PMI Removal

Its no secret that paying for private mortgage insurance (PMI) is expensive. Its not difficult to have PMI removed, but several steps are necessary. Here is what you need to do

  • Step 1    Order an appraisal of your property

 

  • Step 2    Get The balance owed on the your property from your Lender

 

  • Step 3    Calculate your equity by taking the appraisal value of your home and subtracting the balance you owe then divide by the appraisal value.  Move decimal 2 places to the right to get the percent

 

Example  $80,000 = Value of Home,  $100,000 = Balance You Owe

$100,000  –  $80,000
—————————–    =             .20   =   20%
           $100, 000

 

While we cannot guarantee you will be able to have your PMI removed we can guarantee that we will completed an accurate appraisal of your property so you can have PMI removed if you qualify.

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250 E Boulevard Dr #269 Flint, MI 48501

Phone: 810-309-8200
MONDAY-FRI 9:00AM – 6:00PM
SATURDAY 10:00AM – 4:00PM
Other hours are available by appointment