Tag Archive for: appraisal shortfalls

Using PMI To WAIVE Appraisal Contingencies

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Many homebuyers do not realize that PMI can be an option for those who might want to make offers with no appraisal contingencies. This, of course, is a great idea, […]Read More

How To Use Single Premium/Lump Sum PMI To Cover Appraisal Shortfalls

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Recently, I blogged about why Private Mortgage Insurance is “Awesome,” pointing out why its stigma from the 1990s is so underserved. One of the many benefits of PMI is using […]Read More

Covering Appraisal Shortfalls

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In January, I blogged about 5 Options When Appraisals Come In Low: 1) Rebut the appraisal; 2) Bring in the extra cash necessary to make up the appraisal shortfall; 3) Change financing to a lower down payment option, to free up cash to make up the shortfall; 4) Negotiate a price reduction with the seller; and 5) Order a new appraisal.Read More