PMI Cancellation
Did you purchase your home with less than 20% down?
Chances are you have PRIVATE MORTGAGE INSURANCE (PMI) included in your mortgage payment.
PMI is the monthly insurance premium paid by the borrower in the event they default on the loan. PMI, is typically required for loan balances less than 80% of the market value of the subject property. If there is insufficient down payment or equity, PMI is typically required.
PMI can be eliminated when it is demonstrated that the equity is greater than 20% of the market value. This can be accomplished by completing a Full Appraisal or 2055 Exterior appraisal.
Has your home increased in value since purchase due to appreciation in an active market or from improvements made?
If your equity now exceeds 20% you can REDUCE your mortgage payment by as much as $75 - $200 per month!
LOWER YOUR MORTGAGE PAYMENT
Cost to you is a current appraisal of your home.
Request an appraisal today!