|
|
 |
 |
|
Federal
Law may save you hundreds of dollars each year
The Homeowners Protection Act of 1998 establishes rules for termination
and borrower cancellation of PMI on home mortgages.
Our appraisal division specializes in assisting homeowners in
the removal of unnecessary PMI payments.
|
Can
you get rid of your PMI Payment?
Have you been paying private mortgage insurance for years? You may
be closer than you think to getting rid of that extra payment, which
can amount to hundreds of dollars a year. Home improvements, appreciation
and extra payments can all shorten the time you have to pay PMI.
The basic rule is that you can cancel your PMI payments once your
home equity reaches 20 percent of your homes value. If you think
you might be paying unnecessary private mortgage insurance, take
this quiz.....
1. Do you have 20% or greater equity in your home?
2. Has your home risen in value?
3. Have you made extra payments?
4. Do you know exactly how much your original down payment was?
5. Do you know your mortgage balance?
6. Are you willing to pay for an appraisal? ($295)
7. Have you made all your payments within 30 days of the due date?
8. Do you have the phone number for your lenders customer service
department?
Click
Here and contact us about your PMI payments.
*
* Just supply us with your: Name, Property Address, Town, Phone,
How long you have owned your residence, and the Name of lending
Bank/Current Mortgage Holder. |
| |
|
