2375 East Camelback Rd, Suite 600
Phoenix, AZ 85016

Phoenix Private Mortgage Insurance Appraisals


Private mortgage insurance (PMI) allows individuals to purchase a home with less than 20% down payment. If you are paying PMI, you need to ask yourself, “Is it time to stop paying monthly PMI and instead start putting that money into my pocket?”

Private mortgage insurance protects the lender or investor against loss if a borrower stops making payments. Often, homeowners mistakenly pay PMI years after its no longer needed. As a result, they end up paying thousands in useless insurance premiums.

Here’s the good news that many homeowners don’t realize. Once you’ve reached 20% equity in your home by appreciation, improvements made to the home, or by paying down the principal balance of the mortgage (or any combination of the three), you can force the lender to cancel the private mortgage insurance. All you have to do is request in writing that the PMI be canceled (most lenders have a brief form for this) and provide the lender with proof of equity over 20%.

Most lenders require a real estate appraisal by a state-certified appraiser as the primary proof to eliminate PMI. At Accurity Phoenix, we specialize in helping people just like you rid themselves of unnecessary PMI. We offer a free initial consultation, and we’ll help you determine if you have sufficient equity in your home to cancel your PMI.

Call us today at (480) 565-6900 for a FREE consultation or with any questions you have, and check out our testimonials page to see what others are saying about Accurity Phoenix.