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aliwnec10
mom of 3 boys
Member since 4/06 11426 total posts
Name:
Ali
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refinancing question- appraisals
If you refinanced recently, did you have to get another appraisal? Did you have to get it before you got a quote?
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Posted 3/18/09 11:50 AM  |
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kmr6107
LIF Toddler
Member since 7/07 463 total posts
Name:
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Re: refinancing question- appraisals
You have to get a new appraisal. Our appraisal was done after we locked in our rate.
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| Posted 3/18/09 11:59 AM |
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-Lisa-
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Member since 5/05 6530 total posts
Name:
Lisa
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Re: refinancing question- appraisals
most banks will require their own appraisal. Occasionally they'll use a prior appraisal if it was done within 90 days.
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| Posted 3/18/09 12:32 PM |
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VickiC
Rocking the party
Member since 5/05 4937 total posts
Name:
Vicki
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Re: refinancing question- appraisals
Yep, we are making the appointment this week with the appraiser. We just locked in last Friday.
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| Posted 3/18/09 12:59 PM |
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mcl916
my two loves
Member since 10/06 5133 total posts
Name:
Megan
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Re: refinancing question- appraisals
Yes, we had ours done before we re-fi'd.
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| Posted 3/18/09 1:09 PM |
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aliwnec10
mom of 3 boys
Member since 4/06 11426 total posts
Name:
Ali
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Re: refinancing question- appraisals
but not before you locked in right? Not before you were given the numbers, etc?
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| Posted 3/18/09 1:12 PM |
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MaMaTeenie
Party of 5
Member since 4/08 6489 total posts
Name:
Mommy
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Re: refinancing question- appraisals
Actually, appraisals are good for 120 days, but would need a recert after 90 days. It is usually very difficult to get one lender to endorse their appraisal over to another lender. If you used a broker they should know their appraiser well enough to get them to sign it over without much hassle.
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| Posted 3/18/09 1:52 PM |
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2kids2cats
My babies
Member since 6/05 5229 total posts
Name:
f
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Re: refinancing question- appraisals
We are doing it right now, refinancing and we waited till after the appraisal to make sure it appraised first.
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| Posted 3/18/09 1:55 PM |
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