -- when the loan-to-value (LTV) ratio, reaches 75% of the home’s current value with no property improvements and payments have been made for two to six years.

 For example, if a home was purchased for $300,000 three ago years with a 10 percent down payment and an interest rate of 3.75%, it will take four more years to reach a loan-to-value (LTV) ratio of 78% based on the original sales price. However, with an annual appreciation rate of 4 percent, the house is now worth about $337,000, which results in a loan-to-value (LTV) ratio of 75%, based on the home’s current value. This makes the PMI eligible for cancellation now under this specific scenario.   

“This means hundreds of thousands, possibly millions of homeowners are needlessly paying PMI,” said David I. Ginsburg, president of Loantech. “The key is the homeowner must be aware of this information and must request the lender to cancel the PMI,” added Ginsburg.    
The PMI Terminator™ eight page personalized report details all eight scenarios for dropping PMI, and is based on hundreds of calculations and algorithms involving the interplay among many factors including mortgage variables, property values, loan ownership, prepayments and property improvements. The report is available from Loantech for $95 and it includes a Lender PMI Cancellation Request Letter.

Loantech ( was established in 1983 and is a provider of mortgage audits, software and calculators. 

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 © Copyright 2018 Loantech LLC. All Rights Reserved.

​​"Homeowners are unsure when PMI should be terminated." 

-- New York Times 

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How to Get Rid of PMI, or Private Mortgage Insurance 

​                 "I got a $4,000 refund and I'm saving $180 every month! Thanks Loantech!" --  Veronica S., Texas.                                                                                 ​

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The PMI Terminator™ Report
The PMI Terminator™ 7-page customized report shows the 8 ways to get rid of PMI (private mortgage insurance), without refinancing. Did you know PMI cancellation does not occur only when the mortgage equals 80% of the home value? The report is based on hundreds of calculations involving the interest rate, how long you’ve owned your home, your home’s current value, whether Fannie Mae owns your mortgage and if you’ve made any prepayments or improvements to the home. If you’re tired of paying up to $400 monthly for PMI, you should order this valuable report.

Veronica S., of Texas, got rid of her $180 PMI payment and received a refund of


Price: Only $95!  Buy Now  ​​