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Updated over 3 years ago on . Most recent reply

User Stats

17
Posts
3
Votes
Frederick Peregrino
  • Rental Property Investor
  • Las Vegas, NV
3
Votes |
17
Posts

How to remove PMI with current market?

Frederick Peregrino
  • Rental Property Investor
  • Las Vegas, NV
Posted

PMI removal on Conventional loan bought in February 2019 for $400K but refinanced back in Dec 2020 which than appraised for $430K.

Since market values have been increasing and with local Comps sold at $475K to $490K.

What are options on removal for PMI in Las Vegas.

Lender advised to do a refi/appraisal to see if home appraises high enough to remove. Please advice thanks.

Future plans is to rent Primary and try buy and live into a new primary to increase rental properties.

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