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Janice,
The answers provided to you have been great. If you'd like further information, I'm a Mortgage Banker for all 50 states and I'd be happy to offer you free advice or quotes regarding refinancing. Feel free to contact me through my website listed below. Mon Aug 6 2007, 08:34 Web Reference: http://www.tonymarks.com
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I like Herman's answer for this reason: the bank's appraiser will be more conservative than you will be when looking for the right comps. If the appraisal comes back lower than you hope, I wouldn't try to supply my own comps in an effort to persuade the bank to lend me more money. With most local housing markets being somewhat shaky right now, the last thing you want to do is dig yourself a hole by borrowing too much. Be very careful pulling equity out of a potentially depreciating asset. If your market is down right now, values will eventually bounce back. But what if you need to sell unexpectedly in the meantime?
Sat Aug 4 2007, 12:59 Web Reference: http://rayandpaul.com
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If your refinancing through a bank, then they will provide an appraisal.
Sat Aug 4 2007, 12:46 Web Reference: http://keyes.com/herman.chang
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Contact me and I can help you with this. All my information is on my web site.
Sat Aug 4 2007, 07:45 Web Reference: http://www.chantrealty.info
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FIRST ANSWER
Your question is kind of vague! Are you trying to compare prices to see what your home is worth to know what the equity is?
Sun Jul 22 2007, 18:41
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