All Forum Posts by: Jordan Bradberry

Thank you. My concern is losing my 3.5% interest rate, If I have to refi. I am likely to have a 4.85% rate on the refi just to drop a $130 PMI. Am I able to drop the PMI without re-fi?

Thank you all. I’m am indeed in a conventional loan. However I’ve reached out to my Previous lender and she stated the equity would be considered paper equity and I’d need to physically pay in 20% on my own before they’d remove PMI. I was also told I’d need to wait 2 years by Law???

Hello, All- I purchased a condo in my city for 134k after my 5% downpayment. Because of that I have PMI. I have been in my unit four 16 months now. In the last 16 months there have been multiple units selling in my building for 175K +. Although I am on the first floor I have done some renovations to my unit. A friend of mine who’s a realtor is telling me I have major equity. Please see questions below. 1. How do I get rid of my PMI? 2. And I secure a HELOC from my equity?

Great thanks for the info. My realtor is telling me that because they don’t last long on market or never sell it’s hard to find true value. She seems to think I could sell it for 230k easily.

Hello everyone I recently purchased a duplex at 183K; this was after my 3.5% down on an asking price of 190K. The duplex was an off market deal given to me by a friend the appraisal came back at a value of 194K should I be worried?

Hello all. I just purchased a new duplex for 183k after down payment. The apprised value came back at 194k. I know it’s worth more... Should I be concerned?

Nice! Good luck with everything!