DID YOU KNOW?

Millions of U.S. homeowners are sending their mortgage lenders $80 to $150 more than they should each month by paying for unnecessary private mortgage insurance (PMI). Are you?

WHAT IS PMI?

If you purchased you home with a conventional mortgage (not FHA or VA, these do not use PMI) and put less than 20% down, you were probably required to pay Private Mortgage Insurance (PMI). It is intended to protect the lender if the homeowner defaults on the loan. This does NOT protect you as the homeowner, and it may be costing you over $1,000 a year in unnecessary payments!

HOW DO I REMOVE PMI?

Requirements vary by lender, but the common process includes:

• The property must be owner occupied 100% of the time
• You must have a loan balance below 80% of your property value
• You must have paid a minimum of 12 to 24 consecutive monthly payments
• A good payment history
• And a new appraisal

If you think that you qualify for PMI Removal, contact you lender to find out what their specific requirements are. Then order an appraisal to determine the value of your property. Call us at (651) 765-0582 to order your appraisal or ask us further questions.

HOW MUCH WILL IT COST?

Our appraisal fee for PMI removal is less than $300. This will soon pay for itself if a $80-$150+ a month PMI payment can be eliminated. So unless you plan on moving within the next 6 months, what do you have to lose? Call TODAY!