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re: Is it worth accelerating mortgage payment to avoid PMI?
Posted on 1/28/16 at 8:48 am to Amory Blaine
Posted on 1/28/16 at 8:48 am to Amory Blaine
Bought my house in July 2012, purchase price of $213k, discounts brought it down to $205k, appraised for $218k, put down about 12%.
Mortgage holder is Wells Fargo, got appraisal done through them in September 2014 (costs $400) to remove PMI, house needed to appraise for at least $226k, appraised for $240k. PMI removed about 2 yrs early and saved me about $2k.
Mortgage holder is Wells Fargo, got appraisal done through them in September 2014 (costs $400) to remove PMI, house needed to appraise for at least $226k, appraised for $240k. PMI removed about 2 yrs early and saved me about $2k.
1
Posted on 1/28/16 at 8:02 pm to LSUSUPERSTAR
quote:
Bought my house in July 2012, purchase price of $213k, discounts brought it down to $205k, appraised for $218k, put down about 12%.
Mortgage holder is Wells Fargo, got appraisal done through them in September 2014 (costs $400) to remove PMI, house needed to appraise for at least $226k, appraised for $240k. PMI removed about 2 yrs early and saved me about $2k.
Did you make improvements to the property? I was told I could not remove PMI with a new appraisal with no improvements.
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