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navymom99
Guest
I am buying a condo in FL
If the appraisal comes in lower than the mortgage I asked for, I wish to decline PMI. I have several questions:
1) can the contract be broken and my escrow returned under the above conditions?
2) can the contract be renegotiated with a lower offering price and if declined will my escrow be returned?
3) should I consider paying cash for the property and then getting a home equity loan as opposed to a mortgage?
4) are there any other strategies to employ?
TIA
If the appraisal comes in lower than the mortgage I asked for, I wish to decline PMI. I have several questions:
1) can the contract be broken and my escrow returned under the above conditions?
2) can the contract be renegotiated with a lower offering price and if declined will my escrow be returned?
3) should I consider paying cash for the property and then getting a home equity loan as opposed to a mortgage?
4) are there any other strategies to employ?
TIA