East GR has not escaped the vagaries of the market. The refinance loans that I have done have done in the past 6 months have shown a 20-25% reduction in value. Many of these were refinances of my previous customers where I had the previous appraisal on hand to compare. Certainly can't tell you that yours would be the same but don't see why it wouldn't unless it had substantial improvements etc. I can refer a local agent familiar with the market to do a comparable search for you.
Roger Danielski, Loan Officer
616-242-9790 x 9275