Realtor, Broker, CRS, ABR, CNE, ASP (23 years experience)

Specialties:
Buyer's Agent,
Listing Agent,
Relocation,
Foreclosure

Advice

  • (20 Contributions,
  • 0 Best Answers,
  • 1 Helpful)

Contributions are sorted newest to oldest.

Why am I still paying PMI how can I force the bank to drop PMI

Answer

It's all in the loan to value ratio.  I got rid of the PMI on my first home a year after I bought it by having an appraisal done.  I was required to pay PMI for a year, then the appraisal showed I had 20% or more in equity.  It depends on the loan program & the lender.  I've been told by clients that they're required to pay PMI for 2 or more years as a condition of their loan... I suppose they could just refinance if the value is high enough.

  (0)
Why am I still paying PMI how can I force the bank to drop PMI

Answer

It's all in the loan to value ratio.  I got rid of the PMI on my first home a year after I bought it by having an appraisal done.  I was required to pay PMI for a year, then the appraisal showed I had 20% or more in equity.  It depends on the loan program & the lender.  I've been told by clients that they're required to pay PMI for 2 or more years as a condition of their loan... I suppose they could just refinance if the value is high enough.

  (0)
What is included in square footage

Answer

In Massachusetts GLA is heated, finished space above grade.  In a cape an upper level room would be limited to the area with ceiling height of 5' or more.  On rare occasions an appraiser might call a home a "slab" and include a finished lower level.

  (0)
What is included in square footage

Answer

In Massachusetts GLA is heated, finished space above grade.  In a cape an upper level room would be limited to the area with ceiling height of 5' or more.  On rare occasions an appraiser might call a home a "slab" and include a finished lower level.

  (0)
How do I enter an Open House

Answer

If you enter a listing, then pull up the listing there's an "edit" button below the main photo. Click that edit button and you'll get a drop down list which includes "add or edit open house" Good luck!

  (0)