REFI.........conspiracy?

RACER X · 04-29-2009, 05:49 PM

so there are 2 workmates here trying to refi their house.

both put $ down, 10% and 20%

both w/ BofA

both had appraisers commisioned by BofA

both appraised at under what they even owed. know i now the markets down, but more then 20% in TX is not realistic (or is it)? they've both lived in their respective houses for ~3yrs.....

good area's........

and what happens is if, if they go w/ the "appraised" value , they have to pay PMI...

04-29-2009, 05:49 PM	#1
RACER X AMA Supersport Join Date: Nov 2008 Location: Richmond, Tx Moto: '10 Tuono Factory Posts: 4,569	REFI.........conspiracy? so there are 2 workmates here trying to refi their house. both put $ down, 10% and 20% both w/ BofA both had appraisers commisioned by BofA both appraised at under what they even owed. know i now the markets down, but more then 20% in TX is not realistic (or is it)? they've both lived in their respective houses for ~3yrs..... good area's........ and what happens is if, if they go w/ the "appraised" value , they have to pay PMI... __________________ ΜΟΛΩΝ ΛΑΒΕ 2014 GROM! 181cc of FURY 2010 Aprilia Tuono Factory - SOLD 2009 SFV Gladius - SOLD 2008 Hayabusa - SOLD.