We have met all the conditions of our refinance (income verification, tax returns, etc..)
and we are approved. Now they are ordering appraisal. What happens if our property value comes in below what we think? Is the whole loan falling through? Do we have any options at that point? What if we are off by a few percentage points? Can the lender work with us? by VladimirPetrov from Jersey City, New Jersey. May 19th 2011
Chris Corica (chris@myqcfunding.com)
#22 ranked lender in New York - 59 contributions
A good loan originator would already have addressed these scenarios with you prior to this point. They would be in the best position to give you accurate answers to these questions. Anything else is pure speculation as not enough info about your loan has been provided.
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