Navigate Your PMI Removal Case With Confidence
Private mortgage insurance, or PMI, is an insurance policy that lenders may encourage homeowners to purchase to protect their investment and interest rates. When certain factors of a mortgage have been satisfied, such as equity maturation, private mortgage insurance can be removed at the request of the borrower. By removing PMI, the homeowner’s monthly mortgage amount can decrease dramatically by up to ten percent or more.
An important step in the PMI insurance removal process is to have a property appraisal completed by a qualified appraiser. That’s when Residential Appraisal Services, Inc, comes in. With over 20 years of experience, Andy can provide you with a detailed appraisal report that will give you all the information you need to succeed in your PMI removal.