3 Tips to Maximize Your Refinance Appraisal Keep these strategies in mind if you are hoping to get the highest appraisal value on your home before a refinance. There are many reasons to refinance your home: you might be seeking a lower interest rate on your loan; perhaps you want to change the type of mortgage or the terms of your mortgage.
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If you can. your credit score is one of the most significant ways to get a better refinance rate and bring down both your monthly payments and your total mortgage costs. data from myFICO.com, with.
So, if home values have grown significantly since you bought the place, a refinancing appraisal may reveal that you have a higher percentage of equity in your home. If you financed with less than 20 percent down, this appraisal could help you get rid of PMI.
Lower LTVs get you lower interest rates, and that’s why achieving a higher home appraisal can save you money on your mortgage. Verify your new rate (Sep 2nd, 2019) Read Next