Home Mortgage Appraisal
is 450.00 too much for a home appraisal?
I am getting ready to refinance and was just told that a FHA home appraisal on a 150,000. loan was going to cost me 450.00 the last appraisal we got 2 years ago was only 300.00 . why is it so high. I am worried Im getting screwed what should I do about it. we are going through a mortgage broker.
We just closed on our house this morning (YAY US) our appraisal was 350.00 and our house was 129,900
Real Estate Appraisal (6 of 6) Quicken Loans TV, Backyard and Conclusion
Hellish home refinancing nears bleak conclusion
Hellish home refinancing nears bleak conclusion
The above mentioned are the basic requirements in order to qualify for a home loan. Secondly, I was interested to know how big a home loan I could get considering Home Mortgage Appraisal. As soon as I knew how much, I could start searching for a house.
Home Mortgage Appraisal
can the home appraisal be submitted along with a signed contract to the mortgage company?
I want to purchase a property I have a city appraiser ready to do the appraisal, can it be sent along with the signed contract to the mortgage company if I choose to buy?
NO and YES.
No your lender may not accept the appraisal provided by the person you contracted. Check with your lender to make sure the appraiser is on their approved appraiser list.
Yes you can get your own appraisal and submit it with the purchase contract. This may speed things up. Make sure your lenders name is listed on the appraisal otherwise it will need to be corrected later. Stay in communication with your lender and they will help you make sure things are filed correctly.
~Danke Schoen
Feel free to contact me with any other questions or a second opinion.
Nathan
MrDankeSchoen@yahoo.com
888-602-4622 ext 12
925-250-6067