If you’re thinking about refinancing you may be hesitating because you are intimidated by the process. The mortgage industry collapse and unpredictable financial markets have created some new obstacles for borrowers. However, these hurdles can be overcome with a little research and preparation.
How much can you SAVE with today's crazy low mortgage rates? Find out now!
Tag Archives: Appraisals
Thinking About Refinancing? How a Conventional Refinance Could Save You Money.
Homeowners who currently have an FHA loan may find that refinancing into a conventional mortgage can reduce their monthly housing expenses. Conventional loans often have [...]
The Age of 2 Real Estate Appraisals
Sometimes, 2 appraisals could be required to process your loan. It's to protect you and your lender.
How Do You Get the Best Appraisal? And Who’s to Blame if it Comes in Low?
How to Get the Best Appraisal and Who to Blame for a Low Valuation. Mortgage companies and mortgage bankers actually have nothing to do with the appraisal process. Appraisals are typically handled through the title company and appraisers are often selected from a network of appraisers with which the title company is affiliated. They’re an unaffiliated third party. Often times, there’s confusion because the homeowner is informed about the cost of the appraisal by the mortgage company/banker, when actually there is no mutually beneficial relationship.
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