Let Appraisal Alliance Group, LLC help you figure out if you can cancel your PMI
A 20% down payment is usually the standard when purchasing a home. The lender's only exposure is often just the difference between the home value and the amount due on the loan, so the 20% provides a nice cushion against the costs of foreclosure, selling the home again, and regular value variations on the chance that a borrower is unable to pay.
Since the $40-$50 a month per $100,000 borrowed is rolled into the mortgage payment and frequently isn't even tax deductible, PMI is pricey to a borrower. It's money-making for the lender because they acquire the money, and they receive payment if the borrower doesn't pay, separate from a piggyback loan where the lender consumes all the costs.
The money you keep from cancelling the PMI required when you got your mortgage will make up for the price of the appraisal in no time. Nobody is more qualified than Appraisal Alliance Group, LLC when it comes to appreciating values in the city of Melbourne and Brevard County.
A certified, Florida licensed real estate appraiser can help home owners figure out just when their home's equity rises above the 20% point, as it's a difficult thing to know.
At Appraisal Alliance Group, LLC, we're experts at determining value trends in Melbourne, Brevard County, and surrounding areas, and we know when property values have risen or declined. When faced with data from an appraiser, the mortgage company will most often eliminate the PMI with little trouble. At that time, the homeowner can relish the savings from that point on.
Did you secure your mortgage with less than 20% down? Call Appraisal Alliance Group, LLC today at (321) 313-7100 to see if you can get rid of your Private Mortgage Insurance payment.
As licensed appraisers, we have the extensive know-how and competence to generate the level of reliable property value opinions that banks and national lending institutions require for home loans. With years of experience that only comes with doing the job, we're prepared to tackle anything from starter homes to the most luxurious new construction.
Appraisal Alliance Group, LLC in Melbourne can perform appraisals for any of the following:
Do you have a question relating to real estate appraisals? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.
Do you have a question relating to real estate appraisals? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.
KEY FACTS ABOUT APPRAISAL ALLIANCE GROUP LLC
-
US Businesses
-
Companies in Florida
-
Brevard County Companies
- Company name
- APPRAISAL ALLIANCE GROUP LLC
- Status
- Active
- Filed Number
- L16000113337
- FEI Number
- 81-3102126
- Date of Incorporation
-
June 8, 2016
Age - 8 years
- Home State
- FL
- Company Type
- Florida Limited Liability
CONTACTS
- Website
- http://appraisalalliancegroup.com
- Phones
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(321) 313-7100
APPRAISAL ALLIANCE GROUP LLC NEAR ME
- Principal Address
- 165 King Neptune Ln,
Cape Canaveral,
FL,
32920,
US
- Mailing Address
- 165 king Naptune Ln,
Cape Canaveral,
FL,
32920,
US
See Also