yes, an appraisal is required, kimberly. as for survey, it depends on your location. some states require one, some don't. check with your lender specifically and they'll be able to verify that for you.
it is part of refinance process
appraisal is ultimately your safeguard against spending more on your home than its worth. Its also a safeguard for your mortgage company to not lend out more on a property than its currently worth. Appraisers are always 3rd parties in the mortgage process
appraisal is ultimately your safeguard against spending more on your home than its worth. Its also a safeguard for your mortgage company to not lend out more on a property than its currently worth. Appraisers are always 3rd parties in the mortgage process