CajunTigerBabe LSU Fan Lafayette Member since Sep 2012 206 posts
re: PMI bullshite (Posted on 11/16/12 at 2:08 pm to RandySavage)
quote: If you re-finance do you have to start over and pay off 20% of the refi amount or is it still 20% of the original loan amount?
When you refinace, you go by appraised value. So, in order to get out of PMI on a refi, you must have at least 20% equity in the home. This is determined by the appraisal.
ItNeverRains LSU Fan Franklin, TN Member since Oct 2007 4810 posts
re: PMI bullshite (Posted on 11/16/12 at 3:03 pm to yellowfin)
[quote let me know when you sell it for the 120k and you invest in real estate hoping it appreciates in value, when you buy it it's worth exactly what you paid[/quote]
Just had an investor buy 12 properties at 2.4m. We value them at 3.5m based on comps. He is keeping two and 10 are going on market, I expect to get 2.4-2.7 for 10 of 12 I'm listing.
Online 
