Related Posts
Hello everyone, EY GDS Consulting is hiring for multiple roles across all GDS locations. (Project management, operations, business transformation, technology, digital emerging technologies, cloud, testing, IFRS, etc) Please share your resume to georgeshijoth@gmail.com for referrals. PS: please do not share your resume if you have already shared your resume to any EY staff.
Additional Posts in Personal Investment Chatter
Any thoughts on ARKK and MGK ?
Best investment book recommendations?
New to Fishbowl?
unlock all discussions on Fishbowl.
Pay your mortgage balance down to 78% of purchase value, or be reappraised at a high enough value to make your LTV 78%. Might be 80 but same idea
Thanks, really helpful.
That said, it’s not a percent. You should not pay extra per month until you can pay a lump sum down to the threshold. PMI is a step function
Yea eventually once you pay a certain amount of your mortgage it naturally comes off
🙄
Marry a veteran or doctor
Also wondering the same thing...
Different mortgagers will have different requirements in the specifics which change over time. When I ask Wells Fargo, they mailed me a list of options. (Why they couldn’t just tell me over the phone idk). None worked for me at the time. A few years later they changed their policies and I was able to get out of it.
To remove my PMI, I had to pay for an appraisal. TBH, even though my lawyer told me that the $600 PMI would come off my monthly payment after 3 years, it was really only about $40/month less on the mortgage payment.