In May 2009, a little-known law snuck in like a thief and clobbered a lot of homeowners over their unsuspecting heads. This is referred to as the Home Valuation Code of Conduct or HVCC. It’s intent was to make sure that the appraisal you got on your property was accurate–not inflated to help a favorite Realtor or lender close a deal, or to get additional business from anyone who stood to make money on your mortgage or home purchase. But often the road to Hell is paved with good intentions. Continue reading ‘Refinancing May Get a Lot Easier Very Soon’
Tag Archive for 'appraisal'
It takes home equity to get a home equity loan, and the worse credit you have, the more equity you need. Your lender wants to know what your home is worth, and the appraiser is going to determine that. Continue reading ‘What’s My Home Worth? How Appraisers Value Your Property’
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