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Oct 19, 2021
3:21
:50
pm
BYUFBDAD
All-American
you don't necessarily need to refinance to drop PMI, you can do it with an
appraisal.
At least you used to be able to. Lending isn't my game.
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BYUFBDAD
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BYUFBDAD
Joined
Dec 11, 2010
Last login
Apr 24, 2024
Total posts
18,722 (1,234 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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