PMI REMOVAL

PMI stands for "Private Mortgage Insurance". If you bought your home with less than a 20% down payment; chances are you are paying PMI. Having the PMI removed can potentially save you a great deal of money every month. Two factors are likely in your favor. 1) Values in your area may be higher than when you bought and 2) By paying your mortgage every month, you are reducing the outstanding loan.   

If you believe the current equity in your home is more than 20%, give your lender a call and ask for the PMI to be removed. They may tell you that you need to apply and that you must obtain a current market value appraisal of your home. And there is where we can help you. We have experience in these types of appraisals that will help remove the unneeded and unwanted PMI insurance.

Speak with your lender first; obtain all the necessary documents and requirements from them. Most importantly; ask if you can obtain your own appraisal (most will let you) and then give us a call. We’re here to help !