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re: Dilemma in trying to get rid of PMI while searching for a new home

Posted on 3/20/19 at 9:45 am to
Posted by VABuckeye
Naples, FL
Member since Dec 2007
35632 posts
Posted on 3/20/19 at 9:45 am to
Are you selling the house to buy the new house? If so, it doesn't really matter if you make the extra payment or put the money in the bank provided real estate values don't go down.
Posted by tiger10lsu
New Orleans
Member since Oct 2010
223 posts
Posted on 3/20/19 at 9:51 am to
Yes. I would be selling the house and taking the profit to purchase the new home. Bought for $209,000. Owe about $185,000. Worth about $230,000.
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