10/14/2026
š October Homeowner Reminder: Check Your PMI.
If youāve owned your home for a few years, made renovations, or home values in your area have increased, you may have built more equity than you realize.
If youāre currently paying private mortgage insurance (PMI), it may be worth checking whether you still need it. In some situations, your lender may allow PMI to be removed once youāve reached the required level of equity, and a professional home appraisal may be needed to establish your homeās current market value.
That could mean eliminating an extra cost from your monthly mortgage payment. And the extra savings can be significant with PMI ranging from 0.5%-1.5%+/- of the original loan amount per year. That can translate to saving $100-$500+/- on your monthly payment depending on your loan amount and terms.
Definitive Valuations provides PMI removal appraisals and private residential appraisals throughout North Alabama and Middle Tennesseeāincluding Huntsville, Madison, Birmingham, Nashville, Franklin, and surrounding communities.
š” Think you may have enough equity to remove PMI? Start by contacting your mortgage servicer to learn their requirements.
definitivevaluations.com