Ready to Cancel PMI and Save Money?
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We provide certified PMI removal appraisals across all of New Jersey — helping homeowners like you keep more money in your pocket.
PMI Removal Appraisals New Jersey
Certified Appraisals to Cancel Private Mortgage Insurance (PMI)
When Good Value Matters, Don’t Guess it — Appraise It.
Save Money by Removing PMI the Right Way
If you purchased your home with less than 20% down, your lender probably required you to pay Private Mortgage Insurance (PMI) — a monthly fee that protects the lender, not you. The good news? You don’t have to keep paying it forever.
A certified home appraisal can help prove that your property has gained enough equity to qualify for PMI removal. At New Jersey Real Estate Appraisal Group (NJREAG), we provide fast, lender-accepted appraisals across New Jersey to help homeowners eliminate PMI and lower their monthly mortgage payments.
When to Get a PMI Removal Appraisal
You may be eligible to cancel PMI if:
- You’ve paid down your mortgage and now owe less than 80% of the home’s value
- Your home has increased in value due to market appreciation
- You’ve made significant improvements that raised the property’s worth
- You want to stop wasting money on PMI each month
Your lender may require an appraisal to verify your home’s current market value — and we provide the certified documentation they trust.
How an Appraisal Helps You Cancel PMI
- Confirms your home’s market value today
- Helps prove you have 20% equity (or more)
- Satisfies lender requirements for PMI cancellation
- Pays for itself over time by eliminating unnecessary monthly fees
- Provides peace of mind that your equity is working for you
What You’ll Get From NJREAG
Our PMI Removal Appraisal Process
01
Contact Us
Let us know your mortgage balance and property address. We’ll confirm eligibility and set an appointment.
02
Inspection
We conduct a full appraisal of your property, including square footage, upgrades, and condition.
03
Valuation Report
You receive a certified PDF report showing your home’s current market value.
04
Submit to Lender
You send the report to your mortgage servicer — and once approved, PMI is canceled.
Why NJ Homeowners Trust NJREAG
- Over 25 years of appraisal experience in New Jersey
- Trusted by homeowners, lenders, and real estate professionals
- Local knowledge of market trends and neighborhood values
- Fast, accurate reports that help you save money
- Serving all NJ counties, from Bergen to Ocean
Frequently Asked Questions – PMI Removal Appraisals (NJ)
What is PMI and why am I paying it?
PMI is insurance required by lenders when your down payment is under 20%. It protects the lender, not the homeowner.
How do I know if I have enough equity to cancel PMI?
If you owe less than 80% of your home’s current value, you may qualify. A certified appraisal helps prove this to your lender.
Will my lender accept your appraisal?
Many do. Some lenders use their own panels — but many will accept an independent, certified appraisal if it meets USPAP standards (ours does).
How much can I save by removing PMI?
PMI costs $100–$300+ per month on average. Canceling it could save you $1,200 to $4,000+ per year.
How much does a PMI removal appraisal cost?
Fees usually range from $495 to $695, depending on location and property size.
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