Lighthouse Appraisal Group LLC performs appraisals for a variety of clientsTo a lot of us, an appraisal is simply another fee on the settlement sheet for a home sale or refinance. While there are a growing number of automated home valuation systems that may appear to be cheaper than an appraisal, the majority of lenders still want a local expert because the stakes are very high. You might think that obtaining a mortgage is the only reason you should get an appraisal, but there are more times when the services of a licensed, independent real estate professional could be helpful.
Lighthouse Appraisal Group LLC. can help you do away with PMI to lower your mortgage paymentPrivate Mortgage Insurance, or PMI, is an extra insurance policy that most lenders ask home buyers to purchase when the amount being loaned to the homeowner is more than 80% of the actual value of the property. This extra payment is often bundled into the monthly mortgage payment and is quickly forgotten. PMI isn't necessary when the remaining balance of the loan - whether through market appreciation or principal pay down - decreases below the 80% mark, making this very unfortunate. In fact, the Homeowners Protection Act (HPA) of 1998 was passed by the United States Congress requiring lenders to do away with the PMI payments when the balance is paid down to 78% of the original value.
If you'd like to eliminate PMI, Lighthouse Appraisal Group LLC. will produce a statement regarding the value of your home. The cost of the home valuation can usually be regained in little time because you'll no longer be paying the PMI.
An appraisal from Lighthouse Appraisal Group LLC will help you settle a divorce with less stressA divorce can be a particularly traumatic experience for both parties, and it is often even more complicated by the troublesome decision of who maintains the property. It's a good idea to get an appraisal from Lighthouse Appraisal Group LLC. so both parties are completely aware of the true market value of their home, regardless of the situation.
If the parties wish to sell the home, they'll have a better idea of what price to set. And on the flip side, if a "buyout" is the chosen option, both parties will feel like they've gotten a fair evaluation.
Accurate and fair estate liquidation with Lighthouse Appraisal Group LLCThe death of a loved one is a hard time in life, and settling an estate from a death, or probate, often entails an appraisal to establish Market Value for the real estate involved. We guarantee the fullest degree of discretion, as we're bound with confidentiality by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP).
Unlike many wealthy individuals, most Americans don't have dedicated estate planners or executors to handle these matters. A home or other property often makes up an uneven share of the total estate value, so understanding the true value of the real estate at hand is of essential importance to ensuring disputing parties leave knowing they've gotten a fair deal.
Lighthouse Appraisal Group LLC can assist you in relocating to or from Collin CountyEmployee relocation can be a stressful event. We know where you're coming from! That being said, we take great care in establishing a convenient appointment time for the appraisal inspection. During our detailed process, we encourage relocating employees to provide input on the positive features of their property, along with information regarding any recent sales or listings in their area that they want considered.
Let Lighthouse Appraisal Group LLC assist you in selling your home quickly at the right priceA professional appraisal will help you make a better educated decision regarding your asking price, whether you decide to sell your home on your own or use the assistance of a real estate agent. Unlike a real estate agent, an appraiser has no vested interest in what price the house sells for. The price we charge isn't a percentage of the sales price, but rather they depend on our efforts to complete the appraisal.
We analyze the difference in value items like an extra bathroom or a kitchen remodel can make on a daily basis. Getting a professional appraisal is a trusted way to determine what improvements will add value and what an applicable sales price is for your home - so you don't come up short or have your house on the market an unnecessarily long time - because we're experts in knowing how long houses are one the market.