PMI Removal Appraisals
Still paying PMI every month? You might not have to. Private Mortgage Insurance (PMI) is designed to protect lenders when borrowers put down less than 20% on a home. But here's the catch: you’re not required to pay PMI forever - even though most homeowners think they are. At Master Appraisal Services, we specialize in accurate, lender-ready PMI removal appraisals across Phoenix, Scottsdale, and surrounding areas. With over 25 years of experience, we’ll help you determine if you’ve reached that golden 20% equity mark - and if you have, we’ll help you say goodbye to that unnecessary monthly payment. Pay Attention To The DetailsBy law, lenders must disclose that PMI can be removed, but they’re not required to tell you when you qualify to stop paying it. That means many homeowners continue paying PMI for months - or even years - after they’ve already built enough equity to cancel it. Think about that. You could be saving hundreds and not even know it. Three Ways You Might Already Qualify for PMI RemovalYou can eliminate PMI once you’ve hit 20% equity in your home - and you don’t have to wait 10 years or finish your mortgage to get there. You may already qualify thanks to:
No matter how you got there, the next step is proving it. That’s where we come in. Why You Need a PMI Removal AppraisalTo remove PMI, your lender needs proof of your home’s current market value. An accredited, Arizona licensed real estate appraiser like Master Appraisal Services provides exactly that. Our PMI removal appraisals are:
We evaluate recent sales, market trends, neighborhood conditions, upgrades, and more to calculate your home’s fair market value. From there, we determine how that value compares to your current loan balance - and whether you’ve crossed the 20% equity threshold. When faced with figures from an appraiser, the mortgage company will usually remove the PMI with little effort. At that time, the home owner can delight in the savings from that point on. Why Choose Master Appraisal Services?We’ve been appraising homes across Maricopa and Pinal Counties for over two decades. We know how to work with lenders, we know the neighborhoods, and we know how to get you results. Our reports are clear, defensible, and trusted by homeowners and professionals alike. Want to learn more about PMI and the Homeowners Protection Act? Click this link: Homeowners Protection Act
Ready To Drop PMI?If you suspect your home has increased in value—or you’ve made major improvements—let’s find out if you're eligible. Give us a call to schedule your appraisal. 
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