You can stop paying PMI
A 1998 federal law lets you drop private mortgage insurance once you hold 20% equity. A certified appraisal proves it — and a one-time fee can save you up to $1,200 a year, every year.
Order an Appraisal📞 Call 817-267-8236Why over half of homeowners are still paying PMI
Over half of all mortgage loans have private mortgage insurance (PMI). For most homeowners, that’s money paid every month that a single appraisal could eliminate.
- A 1998 federal law requires lenders to allow you to drop your PMI once you have 20 percent equity in your home.
- In order to eliminate your private mortgage insurance monthly payments, your lender will need an appraisal by a state-certified appraiser indicating current market value.
- The increased value of all upgrades & renovations you have made since purchasing your home will be included in the new appraisal.
- Depending on your loan amount, your PMI payment is probably between $50.00 to $100.00 each month! That’s up to $1,200.00 per year, every year, that you could save.
The one-time cost for an appraisal needed by your lender to establish your current equity position (loan to value ratio) is around $400.00 — and that is a one-time fee. Your PMI payment is every month!
If you need a private mortgage insurance removal in Dallas, TX, we can help you significantly reduce your monthly mortgage payments. Let’s get started saving money!
Three steps to drop your PMI
It really is just that easy. We have helped thousands of homeowners over the years.
Contact your lender
Confirm that your mortgage payment includes private mortgage insurance. Find out precisely what your lender needs to eliminate your PMI payment and where to send it. Most lenders require a full appraisal.
Order the appraisal
Phone or email the Metroplex Appraisal Network to arrange the proper appraisal. We have the credentials, certifications, and experience to satisfy any lender’s appraiser requirements.
Send it & save
Send the report to your lender and enjoy your lower mortgage payment! We have helped thousands of homeowners establish their current equity position and stop paying PMI.
Other ways we help homeowners
Property Tax Challenge
A property-specific appraisal is stronger evidence of market value than a generalized computer estimate — and could save you thousands in taxes.
Learn more →Home Measuring Service
Tax records report incorrect square footage more than 60% of the time. Get an accurate gross living area for every listing.
Learn more →Pre-Purchase Appraisal
Identify a home’s actual living area and market value before you make an offer and tie up earnest money.
Learn more →PMI removal questions
A 1998 federal law requires lenders to allow you to drop your PMI once you have 20 percent equity in your home. Your lender will need an appraisal by a state-certified appraiser indicating current market value to confirm it.
Depending on your loan amount, your PMI payment is probably between $50.00 to $100.00 each month — up to $1,200.00 per year, every year. The appraisal to establish your equity position is a one-time fee of around $400.00.
Yes. The increased value of all upgrades and renovations you have made since purchasing your home will be included in the new appraisal, which can help you reach the 20% equity threshold faster.
Ready to order your appraisal?
Accurate, defensible reports from the most trusted appraiser in the Metroplex.
Order an AppraisalCall 817-267-8236