Why should you pay for PMI? You shouldn’t. It is an unnecessary expense that has no value to you. PMI, or private mortgage insurance, allows individuals to purchase their home with less than 20% down payment. If you have less than 20% equity in your home, you are paying PMI. Having the PMI eliminated from your mortgage loan is a preferred way to save money for homeowners. Once the value of your mortgage loan falls below 80% of the value of your property, you may be able to apply to your lender to have PMI removed from your loan, making your monthly payments go down. At South Fulton County Home Appraiser, we are experienced in helping people just like you eliminate undesirable PMI insurance.
Home improvements and market appreciation can increase your home equity, and combined with market conditions, maintenance and improvements, could have created your 20% equity and result in a lower monthly payment. The only way to know for sure is to have your home appraised.
As certified, licensed real estate appraisers, it is our job to know the market dynamics of your area. We know when property values have risen or declined. We offer specific services to help clients find the value of their homes and remove PMI payments. Faced with this data, the mortgage company will most often eliminate the PMI with little trouble.
As a trusted Georgia home appraiser since 2006, we will provide you with the service, details, and speedy home appraisal reports many of our customers have come to expect. South Fulton County Home Appraiser has years of experience with value trends in Fulton County and metro Atlanta. We know and understand the guidelines to getting your PMI removed. Call us today for your complimentary consultation and detailed quote.
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Mon-Sat 8am – 5pm
2410 Campbellton Rd. SW
Atlanta, GA 30311
South Fulton County Home Appraiser