If you put less than 20% cash down when you purchased your home, you were required to purchase Private Mortgage Insurance (PMI) by the lender. This insurance may add from $25 to $100 to your monthly payment.

You may remove this insurance if you can prove that the equity in your home exceeds 20% of its current value. With the significant appreciation we have experience in the last several years, it is more than likely you can qualify for this. This is where we can help.

We can provide a independent appraisal of your home which is what the mortgage holder will require to eliminate you PMI. You then simply send a copy of the appraisal to your lender and begin saving on your monthly payments. This insurance protects the lender in case of default on your loan. It does not provide you with any insurance protection. So there is no advantage to keep paying those monthly premiums.

Please contact Time Saving Appraisal Company today for more information!