Private mortgage insurance (PMI) is often attached to conventional loans that are taken out with less than 20% paid down. Fortunately, once you’ve paid the equivalent of 20% of your home’s equity through your home loan, you’re eligible to refinance into a new mortgage without PMI. All you’ve got to do is notify one of our mortgage brokers about your intention to switch to a non-PMI loan, and we’ll do our utmost to help you.