Why is an appraisal required when refinancing How is the value of my home determined during an appraisal

The VA home loan refinance program provides qualified homeowners with a simple way to take advantage of lower rates and decrease their monthly mortgage payment. Once you close on a refinance, your new lender will pay off your old loan, and you'll start making payments on your new one. Refinancing your mortgage can help ... Bristol County Savings Bank can help with several flexible refinance options that may help you lower your interest rate, monthly payments or tap into your ... The answer depends on your goals (and your relationship with your spouse). Whether or not you sell or refinance your house will depend on several ... We offer a variety of loan options and programs, with loan amounts up to $2.5 million for fixed -or adjustable-rate mortgages. We'll break down the basics and walk you through some reasons why refinancing might be beneficial for you. Make your homeownership dreams a reality. Refinancing is when you pay off an existing mortgage with a new mortgage loan. Refinancing could save you thousands of dollars in interest payments. Explore and compare today's mortgage refinancing rates to learn if there's a better loan option for you and your home. Rogerson Communities, developer and property manager of Farnsworth House, will complete property improvements and upgrades. September 06, 2023. Home appraisal fee. Many lenders order a home appraisal, whether you're purchasing or refinancing a home. Banks can't determine how much you can borrow until ...