Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I'm wondering if anyone knows...
If you have a mortgage on a house and didn't have PMI because you had 20% down but the value of the property is now either at or below your mortgage, can the bank come back and tell you they want PMI involved?
This has come up because I received a letter from my bank stating I'm under insured for homeowners insurance according to the loan configurations. They are going by the value of the house 2 years ago. My insurance is based on the replacement costs of the house in todays market. So, I'm trying to figure out if I should just up the insurance and pay for it or let the bank know..yo...times have changed.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
