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      08-26-2014, 01:30 PM   #4
talisman311
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Drives: e90
Join Date: Jul 2009
Location: Richmond, VA

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I don't know how average people are able to afford these houses. My 1400 sq ft house 2 br, 2 ba house is 256k w/ all updated appliances and granite counter tops/vanities throughout.

Anyway, the house is 'worth' what the market will pay. If you're paying for pmi and the house was valued 55k higher, you might be able to use that to your advantage by getting a home equity loan to pay for a down payment to get to 20% down. Will need to play with #s to see if it's worthwhile.
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2006 e90 330i | Black/Terra | 6MT | ZSP | ZPP | ZCW
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