Understanding Appraisals When Refinancing

Understanding Appraisals When Refinancing

Mortgage rates are low right now, and you may be inspired to refinance to get that lower rate, get a lower monthly payment, or even take some cash out of your equity. If you do decide to refinance your home, your lender will most likely require an appraisal to determine the value of your home and decide what your loan amount and new monthly payment will be. Continue reading “Understanding Appraisals When Refinancing”