Refinance 8 months after purchase

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Bratley1055

Guest
Can I use the current market value when I refinance. Trying to get rid of mortgage insurance and lower my rate
 

Jzone

LoanSafe Member
Jun 20, 2017
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The bank will do an appraisal and an inspection. They also look at similar homes in your neighborhood for price trends. Generally, if you appraise at 85% or better, you wont need mortgage insurance. Varies by lender.