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PMI Removal

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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.

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Receive an Accurate House Valuation

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We will complete your property valuation within 48 hours of the inspection

To remove PMI, the lender will need to know the home’s value. By law, lenders are required to inform borrowers when they are no longer required to pay private mortgage insurance. Typically, this occurs when the principal loan balance reaches 80% of the original loan amount.

If you request our PMI removal appraisal, we’ll evaluate your property at your convenience. We will complete your property valuation within 48 hours of the inspection. If you would like more information about how to get an appraisal to assist with removing private mortgage insurance in Bethlehem, PA or the surrounding areas, please contact out today.

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