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Oct 19, 2021
3:21
:36
pm
Plato
All-American
Depends on the lender, mine just increased the value with no appraisal last year
when I refinanced.
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Plato
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Plato
Joined
Mar 21, 2017
Last login
May 5, 2024
Total posts
19,908 (474 FO)
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Messages
Author
Time
Question on refinancing out of a PMI
LeonMarek
10/19/21 3:19pm
it's either an appraisal or if the lender's internal metrics show its
Hsaru
10/19/21 3:21pm
Most MI companies aren't allowing the MI to drop off before two years right now.
The Godfather
10/19/21 3:22pm
Yep, we just tried. I'm in a similar situation to OP
letthewookieewin
10/19/21 3:23pm
Depends on the lender, mine just increased the value with no appraisal last year
Plato
10/19/21 3:21pm
you don't necessarily need to refinance to drop PMI, you can do it with an
BYUFBDAD
10/19/21 3:21pm
Not within a year of purchasing the home or getting a new loan.
Superman21
10/19/21 3:30pm
We refinanced twice this year and no longer have PMI
wannnacruise
10/19/21 3:28pm
I refinanced earlier this year out of PMI after just a year in the home. The
Salami Karate
10/19/21 3:33pm
BM Mulletino! Depending on your current rate, it may be possible to refinance
AFewThoughts
10/19/21 3:35pm
We refinanced through Mullitino about a year ago. I still haven't found anyone
scottfunkel
10/19/21 5:01pm
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