Bought my home in 2007 with 20 % down. Never wanted to have to pay PMI. With current home values I may only have 10% equity now. Can the lender require PMI under these circumstances?
The annual notice I received from my county (which affects my property taxes) has my home “valued at” $161,800. I know for a fact that it would not sell for anywhere near that (might be able to sell it for closer to $140,000 if all necessary repairs were done…repairs would cost around $5K). I feel [...]
I recently bought a townhouse as-is and it appraised for $110. When I’m done painting and replacing all the flooring, the entry way tile and fireplace tile and some of the light fixtures, do you think the appraisal value will increase?
Our town recently reassesed home values. Mine went up almost 70%. I can challenge the revaluation, but I need to know what will help in reducing this.
i know that whenever someone in the neighborhood got their house forclose on them…. it would make the neighborhood houses value to go down…. but how would that affect me if i already bought the house and are not planning on selling it?
can somoene explain to me about home value and why is it important?
Ok Guys, Im new to this whole home buying thing, but I just have a question because I hear about it all the time. When someone refinance a house after a few years, they get a lower rate and they have amassed a good amount of equity both from paying the mortgage and from increases [...]
We recently received an estimate on an outdoor living area which totaled 15% of our homes value. Included concrete work, pergola, and outdoor kitchen (inexpensive grill I might add). This seems a little high to me. Also, what type of return do you typically see on outdoor living areas…We don’t plan on moving [...]
Will creating an organic garden or using eco-friendly paints on my home help with it’s value? I want to do some improvements but keep along the idea of things better for the environment. Are there woods that aren’t chemically treated for floors or building a deck?
I am a 1st time buyer / new home owner who hasn’t even made the first payment yet “Sept. 1st”. I have PMI on my mortgage that I would like to get rid of as soon as possible. Most lenders require a year or two as good payment history before you can drop PMI. I [...]
We’ve starting talking to a lender about refinancing but our lender mentioned that when he looked online the home value for our home was less than we paid for it (we purchased nearly 2 years ago). I’m thinking that since home values have fallen, so have ours. Is there anything I can do to [...]