How can the appraised value of a home be ok with a mortgage lender yet be too high for a PMI company?
Written By: admin on November 7, 2009
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The conventional mortgage with 90% ltv for a home I am buying next week has been approved by the mortgage company based on the appraisal the mortgage lender sent out but the PMI company believes the home is worth about 000 less than the appraiser says it is worth. What gives? If this breaks the deal can I get my money back for the appraisal? (5) The home is in Pike county, PA
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