Don't Pay for PMI Longer Than You Need To: Get a PMI Appraisal
As a homeowner, you may consider getting a home appraisal to remove the PMI (Private Mortgage Insurance) if you have a conventional mortgage and have made a down payment of less than 20% of the home's value. PMI is required by lenders to protect them in case you default on your mortgage payments.
An appraisal of your home may help you to eliminate PMI payments more quickly. In the event that the value of your home has increased since you purchased it, a real estate appraisal will confirm that your home is now worth more than the remaining mortgage balance. As a result, you may have enough equity in your home to satisfy the 20% threshold and no longer need to pay PMI.
A home appraisal to remove PMI can also provide you with a better understanding of your home's current market value. You may find this information useful if you are considering refinancing your mortgage, taking out a home equity loan, or selling your home. Having an understanding of the value of your home can also be useful for estate planning purposes.
In general, home appraisals can be beneficial to homeowners who wish to reduce their mortgage payments or want to know how much their home is worth.
Here's how to get a real estate appraisal in three easy steps
As soon as we understand your unique needs, we will provide you with a quote.
When you decide to move forward, we will schedule the house appraisal.
Get Your Report
The final appraisal report will be sent to you by email within 5-7 business days.
The quality of our product is our top priority. We cross our “ts” and dot our “i”s when it comes to estimating the value of your property. Our first priority is attention to detail and accuracy.
Our appraisal office is committed to providing quick and efficient service to our clients. We are proud to offer a turnaround time of 5-7 business days following the appraisal inspection while maintaining a high level of quality and accuracy. Our clients can trust that we prioritize their needs and work diligently to deliver timely and reliable appraisals.
With over 26 years of experience in the industry, our appraisal company has developed an in-depth understanding of the local market. This knowledge allows us to provide accurate and reliable appraisals that reflect the true value of your property. We are dedicated to staying up-to-date with market trends and factors that may impact property values, ensuring that our clients receive the most comprehensive and insightful appraisal services possible.