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From Appraisal to Freedom: How a PMI Removal Appraisal Can Save You Thousands

Premier Home Appraisal Blog

According to the Homeowners Protection Act (HPA), you can request PMI cancellation once you reach 20% equity in your home and have paid off 20% of your original loan amount, either through mortgage payments or an increase in your home's value. This is where the appraisal process comes in.

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15 Reasons Your Home May Not Appraise for the Expected Value: Tips for Homeowners

Birmingham Appraisal

Limited Access to Interior by Appraiser or Property Observed by a Non-Appraiser: If appraisers cannot access the interior of your home due to restrictions by the lender, they might rely on exterior observations, which could result in a less accurate appraisal value. Provide documentation if necessary.