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Real Estate
Reply to "Question about PMI and refinancing"
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[quote=Anonymous]I should have added that you can borrow less than what you owe and make the rest up with savings in order to avoid PMI. And depending on your credit rating, bank and income, you can take out one mortgage for 80% of the appraised value and another for the difference. The second mortgage will e at a higher rate, but probably not much higher.[/quote]
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