Zillow Advice RSS: Question-Discussion-Guide,Refinance,Redwood City- CA http://www.zillow.com/advice/Redwood-City-CA/mortgage-refinance/question-discussion-guide/ Zillow Advice search results | Zillow Real Estate Underwriter requiring upgrades for refinancing http://www.zillow.com/advice-thread/Underwriter-requiring-upgrades-for-refinancing/470982/ I hope someone can help me understand this.<br/><br/>We bought our home in 10/09 and Wells Fargo financed our loan at 5.25%.&nbsp; Rates dropped a year later and we did a no-cost refinance again through Wells Fargo in 11/10.&nbsp; The house went up in value from $625k to $660k. Our rate dropped to 4.875%.&nbsp; In 10/12 I started the refinance again and locked into a 3.875% rate.&nbsp; <br/><br/>Our trouble is after the appraisal (which actually brought our value up to $830k), the underwriter is now mandating we do improvements to the property to finalize the loan based off of the appraiser's comments that is being used more like an inspection.&nbsp; We did not have a garage door on our 2 car garage, so we had to spend $1000 to get a door quickly installed.&nbsp; Now we are told our heat source is considered "inadequate for the market." We have a gas fireplace insert that heats the area we use the most just fine (and cost $3000), but the underwriter is demanding we put in another heat source for our 1400 square foot home.&nbsp; We live in the Bay Area of California and it just does not get that cold here. We are not planning on selling the house. <br/><br/>Everything else is in order (LTV ratio, income, credit) and the house is in good condition.&nbsp; Are the underwriter's actions appropriate? And if not, is there any recourse?<br \><br \>6 replies Tue, 11 Dec 2012 04:15:00 GMT http://www.zillow.com/advice-thread/Underwriter-requiring-upgrades-for-refinancing/470982/ 2012-12-11T04:15:00Z