If you are current on your loan payments, the PMI requirement is automatically removed when you are first scheduled to reach 22% equity (78% LTV) in your home. 

However, if you believe you have obtained 20% equity (80% LTV) in your home, you can send a written request to have your file reviewed. In order for the PMI requirement to be cancelled, you need to have maintained a good payment history and have no secondary debt held on the property (see 1 below). A new property appraisal may also be required at your expense.(see 2 below).   You may send your written request to:

Third Federal Savings

7007 Broadway Ave.

Cleveland, OH 44105

Attn: Loan Services

Please be sure to include the mortgage loan number and a daytime telephone number with your written request. Once your file has been reviewed, Third Federal will contact you.

1.  A good payment history is defined as having no payment 30 days or more past due in the last 12 months and having no payment 60 days or more past due in the last 24 months before the later of the date you request the PMI cancellation or the date you are first scheduled to reach 20% equity (80% LTV) in your home. 

2.  In some cases, other restrictions may also apply.