Appraisals

Why do I need an appraisal?
You need an appraisal to verify the current value of the property at the time of a request for deletion of PMI. It is also needed to confirm a property has not declined in value since origination.

 

Closing costs?

Closing costs may include loan origination fees, up-front fees, prepaid interest, application fees, appraisal fee, home inspection fee, survey, title search and title insurance, an amount placed in escrow, recording fees and attorney's fees. Depending on your location, closing costs generally average 3 to 4 percent of your loan amount.