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Reply to "How can I refi with less than 20% equity?"
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[quote=Anonymous]We're refinancing with our current lender, even though we only put 10% down when we bought 2 years ago (we pay PMI). Our goal is to get the appraisal, put down whatever we need to to get rid of the PMI (if we can, based on the appraisal), and then do the refi with 20% equity. However, the lender is allowing us to refi even if we don't plunk down the chunk of cash. We'll see what happens.[/quote]
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