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Get guidance from trusted mortgage experts. Most homeowners refinance for financial reasons, such as to lock in a lower interest rate or switch from an adjustable- to a fixed-rate loan. Refinancing ...
An appraisal is a critical part of the homebuying process. If your home appraisal comes in lower than expected, it can cost you money and delay — or even derail — the entire transaction. Here we delve ...
It’s not up to us to determine a home’s worth — that’s what a licensed appraiser does. A home appraisal is an independent ...
Micah Murray is a freelance writer and editor for Newsweek’s personal finance team. He began writing about personal finance as a side hustle in 2018 and quit his full-time job in 2019 to dive ...
A home appraisal is typically a required part of the mortgage application process, whether you’re buying a new home or refinancing. This is because the lender wants to make sure they can get their ...
Home values in a neighborhood can shift by tens of thousands of dollars in just one year. One New York appraisal firm reports that property values can move by 5% to 15% from season to season.¹ If ...
Get guidance from trusted mortgage experts. A lower-than-expected home appraisal can be disappointing, whether you’re purchasing a home or applying for a refinance. A home appraisal that comes in low ...