12-16-2003, 04:33 AM
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 Re: PMI Advice In article <a586d8cf.0312151449.7b0f8e26[at]posting.google.com> , Russ <russ[at]russ.net> wrote: - quote - > My house appraised at $125,000 not too long ago. I owe $106,000
Yes and Yes. With H/E loans at 5% right now, it makes sense to> making my LTV 86.8%. The bank says I need to pay either $8000 or get > my house appraised at $135,000 (probably out of the question right > now.) > Should I pile every extra dollar I can get my grimey hands on into > getting my LTV down to 80%? My PMI is $45/mo, and I have no emergency > savings right now. I hate to keep wasting $45/mo!!! Would a home > equity loan be a smarter choice to get it paid down??? pay down what you can, and get a H/E loan to cover the rest. Then work to pay off of the H/E loan before it can adjust much higher as interest rates go up. -john- -- ================================================== ================== John A. Weeks III 952-432-2708 john[at]johnweeks.com Newave Communications http://www.johnweeks.com ================================================== ================== |
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#-1
12-15-2003, 10:54 PM
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| PMI Advice My house appraised at $125,000 not too long ago. I owe $106,000 making my LTV 86.8%. The bank says I need to pay either $8000 or get my house appraised at $135,000 (probably out of the question right now.) Should I pile every extra dollar I can get my grimey hands on into getting my LTV down to 80%? My PMI is $45/mo, and I have no emergency savings right now. I hate to keep wasting $45/mo!!! Would a home equity loan be a smarter choice to get it paid down??? |
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| advice, pmi |
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