Eliminate private mortgage insurance and reduce your monthly payments
If you put down less than 20% when you purchased your home, you're likely paying private mortgage insurance (PMI). Once your home equity reaches 20%, you can eliminate this costly monthly expense—but you need a professional appraisal to prove your home's current value to your lender.
PMI typically costs $30-$70 per month for every $100,000 borrowed, meaning Bay Area homeowners often pay $1,000-$2,000 or more annually. With the appreciation many homes have experienced, you may already have sufficient equity to eliminate PMI and save thousands of dollars over the life of your loan.
You may be eligible to eliminate PMI if you meet these conditions
Your home has appreciated in value since purchase, increasing your equity to 20% or more of the current market value.
You've made regular mortgage payments that have reduced your loan balance to 80% or less of your home's value.
You've completed renovations or improvements that have significantly increased your home's market value.
You have a strong track record of on-time mortgage payments with no recent late payments.
You've had your mortgage for at least 2 years (some lenders require 5 years if using home appreciation alone).
Your lender allows PMI removal (most conventional loans do, but check your specific loan terms).
$500K Home
Based on typical PMI rates of 0.5-1% annually
$1M Home
Average Bay Area home value
$2M Home
Higher-value properties save even more
A $500-700 appraisal could save you thousands of dollars annually—often paying for itself in just a few months.
Our appraisals are accepted by all major lenders including Wells Fargo, Chase, Bank of America, and more.
All appraisals follow Uniform Standards of Professional Appraisal Practice, meeting lender requirements.
We understand Bay Area market appreciation and how to document value increases for lender acceptance.
Quick scheduling and delivery so you can start saving on PMI payments as soon as possible.
We properly document renovations and improvements that have added value to your home.
Confirm PMI removal requirements and appraisal acceptance criteria.
Schedule your property inspection at a convenient time.
We conduct a thorough inspection and document all improvements.
Get your detailed appraisal report showing current market value.
Provide the appraisal to your lender to request PMI removal.
Once approved, PMI is removed and your monthly payment decreases.
With annual PMI costs of $1,500-$2,500 on a typical Bay Area mortgage, a one-time $500-700 appraisal fee pays for itself in just 3-5 months. You'll continue saving those monthly payments for years to come.
Potential total savings over a 10-year period by eliminating $2,000/year in PMI payments
Get a professional appraisal and start saving on your monthly mortgage payment