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re: My renting/owning situation
Posted on 4/10/13 at 12:47 pm to Chaplain
Posted on 4/10/13 at 12:47 pm to Chaplain
I have no idea. I've just been mortgage shopping and this is what the lender told me.
She also told me that it's possible to have a less-than-20% down payment, and then pay for 12 months, and get your house re-appraised. If you owe less than 80% of the value of the re-appraisal, it's possible to drop the PMI entirely.
She also told me that it's possible to have a less-than-20% down payment, and then pay for 12 months, and get your house re-appraised. If you owe less than 80% of the value of the re-appraisal, it's possible to drop the PMI entirely.
1
Posted on 4/10/13 at 3:11 pm to baytiger
So if there is no 20% down payment, the PMI is monthly? How much is that?
Also what factors if an area has a good housing market?
These are serious questions and I thank you very much for answering them
Also what factors if an area has a good housing market?
These are serious questions and I thank you very much for answering them
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