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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.
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.
So...you're dumb
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.
So...you're dumb
Posted on 11/16/12 at 4:11 pm to ItNeverRains
I bet you idiots think ring appraisals mean something too
Posted on 11/16/12 at 4:43 pm to yellowfin
Um no. That's relevant to the conversation how? It's ok to be wrong. Stop digging your hole.
Posted on 11/16/12 at 4:54 pm to I Love Bama
Now now he might not be derailing...
You planning on going VA or FHA on that ring?
You planning on going VA or FHA on that ring?
Posted on 11/16/12 at 5:22 pm to ItNeverRains
I'll borrow against my lihtc funds and tax credits
Posted on 11/18/12 at 10:18 am to I Love Bama
quote:
I just bought a house last week for $50,000 and it appraised for $120,000. It's called real estate investing.
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