We are seeing a major refinancing boom! With interest rates at three-year lows, many of us are taking advantage of this time to refinance old loans or cash out for property improvements.
If you are going to refinance, an appraiser will come out and give you a new valuation of your property. I often hear from my clients that they didn’t get the value they wanted when the appraisal came back. There is a simple reason for that.
When you refinance, the appraiser does not know the number you want or need to make the numbers work for your situation. They will work their calculations and provide a conservative value of your home. To better the chances of getting the valuation you need, give me a call and I will meet your appraiser for you and supply them with comparable sales in your neighborhood.
If you have any questions, I am always available. Shoot me a text or reply to this email. I would love to hear from you!