Hello all just wanted to ask all the lovely people for some future advice. How do you know if you should refinance or not?
I just recently bought a condo and was told condos have a higher interest due to risk. Does this risk ever go away if I get the LTV to a certain point? How do I know what rates are going for currently? Most sites gives me the rate for a single family home not condo if any different.
Lastly how do you estimate the appraisal value of your home. Say a year from now I want to know if I reached 80% LTV so the mortgage insurance falls off. How would I know or do I have to get an appraiser and hope for the best