Profile picture for user5864847

whats the best rate i can get if i dont want to pay for an appraisal

whats the best rate i can get if i dont want an appraisal
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 09 2013 - Hartford
We think we've answered this question for you!
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
 
 

Answers (6)

Pay for the appraisal. You will be paying an up front fee of 350-450 but you eliminate mortgage rate adjustments the lender will use to cover the cost. The savings of a lower interest rate over the amortization cycle of a loan will always exceed the cost of the appraisal. Or your loan is streamline eligible and an appraisal waiver is allowed... :) Otherwise I don't suggest waiving the appraisal and adjusting the rate higher unless a borrower plans on selling the house in five years or less... Most of the time though, a lower rate is always more beneficial to a borrower.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 09 2013
Email me the details.  I can waive the appraisal fee on any loan.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 09 2013
Your rate will depend on so many things!

Sometimes you can get a rebate for your appraisal fee if you choose a slightly higher interest rate.  
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 09 2013

The same rate that you have on your existing loan.   (Unless you have a loan eligible for Streamline or Appraisal Waiver)

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 09 2013
That's going to depend on several different factors such as your credit score, loan amount, assets, and current equity.  Do you know what type of loan you currently have? Is it conventional or FHA? There's programs that don't require an appraisal. On the other hand, if one is needed, there are lenders out there that would be happy to cover the appraisal cost for you.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 09 2013
There are only a few loans that can be done w/out an appraisal, hit the post reply button and explain what type of loan you are doing.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 09 2013
 
Related Questions
whats the best rate i can get if i dont want to pay for an appraisal
Profile picture for Patrick DeHaven
Latest answer by Patrick DeHaven
January 09 2013 | 6 answers
Mortgage Rates
 
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.

Homes for Sale
  1. 26798 Meadow Ln, Hartford, SD Home For Sale
    26798 Meadow Ln, Hartford, SD 57106

     For Sale: $144,900

    • Beds: 4
    • Sqft: 1428
    • Baths: 2.0
    • Lot: --
  2. 46270 268th St, Chancellor, SD Home For Sale
    46270 268th St, Chancellor, SD 57015

     For Sale: $405,000

    • Beds: 4
    • Sqft: 2800
    • Baths: 3.5
    • Lot: 435600
  3. 26508 465th Ave, Hartford, SD Home For Sale
    26508 465th Ave, Hartford, SD 57033

     For Sale: $749,000

    • Beds: 5
    • Sqft: 4680
    • Baths: 5.0
    • Lot: 203860
 
 
 
Sign in with Google