Sentences with phrase «appraised value decreases»

If it has gone down, the appraised value decreases, no matter what you paid.

Not exact matches

If the appraised value of your home decreases after you purchase it, your CLTV would use that smaller number and thus go up.

If home value's decrease in your area, dragging down your home's appraised value, you could risk a loss when you go to sell.

You can request removal of the PMI if your LTV ratio reaches 80 % earlier than the scheduled date because you have made extra payments etc. but the lender is not required to grant this request without further ado; the lender is allowed to ask you to pay for an appraisal to make sure that the house has not declined in value in the mean time and so you actually are at 80 % LTV, and can decline the request if you refuse to pay for the appraisal or if the appraisal shows that the value of the has decreased and so you are not actually at 80 % LTV as per the new appraised value.