Is it time to appraise home to remove pmi payments?
You're probably tired of seeing that extra line item on your mortgage statement every month, which is why you might want to appraise home to remove pmi and finally stop throwing that cash into a black hole. Private Mortgage Insurance, or PMI, is one of those annoying "just because" fees that lenders tack on when you put down less than 20% on a house. It doesn't actually protect you; it protects the bank in case you stop making payments. The good news? You don't have to pay it forever. If your home's value has gone up—and let's be honest, in most neighborhoods, it has—you might be sitting on enough equity to kick that insurance to the curb right now. ...