Updated about 8 years ago on . Most recent reply
Refinancing- increasing appraisal value
I am attempting to increase my homes value 5% in order to refinance to remove the PMI. If I can prove 12 months of rental income from my basement tenant, is it likely that will increase the value during the appraisal?
$375k value last appraisal. $600 month rental income for past 3 years. Last appraisal I never mentioned it to the bank or the appraiser.
Thank you!!
Christian