Burnham Real Estate/Appraisals
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LOWER YOUR HOUSE PAYMENT


QUIT PAYING FOR PRIVATE MORTGAGE INSURANCE!

PMI INSURES THE BANK, THERE IS NO BENEFIT TO YOU.

SAVE AS MUCH AS $100/MONTH OR MORE.

What is PMI?

PMI stands for private mortgage insurance. When you bought your home, if you put less than 20% down on a conventional loan, you are probably paying PMI. Check your mortgage statement or contact your lender to be sure.

How do you stop paying PMI?

If you have paid your mortgage balance down to less than 80% of the original purchase price or if your property has appreciated significantly enough to make your loan balance equal less than 80% of the value, you may qualify to quit paying PMI. Again to be sure, check with your mortgage lender.

How do I know what my house is now worth so I can apply to quit paying PMI?

Generally, the Mortgage Company will require an appraisal by a certified appraiser that states the fair market value of your home.

What does an appraisal cost?

Burnham Real Estate Appraisals will do an appraisal for you, see fee schedule.

Call Burnham Real Estate Appraisals at 757 428 6890 for more information or any questions you may have. Our advice is free. We only charge for the appraisal.


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1612 Va. Beach Blvd., Suite 202,
Va. Beach, VA 23454
PH: 757/428.6890 FAX: 757/428.6897

2172 Teal Road
Carova Beach 27927

PH:757.240.5113
FAX: 757/428.6897

Requests@burnhamappraisal.net