PMI Removals

Reliable appraisal services to help verify if and when mortgage insurance costs should be removed.

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Velox PMI Removal Services

Velox PMI Removal Services

Private Mortgage Insurance (PMI) can be a costly financial requirement for homeowners as part of their mortgage agreement. At Velox, we specialize in providing appraisal services that can help lenders verify a PMI removal.

Lenders with an accurate loan-to-ratio value can better determine risk and possibly eliminate the added expense of PMI for the homeowner.

Our team of experienced and state-certified professionals will work diligently to assess the current value of a property while providing a comprehensive report to identify if and when a PMI removal is necessary. We use the latest tools and data to ensure fair, unbiased market value assessments.

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When Do I Need a PMI Removal Appraisal?

Consider a PMI removal appraisal when you believe a property’s value has increased significantly enough to reach the threshold for PMI removal.

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Home Appreciation

Appreciation changes are among the most common reasons for verifying a property’s PMI removal eligibility. With the help of an expert appraiser, servicers, lenders or homeowners can verify if a property’s current market value has exceeded the original purchase price, potentially eliminating the need for PMI to stay in place.

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Refinancing

When a mortgage is refinanced at a lower interest rate, it’s important to have the property accurately appraised to see if it meets a specific loan-to-value (LTV) ratio. By getting an accurate real estate appraisal, you can determine a property’s real market value and verify if PMI should be removed.

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Property Renovations

If significant improvements or renovations are made to a property after it was purchased, it can quickly increase its value and make it eligible for PMI removal. Our appraisal services assess the added value of these updates and provide the due diligence necessary to either remove PMI or keep it in place.

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Why Choose Velox for Your PMI Removal Appraisal Service?

The Homeowners Protection Act mandates that lenders eliminate private mortgage insurance once a borrower achieves a 78 percent loan-to-value (LTV) ratio. With Velox's PMI removal appraisal services, you'll receive an accurate appraisal that provides the assurance needed to move forward with adjustments to the mortgage agreement.

Contact Velox Today

Whether you're seeking a swift property evaluation or are a service provider confirming PMI removal eligibility, our expert appraisal services ensure thorough due diligence before drafting an official PMI removal request letter.

Hear What Our Clients Have to Say About Our PMI Removal Services

"After contacting our mortgage company, we reached out to Velox and they were a financial lifesaver! Their appraisal report helped demonstrate that our home had gained enough equity to remove private mortgage insurance. Thanks to Velox, we're now enjoying lower monthly payments.

Jason

Indianapolis

"We reached out to our mortgage servicer who stated we needed to send them a PMI removal request letter and a recent appraisal, so we contacted Velox. Their team delivered an appraisal in a couple of days that played a pivotal role in removing our private mortgage insurance. We highly recommend their services!"

Laura & Glenn

"Our home's value had increased the past several years, so we thought that we might have over 20% equity in the house. We contacted Velox and the appraisal report they provided gave us the confidence to pursue PMI removal, resulting in significant monthly savings. The team at Velox was responsive and knowledgeable throughout the process. Thanks Velox”

Lee

Nashville

Frequently Asked Questions

Work Directly With an Appraiser Today

Connect with one of our expert appraisers today, and let us help you verify PMI removal eligibility.

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