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Reasons for a
homeowner to obtain a real estate appraisal vary
depending their specific needs. Some of
these needs include:
Regardless of the
reason, we at Bridgeport Appraisal recognize your
need for professional service, combined with a
high quality appraisal report. Please give
us a call today for additional information by
clicking the "Contact Us" link on the left margin
of this page.
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PMI Removal
Appraisal
Most homeowners with a balance
on their mortgage loan in excess of 80% of their
property value are paying mortgage insurance.
As market value increases over time, along with
periodic payments made to he existing mortgage,
this loan-to-value ratio will eventually drop
below that 80% threshold. When this happens
the homeowner can typically submit evidence (an
appraisal) to the lender, and the PMI can be
removed from the monthly payment. This can
free up hundreds of dollars per month form the
cost of your mortgage. At
Bridgeport Appraisal, we offer a free initial
consultation with a subsequent, low cost market
analysis of your neighborhood, to see if a full
appraisal would serve your needs. This
market analysis fee will be credited toward the
appraisal fee if the full appraisal is ordered
within 10 days of the market analysis. |