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Guest
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 Posted: Mon Dec 15, 2008 10:09 am Post subject: what to do if appraisal doesnt come in high enough for the r |
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| is there anything to do if the appraisal doesnt come in high enough to refinance |
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 gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 9767
Location: bloomfield, ct
38.46 Dollars($)
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| Posted: Mon Dec 15, 2008 1:42 pm Post subject: |
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just keep paying your mortgage. in this market, that's not going to be a surprise if it happens.
_________________
George M. Akerley
Loan Consultant
860-221-5044 |
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jameshogg
Joined: 20 Dec 2005
Posts: 5167
Location: nevada
645.98 Dollars($)
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| Posted: Mon Dec 15, 2008 7:51 pm Post subject: |
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Hi Guest,
If the appraisal is not high enough for refinancing, then the lender will not be ready to refinance the property. In that case, I don't think you will have anything much to do. You should follow George's advice and keep on paying your mortgage dues.
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