Grandma’s offering us her house for significantly less than the appraisal but.. My husband doesn’t love the area. We live in a metropolitan area and this would be an hour move to a rural area. We both just got significant raises and could 100% afford this home. It wouldn’t affect our jobs as we’re both WFH. We aren’t totally against the idea but l’d love to know if we would be dumb to give up the opportunity. We’ve never be…

Got rid of PMI with appraisal My wife and I bought our house 7 years ago for $245k with a conventional 97 loan (similar to an FHA). Because it’s a low down payment plan, we had pmi, and a pretty sizeable monthly payment at that. Our PMI was $227 a month, making our monthly mortgage just over $2k a month with property taxes and insurance and all. With the conventional 97 and …

Any downside to getting appraisal to remove PMI? Hello! My wife and I purchased our dream home in 2021. Unfortunately we had to get PMI due to not having a large enough down payment. The bank requires at least 2 years of PMI, and now our house has an estimated value high enough to push us over the 25% ownership requirement to remove it. We need to have the banks appraiser come out to do their…

Hopefully a quick re-fi question: should I bother cleaning up and making repairs before my scheduled re-fi home appraisal? I’ve got a cash-out re-fi pending right now, and I’m just about to schedule the appraisal. Unfortunately my house is a mess (not trashed, just cluttered) and my landscaping is torn apart because I’m in the slow process of replacing my front lawn with hardscape and planters/shrubs, so it looks horrible. I’ll certainly make everything accessible f…