Random, yet important questions homeowners have asked me about refinancing are here, with my answers. Feel free to browse through these questions and read the answers for the ones that interest you. Don’t skip the last question, as it is for every homeowner.
Q: “My refinance was going great until the appraisal report came in. The value assigned by the appraiser is unrealistically low. Do I have any recourse?”
A: Declined values have hit homeowners hard, and most people are surprised to learn what their current value is. However, if you truly believe the value is incorrect, follow these steps:
• Ask for a copy of the appraisal report, and then study it for accuracy. Make sure the number of rooms, age, ...