We Can Help You

Save Money on Your Mortgage Payments

In the long run, PMI can cost you thousands of dollars. The good news is that once you’ve paid off enough of your original loan balance, you can stop paying PMI and free up money to pay off credit cards or student loans—or put towards retirement savings!

Professional Mortgage Insurance Removal Appraisals in Highland, UT

Take the first step toward your mortgage insurance removal. Our expert appraisers in Highland, UT, can help you. With over 35 years in the industry, we have a solid knowledge of the process and the requirements that lenders use to determine whether or not to free you up from PMI. If you’d like to partner with our expert team, don’t hesitate to reach out.

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What Is PMI Insurance Removal and Why Is It Important?

PMI removal or PMI cancellation is the process of removing mortgage insurance once you owe less than 80% of your home’s value. Removing mortgage insurance can help homeowners to save hundreds or even thousands of dollars over the life of their loan.

PMI is typically required if you made a down payment of less than 20% when purchasing your home, and it can add a significant amount to your monthly mortgage payments.

As a lender, you’ll need to receive a request for mortgage insurance from the homeowner, and then determine whether they meet certain criteria such as having a good payment history and meeting loan-to-value ratio requirements.

This is where a professional appraiser comes in. A qualified appraiser can conduct a thorough appraisal of your home and provide a report that demonstrates its current market value. By comparing this value to the outstanding balance on your mortgage, the appraiser can help determine whether you meet the criteria for PMI removal.

Take Control of Your Finances

Not only can removing PMI save you money on your monthly mortgage payments, but it can also increase your home equity and give you greater financial flexibility. So if you’re a homeowner in Highland, UT paying for PMI, consider mortgage insurance removal, hiring a professional appraiser will help you achieve this goal.

Boost Your Financial Status

Get Started on Your PMI Removal Process!

By requesting our home appraisals, you’ll have all the information you need to successfully remove your PMI. Contact us today to learn more about how we can help.