How can we save you money on your existing mortgage?

Remove Private Mortgage Insurance (P.M. Insurance) which costs approximately $60 to $150 per month. Most people don't realize that this is not required when you have 20% of equity in your home. Unless you do an appraisal of your property and send it to your mortgage company, they will continue to charge you monthly. This covers the mortgage company, not yourself. However, you pay for it.

Now that you know how to save money on your existing mortgage, what about the property you're interested in purchasing? If the bank/mortgage company takes control of ordering the appraisal, how confident do you feel in those results? Example: the mortgage company hires the appraiser; if the property does not appraise for your sales price, no commission for the broker/loan officer. This motivates the broker to pressure the appraiser. Hire your own appraiser and feel safe. You are going to pay for the appraisal even if the bank/mortgage company hires them.