Private
Mortgage Insurance (PMI) can be removed from your monthly house
payment.
- The
majority of all mortgage loans have mortgage insurance (PMI)
added.
- A 1998
federal law requires lenders to allow you to drop your PMI
once you have 20% equity in your home.
- With
rising property values your equity can increase to 20% and
more. This can allow you to reduce your house payment
by having your mortgage company remove the PMI insurance
from your loan.
Texas
Valuations Real Estate Appraisal Services provides a full
appraisal to remove your PMI. The cost is $300.00 which
you will likely recoup in just a few months due to the
additional savings you'll reap on your house payment.
In order to start
the process for
removing your private mortgage insurance:
- Contact
your lender to verify that you are paying mortgage insurance
and confirm that you qualify for PMI removal. Find out
what their specific requirements are for what you need and
where to send the information. Most lenders will
require an appraisal by a state certified appraiser.
- Contact
Texas Valuations for an appraisal or use our online
form to start the process
- Send the
report to your lender
EASY! |
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İTexas Valuations, LLC