B Bratley1055 Guest May 11, 2020 #1 Can I use the current market value when I refinance. Trying to get rid of mortgage insurance and lower my rate
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 May 16, 2020 #2 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.
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.
