Good luck and congrats on your purchase!!
Shane Milne | Lending in all 50 states | NMLS #81195
shane@thebesthomeloans | 949-273-4161 direct
Have your buyer's agent give you a list of comparables in great condition.. that way you can estimate what your property will appraise for after it is renovated.
Good luck and congratulations!
The new lender does not have to accept the appraisal from the previous lender. Yes, if they order a new appraisal, they will disregard the first appraisal.
Elva A. Wormley
Office (408) 615-8500
C2 Financial Corporation
2845 Moorpark Avenue, Suite 209
San Jose, CA 95128