Refinance 8 months after purchase

B

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
202
26
28
70
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.