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Profile picture for starryknight

Home appraised at $175,000 above what we own 2007 w/addition. What will it appraise today?

I mean above what we owe.  If we refi now, will appraisal go down? No real comps here.
  • March 04 2009 - Kenai
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Answers (1)

Profile picture for SoCal Engr
I read your question as...

"Our house appraised in 2007 for $175K above what we owed. What will it appraise for today?"

My guess is "yes", as most houses have dropped in value. How much it may have dropped depends on when in 2007 it was appraised. If you're serious about a refi, pulling the trigger sooner is better (assuming you can get the necessary rates/terms).
  • March 04 2009
  • 0Yes

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