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re: What to do with 1 year increased pay?
Posted on 3/8/24 at 10:52 am to Yeti_Chaser
Posted on 3/8/24 at 10:52 am to Yeti_Chaser
quote:
My understanding is that I would need to get it re-appraised and my loan will need to be less than 20% of the total value of the home.
You should have been provided a specific PMI elimination number when you signed up. You "should" only need an appraisal if you are trying to claim added equity from property value increases to hit the 20% equity mark.
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