Remove PMI – Save Big Money – Smile

THIS is Opportunity Knocking.

In Fact, It’s Kicking Down the Door!

You are about to discover how you may be able to save thousands of dollars by eliminating PMI (Private Morgage Insurance) from your mortgage.  This is not a gimmick or hard to do, although not every home may qualify for it.  We are here to help you determine if you qualify and then guide you every step of the way through the process.  So, sit back, buckle up, and enjoy the ride!

Smiling Man

What This Is About

If your mortgage loan is a conventional loan and you have less than 20% equity, you are probably paying a few hundred dollars a month for PMI. Many homeowners have eliminated this by evaluating what their home is worth TODAY. More details below…

Man Using Laptop

This is Easy to Start

We have a detailed form for you to fill out so we can perform preliminary research to see if your home qualifies.  This can be completed right now on this site, and it is fast and easy.  Every home is unique, so our research may take a day or two.

Banker

Save Thousands

Your PMI savings can add up to thousands of dollars every year. Your lender can “show some love” by eliminating PMI premiums off your mortgage.  Get started today and start building a mad money reserve – just in case you get… mad.

Woman Toasting Drink

Congratulate Yourself

This can usually be accomplished within a few weeks. Appraisals can be complicated, but don’t worry –  that’s what we’ve been doing for over 20 years. You’re in good hands. We have the experience and expertise to guide you from start to finish. 

The Plan and How it Works

When you have 20% equity in your home you should not have to pay PMI (Private Mortgage Insurance) if you have a conventional loan. VA and FHA loans have different rules, so this does not apply to them. This PMI can be eliminated from your monthly payment when you have 20% equity in your home value.  As an example, if you purchased a home for $500,000 and paid a 20% down payment of $100,000, you would owe a mortgage of $400,000, which is 80% of the home value – with the remaining 20% of the value being your equity.  You would have 20% equity and therefore would not be paying PMI.  If, on the other hand, you owed $470,000, you would have less than 20% equity and the lender would charge you a monthly fee for PMI. To eliminate the PMI charge you can pay off $70,000 of your mortgage – or – submit an appraisal if the current value is 20% more than what you owe on your mortgage.  After the appraisal is submitted, the PMI charge is removed.

Mortgage Example

Our expertise is analyzing your home to determine if the value has increased 20% or more from what you now owe on your mortgage.  The preliminary research phase is not an appraisal – it is a CMA (comparative market analysis) which are typically prepared by real estate agents.  This research is prepared for no charge.  Being that I am also a licensed real estate broker, I prepare CMAs. If the CMA research results in you now having 20% or more equity in your home, we would then proceed to prepare a full appraisal that will meet your lender requirements to remove the PMI charge.  CMAs, although similar, are different than appraisals and are not interchangeable.  We will guide you through the process, step by step.

Please note that not all homes may qualify for this assistance, as there are many variables to take into account.  There is no charge for our CMA services.  You are only charged if you decide to proceed with an appraisal to submit to your lender.

Rick Photo

Rick Stillman

Appraiser

Real Estate Broker

If This All Sounds Too Good to Be True…

Sometimes things sound too good to be true and people may think there’s a catch, or it’s just not true at all.  It’s good to be careful.  This, however, is not a scam or anything new.  In fact, it is common, and has been around for many years.  Your lender can verify this.  But not a lot of people have even heard of PMI.  Lenders are certainly not eager to inform you of how it can be eliminated. Next question – who am I and why should you work with me?

I work with a highly skilled team of experienced appraisers.  I am the lead appraiser that does the detailed research and analysis involved in PMI removal appraisals.  Not all appraisers have the same level of expertise or experience.  I like to compare appraisers to doctors.  The doctor that provides flu shots likely would not be able to perform a hip replacement.  Doctors can specialize in many different fields, while some don’t specialize at all.  The same can be said for appraisers.  PMI removal appraisals require more detailed analysis than most other types of appraisals because they are highly scrutinized.  When you are dealing with the largest investment of your life, seek out the best experts that you can find.  Quality and experience pay dividends.

When I first started as an appraiser over 20 years ago, most of my appraisals were for purchase and refinance transactions.  Over time, I developed a specialization in “complex” appraisals, such as high-end homes and appraisal litigation work, which focused on divorce and estate valuation appraisals.  I am a court certified expert witness for appraisal work.  This level of appraising is generally much more thorough and detailed than refinancing or purchase transaction appraisals.  These are important distinctions in appraisals that few people are aware of.

I have also been a real estate broker since 2007 and am glad to help you with the purchase or sale of your next home.

YEARS OF EXPERIENCE

Happy Clients

Properties Analyzed

This Could Be You.

This is closer than you may think.  Within a few weeks you could stop throwing money out the window and into a slush fund instead.

The next step is to download our form so we can begin research on your property and market area.

And we’ll take it from there.  We’ve been doing this for a very long time and have state-of-the-art systems and procedures in place.  You are now at the part where we say, ready, set, go!

We look forward to working with you, and after this is all said and done, we hope you inform your friends and family how they too can find their own little pot of gold!

A Few Questions We Get Asked…

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