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3 Reasons Why an Appraisal Comes in Low

Boston Appraisal

As of the end of October 2020, interest rates on a 30-year refinance mortgage were averaging around 3.2%. If you decide to take advantage of these all-time low rates, your lender will most likely order an appraisal. What happens if the new appraisal is less than original one? Have you jumped on the refinance bandwagon?

Appraisal 148
article thumbnail

3 Reasons Why an Appraisal Comes in Low

Boston Appraisal

As of the end of October 2020, interest rates on a 30-year refinance mortgage were averaging around 3.2%. If you decide to take advantage of these all-time low rates, your lender will most likely order an appraisal. What happens if the new appraisal is less than original one? Have you jumped on the refinance bandwagon?