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re: How to make sure home appraises? PMI question.

Posted on 5/11/16 at 2:09 pm to
Posted by PhiTiger1764
Lurker since Aug 2003
Member since Oct 2009
14078 posts
Posted on 5/11/16 at 2:09 pm to
quote:

Verify with your lending company that they would do away with PMI under those circumstances.. I don't believe they have to if they do not want to.

I have. And they do, by law.

I can't just go grab any appraiser, though. I have to use a Wells Fargo approved appraiser.
This post was edited on 5/11/16 at 2:11 pm
Posted by lsufan1971
Zachary
Member since Nov 2003
19641 posts
Posted on 5/11/16 at 2:36 pm to
quote:

can't just go grab any appraiser, though. I have to use a Wells Fargo approved appraiser.


It's a crap shoot. When we bought our house last August the appraisal came in really low which screwed the seller. The appraiser was approved by my lender . The guy was from Livingston Parish apprasing a home in Zachary. I had it reappraised 3 months ago and it came in 35k higher than the original.
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