Acton Appraisals

Why obtain an appraisal from Acton Appraisals? To a lot of us, an appraisal is simply one more thing in the long list of items for a home sale or refinance. And while there are a multiplying number of automated home valuation processes that may appear less expensive than an appraisal, almost all lenders still want a local expert because the stakes... are very high. But is getting a mortgage the only reason to acquire an appraisal? Are there other situations when the services of a certified, independent real estate professional could come in handy? Absolutely. When you're planning on any transaction where the value of your real estate is in question, contact Acton Appraisals. Just click here If you reside in an area where the value of property has declined, it's possible you're paying too much in property taxes. An appraisal from Acton Appraisals is your best evidence when building your case. At Acton Appraisals, we're qualified to assist you in challenging your tax assessment. Private Mortgage Insurance, or PMI, is an additional insurance policy that nearly all lenders ask homebuyers to purchase when the amount being loaned to the home owner is more than 80% of the actual value of the real estate. This extra payment is often folded into the monthly mortgage payment and is promptly forgotten. This is unfavorable because PMI becomes unnecessary when the remaining balance of the loan - whether through market appreciation or principal pay down - dips below the 80% mark. In fact, the Homeowners Protection Act (HPA) of 1998 was approved by the United States Congress that requires lenders to do away with the PMI installments when the balance is paid down to 78% of the original value. If you'd like to do away with PMI, Acton Appraisals can give you a statement regarding the value of your home. The cost of the home valuation can usually be offset in a short amount of time because you'll no longer be paying the PMI. A divorce is a particularly daunting ordeal for the parties involved, and it is often further complicated ...Read More