Find Expert Appraisal Services in Charlotte, NC, for PMI Removal Purposes

Getting an appraisal for PMI removal is important for any homeowner who wants to reduce their monthly mortgage payment.

Charlotte Home Appraisal works with mortgage servicers and lenders to help you remove PMI from your home loan. They have helped countless clients get their PMI removed in Charlotte, NC. The team works hard to help you eliminate your unwanted PMI quickly and easily. As a result, you can save money on your monthly payments and gain peace of mind.

Take the Next Step to Homeownership

When you buy a home, there’s usually a 20% down payment required. But if you put less than 20% down, your lender will require that you pay for private mortgage insurance (PMI). This adds another responsibility to homeownership.

PMI removal is a process to eliminate the mortgage insurance you’re required to pay if you have a conventional mortgage and your loan-to-value ratio exceeds 80%. Once you have enough equity in your home, you can request PMI cancellation. However, you can’t remove PMI without getting an appraisal done first.

A PMI removal appraisal is an excellent way to get an objective opinion of the value of your home. They’re required by mortgage lenders when you have PMI on your loan to know the current market for your house. This helps them make an informed decision about whether or not it makes sense for them to remove their PMI from your loan.

Get a Professional Evaluation of Your Home’s Value

If you want an accurate home appraisal, contact Charlotte Home Appraisal. Consult your specific situation with them and get a step closer to eliminating PMI. The company offers services in Charlotte, NC, and surrounding areas.