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Reply to "Question about PMI and refinancing"
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[quote=Anonymous]You can take some control of the appraisal process. Call you realtor and ask them to run comps for you. Find the 3 that best match your home with the highest value. Find the 3 worst comps in the neighborhood. Use nothing over 6 months old, 3 months is better. When the appraiser arrives give him the 3 you consider the best, along with a written rationale as to why they are the best comps to yours. If any of the comps are particularly bad, have a written explanation as to why they shouldn't be used. Appraisers aren't lazy, but if you can give them paperwork saving them 30 minutes of time, they will use it and you will benefit from it.[/quote]
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