How do I get rid of PMI once I have it?

Removing PMI generally happens one of two ways: requesting cancellation once your loan balance drops to the equity level the loan program requires, which usually needs a new appraisal to confirm current value, or automatic termination that kicks in later in the amortization schedule under the federal Homeowners Protection Act. Paying down principal faster or a home's rising value can both speed up reaching that threshold. Contact your loan servicer directly to start either process rather than assuming it happens automatically.