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srvntjacque

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Post Posted: Thu Apr 16, 2009 2:02 pm    Post subject: martgate appraisal
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I am considering having my home refinanced but have a question...."If the home is appraised for more than is owed, I consider that good...I belevie the benefits my escow But does that affect a financially favorable refinancing....?
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smith.sussane




Joined: 18 Sep 2008

Posts: 10030
Location: Alaska
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Post Posted: Thu Apr 16, 2009 7:28 pm    Post subject:
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Hi srvntjacque!

Welcome to forums!

If your property is appraised for more than what is owed, it means that you have equity in the property. A lender will refinance your property only if there is equity in it. Thus, it will effect your refinancing in a positive way.

Feel free to ask if you have further queries.

Sussane
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