Low appraisals can also impact refinance borrowers by leading to less attractive loan terms, limiting borrowing amounts, or resulting in canceled transactions. In principle, appraisers can consider ...

A Federal Housing Finance Agency (FHFA) analysis has shown racial disparities in appraisers’ use of time adjustments, potentially harming borrowers of minority groups. An appraiser can adjust ...

For Black and Hispanic borrowers, “time adjustments could make the difference between an appraisal that allows a home purchase to move forward and one that does not,” the blog post says.

The appraiser is supposed to determine the market value of that extra bedroom and make an appropriate adjustment to the value of your house.