Posted on: 16th Apr, 2009 02:02 pm
I am considering having my home refinanced but have a question...."If the home is appraised for more than is owed, I consider that good...I belevie the benefits my escow But does that affect a financially favorable refinancing....?
Hi srvntjacque!
Welcome to forums!
If your property is appraised for more than what is owed, it means that you have equity in the property. A lender will refinance your property only if there is equity in it. Thus, it will effect your refinancing in a positive way.
Feel free to ask if you have further queries.
Sussane
Welcome to forums!
If your property is appraised for more than what is owed, it means that you have equity in the property. A lender will refinance your property only if there is equity in it. Thus, it will effect your refinancing in a positive way.
Feel free to ask if you have further queries.
Sussane