Duane Duggan, with the Boulder Property Network at RE/MAX of Boulder, sits down with Jessica Shanahan of Premier Lending to discuss the hot topic: How to remove PMI. What does PMI stand for? What is the main thing PMI accomplishes for the borrower? What are the steps that need to be taken in order for a borrower to remove their PMI? Can a PMI be removed from a property that has only been owned for a year? Does removing a PMI work with an FHA loan? Is the process the same for someone who has a conventional loan?