I have read that a lender must automatically remove PMI once your LTV is 78% of the original amount financed. I have a single loan, and I bought the property well below market value. Since my loan is not 2 years ancient the lender will not remove PMI with a simple apprasial. [...]
Articles tagged with: apprasial
Written By: aaren on December 20, 2009
7 Comments
Written By: admin on August 18, 2009
One Comment
I am wandering about purchasing a home which the apprasial is 0,000 but I can buy it for ,000. I am wandering if I can borrow the 60K and and then get a home equity loan for 25K for improvements to the property?
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