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re: How to make sure home appraises? PMI question.
Posted on 5/11/16 at 2:59 pm to PhiTiger1764
Posted on 5/11/16 at 2:59 pm to PhiTiger1764
quote:
PhiTiger1764
quote:
the last thing I want to do is pay $600 for an appraisal
People who get Jumbo Loans/Alt A Financing for homes that are upper 6 figures (<$417K or the limit of most Conventional Financing Options that are backed through Freddie and Fannie) might pay $600 for an appraisal.
But if your home is less than $200K and you're paying $600 for an appraisal, you're being raped.
1
Posted on 5/11/16 at 3:09 pm to GFunk
quote:
But if your home is less than $200K and you're paying $600 for an appraisal, you're being raped.
The Wells Fargo approved appraiser that I am required to use to go through this process of eliminating PMI will cost $550. This isn't negotiable.
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