APPRAISALS

Refinancing

Refinancing


Aspen Appraisal Group: Accurate House Appraisal

When thinking about refinancing, before shopping for a loan, it’s best to begin by working with a lender to get pre-approved for a mortgage. Pre-approval is basically a promise from the lender that the borrower is qualified to borrow up to a certain amount of money at a specific interest rate. Oftentimes, borrowers who have gone through the pre-approval process find out at the last moment that they cannot get the loan because the appraisal did not “come in.” This means that the appraiser’s opinion of the house appraisal was not high enough for the loan company to loan on it. In other words, the house appraisal could be lower than the proposed loan amount, or the loan company may want to see that the house appraised for more than what they want to loan out. Occasionally, the borrower has already paid for the house appraisal and will not recoup those costs. It goes without saying that this all can be very frustrating

Consult an Independent, Professional Home Appraiser

Many borrowers have used the Aspen Appraisal Group (AAG) to avoid this kind of situation. As a home appraiser, we specialize in giving borrowers a good idea of what their home is worth before they start the loan process. There are several advantages to doing this. First, by knowing what a home is worth, the borrower can decide if it is worth their time and energy to pursue a refinance loan. Second, this may save the borrower a significant amount of money in additional appraisal fees to the lender during the loan process. Third, should the lender’s appraiser have a significantly different value opinion, the borrower will already have a second opinion from a professional home appraiser as a backup—which may be used to successfully dispute the lender’s house appraisal, and possibly result in successfully closing the loan. We specialize in ‘pre-loan’ appraisals and are excited to have saved many homeowners money and time in their ‘pre-approval’ process. At Aspen Appraisal Group, we offer a free initial consultation and several price points for various budgets. Call today with any questions you might have or schedule an appointment. You can also receive a free quote by clicking here. If you aren’t sold yet, see what others are saying about Aspen Appraisal Group by clicking here.