YOU CAN STOP PAYING PMI (PRIVATE MORTGAGE INSURANCE) with the use of our PRIVATE MORTGAGE INSURANCE REMOVAL IN DALLAS, TX!
Over half of all mortgage loans have private mortgage insurance (PMI). ·
- A 1998 federal law requires lenders to allow you to drop your PMI once you have 20 percent equity in your home.
- In order to eliminate your private mortgage insurance monthly payments, your lender will need an appraisal by a state-certified appraiser indicating current market value.
- The increased value of all upgrades & renovations you have made since purchasing your home will be included in the new appraisal.
- Depending on your loan amount, your PMI payment is probably between $50.00 to $100.00 each month! That’s up to $1,200.00 per year, every year, that you could save.
The one time cost for an appraisal needed to by your lender to establish your current equity position (loan to value ratio) is around $400.00 – and that is a one-time fee – your PMI payment is every month!
If you need a private mortgage insurance removal in Dallas, TX, we can help you significantly reduce your monthly mortgage payments. Email us right now! Let’s get started saving money!
Here’s how: Step 1: Contact your lender. Confirm that your mortgage payment includes private mortgage insurance. Find out precisely what your lender needs in order to eliminate your PMI payment and where you must send the information. Most lenders will require a full appraisal as well.
Step 2: Phone or E-mail the Metroplex Appraisal Network to arrange the proper appraisal. We have the credentials, certifications, and experience to satisfy any lender’s appraiser requirements.
Step 3: Send the report to your lender and enjoy your lower mortgage payment! It really is just that easy! We have helped thousands of homeowners over the years.