Private Mortgage Insurance can cost $40–$50 a month per $100,000 borrowed — money you stop owing the moment your loan-to-value ratio drops below 80%. Here’s how an appraisal proves you’ve crossed that line and gets the PMI canceled
Most homeowners only think about an appraisal when they’re buying or refinancing — but there are at least seven other situations where a real, USPAP-compliant appraisal solves a real problem. Here’s the practical guide, situation by situation.
