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Another way to have PMI dropped.......
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tray831
Dee-licious!
Member since 3/06 5355 total posts
Name:
His Baby
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Another way to have PMI dropped.......
I found out this weekend that you can also drop PMI if your house is appraised 80% higher than what you paid for it.
Does that make sense or has anyone heard of it?
Thanks.
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Posted 2/12/07 1:06 PM  |
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Long Island's Largest Bridal Resource | Prudential Douglas Elliman Real Estate |
SweetTooth
I'm a tired mommy!
Member since 12/05 20105 total posts
Name:
Lauren
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Re: Another way to have PMI dropped.......
sure, that can happen - mostly though if you buy a house and then do improvements so that its appraised for more than when you originally bought it.
Its unlikely to happen when you first purchase a house unless the seller is under extreme circumstances.
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| Posted 2/12/07 1:09 PM |
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kerrycec03
Mom of 2 beautiful boys!!
Member since 6/06 13519 total posts
Name:
Kerry
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Re: Another way to have PMI dropped.......
yea, its possible, but sadly unlikely. Unless maybe you completely gut it and then get it refinanced.
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| Posted 2/12/07 1:11 PM |
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