How many home appraisals do you need for a coventional refinance loan?

Answer You need only one appraisal for a conventional refinance loan. Appraisers are licensed professionals, so only one is needed. However, the lender may want to choose the appraiser or approve your app... Read More »

Top Q&A For: How many home appraisals do you need for a cove...

What do I need to do for home appraisals?

On One Hand: Just Do Your Research and Clean.A home appraiser will inspect every aspect of your home, and will also research what similar homes in your area are selling for. His information could b... Read More »

How do I contest home appraisals?

Contact your lender and say you believe the appraisal of your home is factually inaccurate. You probably won't be able to contest the appraiser's opinion of your home's value, but you can point out... Read More »

Insurance Appraisals Vs. Purchase Appraisals?

A purchase appraisal is typically used when a person is buying a home. An insurance appraisal is used for insurance valuation purposes on assets. They are both similar, yet vary in certain ways.

Is a home equity loan considered a second home loan?

A home equity loan is a secondary mortgage against the equity in your home. The terms of the loan, such as the interest rate and the length of the loan, are normally different from your primary hom... Read More »