Advance Appraisal & Consultant, Inc.

Advance Appraisal & Consultant, Inc.
813 Downtowner Boulevard, Suite F ~ Mobile, Alabama 36609 ~ 251-344-3020

 

Reduce Your House Payment By Removing PMI

We may be able to help you reduce your house payment since you could remove PMI (private mortgage insurance) if you have 20% equity in your home!  Private Mortgage Insurance is added to the monthly payment of conventional mortgages if you had less than 20% equity in the home when you took out the mortgage.  Once you achieve at least 20% equity in your home you are entitled to have the PMI portion of your monthly payment removed, unfortunately the mortgage lender will not remove it for you unless you ask them to and provide evidence of your equity ratio.

Our professional appraisers can help you determine if you qualify to have your PMI payment removed and provide you with the appraisal report you will need to provide as evidence to your lender.  Contact us today via email or at 251-344-3020 to learn how we can help you reduce your monthly mortgage payment!

 

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