Is PMI insurance required on a refinance if a home equity be added after the first mortgage?
Ask the lender.
maybe. If the loan amount is 80% of the appraised value or more yes but for then no. Now if going FHA then it will be required even if smaller amount than 80% for 60 months at least and then it is call MIP rather than PMI
Related Questions:
maybe. If the loan amount is 80% of the appraised value or more yes but for then no. Now if going FHA then it will be required even if smaller amount than 80% for 60 months at least and then it is call MIP rather than PMI
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