Home Appraisal to get rid of PMI

[Ryan Badowski]

Hi there-

2 years ago, I purchased my primary residence and only put 5%, which in result has had me paying PMI. My house is now estimated to be worth much more which puts me over the 20% mark and should rid me of this PMI.

How do I actually get rid of this PMI payment so I do not have to pay it anymore? Do I simply need to have somebody come out and appraise my house and then send that info to my current lender?

Thanks in advance for the help!