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Appraisals

What factors have a negative impact on appraisals?  I would like to refinance and will need a new appraisal; however, we are in the process of remodeling a room of the house.  Should this be completed before having the appraisal?
  • May 24 2009 - Harahan
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Answers (4)

Thank you! ... Did you give me a thumbs up flag, Phyllis? :>)
  • May 24 2009
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good answer rudi!
  • May 24 2009
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For a conventional loan it must be completed prior to application. Now if it's a conforming loan even your mortgage broker can't pick the appraiser. Don't spend any money beforehand on that. .... Best wishes, Rudi
  • May 24 2009
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I don't do loans, however I would have to say yes finish the remodel, before the refi
  • May 24 2009
  • 0Yes

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