How to get the best appraisal of your home

A few months ago I refinanced my home mortgage to lower the interest rate and combine my old first mortgage with my home equity credit line and lower my payments. I figured it was time to get rid of that adjustable-rate home equity credit line because it looks like interest rates are heading up.

My current mortgage lender offered a "stated income" jumbo fixed-rate loan with virtually no fees except for the lender's title policy and an appraisal fee. It seemed like a very good deal. Incidentally, a stated-income mortgage means the lender doesn't demand income verification, such as income-tax returns or W-2s. It's great for self-employeds like me.

Read more of "How to get the best appraisal of your home" by Bob Bruss.
home appraisal

Posted at October 7, 2005 11:52 AM

digg this story