Can You Get Rid of Your PMI? We’ll Help You Find Out.

At Bruce W. Reyle Real Estate Appraisers & Consultants, we help homeowners determine if they have enough equity to remove Private Mortgage Insurance (PMI) and start saving money.

What Is PMI and Why Are You Paying It?

Traditionally, homebuyers put down 20% when purchasing a home. This protected lenders by ensuring a financial cushion in case the borrower defaulted. But during the housing boom of the early 2000s, many lenders started accepting down payments as low as 10%, 5%, or even 0%.

To offset that increased risk, lenders began requiring Private Mortgage Insurance (PMI)—an extra monthly cost that protects the lender, not the homeowner, if the loan goes into default.

Why PMI Costs You More Than You Think

PMI typically adds $40–$50 per month for every $100,000 borrowed. That can quickly add up—and unlike mortgage interest, PMI often isn’t tax-deductible.

Here’s the kicker:

• You pay it, but

• The lender benefits from it, and

• It offers you no protection.

How We Help You Eliminate PMI

Once you reach 20% equity in your home, you may be eligible to cancel PMI—but lenders usually require proof. That’s where we come in.

As certified appraisers serving the Washington Metro Area, and surrounding areas, we provide accurate, independent home valuations that can be used to:

• Show your lender you’ve reached the 20% equity threshold

• Formally request PMI cancellation

• Start saving every month

Take the First Step Toward Dropping PMI

Not sure if you have enough equity? We’ll help you find out.

Call Bruce W. Reyle Real Estate Appraisers & Consultants today 703-273-7375

Stop paying for PMI sooner than expected—and keep more of your money where it belongs.

How homeowners can avoid bearing the expense of PMI

Remove PMI Early and Start Saving

Still paying Private Mortgage Insurance (PMI)? You may not have to.

Under the Homeowners Protection Act of 1998, lenders are required to automatically cancel PMI when your mortgage balance reaches 78% of the original loan amount. But many homeowners don’t realize they can request to remove PMI even earlier—as soon as they hit 80% loan-to-value (LTV).

Why Keep Paying If You Don’t Have To?

For many homeowners, it can take years to pay down the mortgage enough to cancel PMI automatically. But if your home has appreciated in value, you could already have 20% equity—qualifying you for early PMI cancellation.

And that means:
✔ Lower monthly payments
✔ No more paying for insurance that only protects the lender
✔ Long-term savings you can reinvest in your home or future

Local Market Expertise Matters

Real estate trends vary from neighborhood to neighborhood. Even if national home prices are down, your home in Fairfax, Fairfax City County, or nearby areas may have gained value.

That’s why it’s important to get a current market valuation from a certified local appraiser.

We Can Help You Eliminate PMI

At Bruce W. Reyle Real Estate Appraisers & Consultants, we specialize in identifying home value trends throughout Northern Virginia. Our appraisals give you—and your lender—an accurate picture of your home’s current market value.

With a professional appraisal showing 20% equity, many lenders will approve PMI removal quickly and with little pushback.

Ready to Stop Paying PMI?

Let’s find out if your home qualifies.
Call us today at 703-273-7375 or request an appraisal online to take the first step toward dropping your PMI and keeping more of your money each month.

Bruce W. Reyle Real Estate Appraisers & Consultants
  Trusted. Local. Experienced.

Want to learn more about PMI and the Homeowners Protection Act? Click this link:
Cancellation of Private Mortgage Insurance: Federal Law May Save You Hundreds of Dollars Each Year