stepping_up_IHB
New member
We still have not been able to take advantage of the low rates to refinance because we have what is called lender paid PMI and our LTV is definitely not 80:20. However, it looks like there could still be a savings to us if we did do a loan with PMI if the LTV is 90:10. There are currently three properties in escrow in the neighborhood.
1). slighly smaller and fewer updates at $450K
2). approximately equal size and fewer updates at $420K
3). approximately equal size and completely updated/renovated for $499K
All three have the same bed and bath count.
There is a 4th that closed the end of Sept at $399K that is smaller but updated.
All the others are more than 90 days old. What is the likelihood that an appraisal would be at least $425K?
1). slighly smaller and fewer updates at $450K
2). approximately equal size and fewer updates at $420K
3). approximately equal size and completely updated/renovated for $499K
All three have the same bed and bath count.
There is a 4th that closed the end of Sept at $399K that is smaller but updated.
All the others are more than 90 days old. What is the likelihood that an appraisal would be at least $425K?
