If your home has appreciated since you bought it — which is common — you may have already crossed the 80% loan-to-value threshold that lets you request cancellation of private mortgage insurance, well before your loan’s amortization schedule would get you there on its own. Most lenders won’t take your word for it; they require a current appraisal to confirm the home’s present market value before they’ll remove PMI.
I provide a straightforward current-value appraisal built to your lender’s PMI-removal requirements, so you can submit it with confidence and stop paying for insurance you may no longer need.
What’s typically included
- Current fair market value appraisal using recent, relevant comparable sales
- A report formatted to satisfy typical lender requirements for borrower-requested PMI cancellation
- Straightforward guidance on how loan-to-value is calculated so you know what number you actually need to hit
Who this is for: homeowners who suspect their equity has grown faster than their loan balance has shrunk, and who want documentation to request PMI removal rather than waiting for it to fall off automatically.
FAQ
How do I know if I qualify before ordering an appraisal?
Check your original loan amount and current balance against a rough estimate of today’s value — if you’re near or below 80% loan-to-value, it’s worth ordering the appraisal.
Does my lender have to accept an independent appraisal?
Requirements vary by lender and loan type, so it’s worth confirming your lender’s specific PMI-removal process first.
How fast can this be done?
Most PMI-removal appraisals can be scheduled and delivered quickly since there’s no attorney review or litigation timeline involved.
Request an Appraisal
Ready to get started, or have questions about which type of appraisal you need? Call 727-480-0003 or email Cforrey@tampabay.rr.com to request an appraisal. Serving Pinellas, Hillsborough, Manatee and Sarasota Counties.
Forrey Appraisal Group 