Topic: Refinance Appraisal
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Answers to Common Questions
How to Refinance With No Appraisal
You can refinance your home without an appraisal by getting a FHA Streamline Loan. These loans are insured by the Federal Housing Authority (FHA) and can only be provided by FHA-approved lenders. You must first check to see if you satisfy t... Read More »
Source: http://www.ehow.com/how_6660017_refinance-appraisal.html
How to Prepare a House for Refinance Appraisal
Refinancing your home includes many steps. Lenders will want to be certain that your home holds the value you wish to borrow. They will look for the home value to be greater than the amount of your loan. To determine the value of your home,... Read More »
Source: http://www.ehow.com/how_6523806_prepare-house-refinance-appraisal...
How to Refinance for a Lesser Appraisal Value
Refinancing your home for a lesser appraisal value is either very easy or very hard. If your reduced appraisal value is still higher than the amount you want to finance, the process is just like any other refinancing. If your reduced apprai... Read More »
Source: http://www.ehow.com/how_5859079_refinance-lesser-appraisal-value....
More Common Questions
Answers to Other Common Questions
Are you prevented from refinancing your home loan by a loss in value? You may qualify for a streamline home loan from your current lender.
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Source: http://www.ehow.com/how_4736458_streamline-mortgage-refinance-new...
Your mortgage refinancing options are limited if you have a low credit score, since most lenders require a minimum score of 680. What's more, if a home appraisal determines that you owe more than your house's worth, many mortgage companies ...
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Source: http://www.ehow.com/how_11368432_refinance-low-credit-owing-house...
Appraisers have a strong advantage when performing purchase appraisals versus those for mortgage refinances: selling price. All real estate values are estimates, except those that result in a buyer and seller completing an "arm's length" (n...
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Source: http://www.ehow.com/how_6516894_refinance-appraisal-faqs.html?ref...
The opinion of value in an appraisal is considered to be the most likely price that a house would bring on the open market with an informed buyer and seller. (2) The term "real" refers to real property as opposed to business values or some ...
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Source: http://answers.yahoo.com/question/index?qid=20070718165050AAkZi9y
You can take three steps to make sure that you do not get stuck with an inaccurate appraisal too low for you to refinance. First, do your own homework and research your own comparable sales. Perhaps your Realtor could help you access a list...
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Source: http://activerain.com/blogsview/1667755/home-refinance-appraisal-...
A certified appraiser is selected by the financial institution and he will look for comparable sales to support the appraised value. The comparable sales should be of similar homes, sales that took place within the last 6 months and within ...
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Source: http://www.answerbag.com/q_view/1607801
You need only one appraisal for a conventional refinance loan. Appraisers are licensed professionals, so only one is needed. However, the lender may want to choose the appraiser or approve your appraiser. References: Bnet: 10 Appraisal Tips...
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Source: http://www.answerbag.com/q_view/2206297
