AppraisalWorks

Every year, thousands of people in Texas purchase, sell or refinance their home. Many of these transactions involve a simple line item for an appraisal. Even though there are a developing number of automated home valuation systems that may appear to be less expensive than an appraisal, most lenders still need a local expert because the stakes are i... ncredibly high. You might think that securing a mortgage is the only reason to get an appraisal, but there are additional instances when the services of a licensed, independent real estate professional might be helpful. Secure appraisal ordering is easy from AppraisalWorks. Just click here It's quite possible you're paying too much in property taxes if you reside in an area where property values have declined. Property taxes are determined by a previous assessment of your house, so if values are less than what they used to be in your area, you can challenge your assessment and save money. An appraisal from AppraisalWorks is your best evidence when building your case. We're equipped to assist you in disputing your tax assessment. How can you get rid of PMI to lower your mortgage payment? Private Mortgage Insurance, or PMI, is an additional insurance policy that many lenders ask homeowners to buy when the amount being loaned to the home buyer is more than 80% of the actual value of the home. Seeing that additional payment is usually lumped into the monthly mortgage payment, it is often forgotten. This is damaging because PMI isn't required when the remaining balance of the loan - whether through market appreciation or principal pay down - falls below the 80% mark. In fact, the United States Congress passed a law in 1998 (the Homeowners Protection Act of 1998) that requires lenders to do away with the PMI payments when the loan-to-value ratio conditions have been met. AppraisalWorks can provide you with a statement regarding the value of your home, and the expense of the home valuation can generally be offset in just a few months because you'll no longer be paying the ...Read More