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Updated almost 2 years ago on . Most recent reply

Jonathan Rabot's profile image
Jonathan Rabot's profile image
Jonathan Rabot
  • Member since May 12, 2022

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7
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Jonathan Rabot's profile image
Jonathan Rabot's profile image
Jonathan Rabot
  • Member since May 12, 2022
Jonathan Rabot
1
Votes |
7
Posts
Starting Out

Renovation & PMI Removal

Jonathan Rabot
Posted

Hello,

Quick question we are in the process of adding ADU to our SFH. Have not yet started renovation but do have plans. Using a HELOC loan for financing. House was appraised using ARV.

Can I use this appraisal now to remove PMI or does the renovation have to finish? And would I need another appraisal thereafter to request removal of PMI.


thanks for the help! 

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