PMI Removal Equals A Lower Mortgage Payment

PMI, or private mortgage insurance, is an expense you got stuck with if you couldn't afford a truly hefty down payment when you first purchased your home. But guess what? You may be able to get rid of it, and it's as simple as ordering an appraisal.

Your lender is probably calculating your loan-to-value ratio based on your home's initial purchase price or the original appraised value, whichever is lower. If your home's value has increased, you may have the equity necessary for PMI removal. It could be because of the payments you've made, renovations or improvements  to your home, or simple market appreciation. 

Our real estate appraisal experts can:

• Assess your property's real market value using recent, local sales data
• Take into consideration your home's unique specifications, such as square footage, the number of bedrooms, and more
• Create an appraisal report that you can provide to your lender when you're asking to remove PMI

You ask your bank what their particular process is, and we'll take care of the rest.