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PMI Removal
Get Rid Of Your Private Mortgage Insurance
Rely on us for loan refinancing services in Midlothian, VA or your Virginia county
If you take out a loan with a down payment of less than 20% of the purchase price, you may have to purchase private mortgage insurance (PMI). While you can remove the PMI by paying the amount owed, this may not be possible for you. Luckily, American Appraisers has a solution. We offer loan refinancing services in Midlothian, VA, or your Virginia county. Contact us to see if you qualify for private mortgage insurance removal.
When can you remove your PMI?
To handle private mortgage insurance (PMI) removal, you may have to meet all or some of the criteria below.
- Fall below 80% of the mortgage to the value of the property
- Make your request in writing
- Have a good payment history
- Certify that there are no junior liens
- Provide evidence that your home hasn't declined in value
