With mortgage rates amazingly low right now, it’s no surprise that many homeowners are looking to refinance to a mortgage with a lower rate. One of the most important factors regarding your ability to refinance is your home appraisal. Knowing how home appraisals work may be the key to understanding how the value of your home is calculated. Here is a quick recap of the appraisal process.
Each Monday in March, we encouraged you to watch HGTV’s Love It or List It for a chance to win $50,000 in HGTV’s Mortgage Madness Watch & Win Sweepstakes presented by Quicken Loans.
We also promised to let you know the winners of the weekly cash prize – and we don’t want to keep you waiting another minute!
These four lucky winners will be using their newfound $50,000 to pay off their mortgage, make home improvements or find a new place to call home:
- Brian M. from Arizona
- Connie D. from Maine
- Maria P. from New York
- Roberta M. from California
Congratulations to the winners and a big thanks to everyone who participated in Mortgage Madness, we hope you enjoyed playing along!
We’ll be sure to let you know about other great opportunities to win cash and prizes throughout 2013, so visit the Quicken Loans Zing! Blog daily for tips about home, money and life!