Check Press.
Wow! Em! That's awesome! Amy & Joe, ya dun good! Got a winner there!
Wow. Crazy good emails today. Got home, and reading emails. Two condos sold in my development. One for $25k more than what I paid for mine, and the other for $18k more! At what point do I try and re-fi to get rid of the PMI? I only put 5% down, so they are charging me a monthly insurance rate in case I default. I think the magic number is 20% equity. Anyone know?
when you can get it to 20% equity, that is usually the magic number.
At what point do I try and re-fi to get rid of the PMI? I only put 5% down, so they are charging me a monthly insurance rate in case I default.
Well, having PMI was somewhat helpful in getting the credit union to agree to a short sale. The PMI company wasn't wild about having to make good on their policy, but they did. So, I'm glad(ish) I had PMI otherwise my only other option would have been to default.
Aims, if you're willing, that would be a great thing for the good stuff tumblr.
Omnis, if yours is an FHA loan, there are very narrow and specific rules about getting rid of PMI. For example, you can't get out of PMI before 5 years and you definitely can't get that 20% equity just by appraisals/refinancing.
I loved that Em story so so much.
Emeline, you go girl! Good job.
Emeline!! That is just so sweet! What a great idea!!!
Aw, Emeline! That put a big smile on my face. Aims & Miracleman, that's one bighearted, beautiful kid you've got.