Feb 28, 2020
7:26:12pm
Banjo All-American
^this. I do pay the appraisal, but by paying slightly higher interest than the
absolute lowest possible rate, the lender gives me a rebate that covers closing costs, which are the whole reason I never refinanced to remove PMI (I didn’t think we’d likely stay in our house long enough to realize the value of the refi). Because we originally had a 4.125%, our new rate still lowers my payment and removes my PMI. All in all, it saves me $300/mo. (so what I pay on my appraisal will be made up for in a month or two).
Banjo
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Banjo
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Aug 9, 2010
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Jun 15, 2024
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2/28/20 5:17pm

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