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Appraiser/Homeowner Value Perceptions nearly Align to End Up & Down Year

Appraiser/Homeowner Value Perceptions nearly Align to End Up & Down Year

“It’s encouraging to see opinions from homeowners and appraisers more aligned on a national level,” said Quicken Loans EVP of Capital Markets, Bill Banfield, in a recent press release. “Appraisals are one of the most important data points when applying for a mortgage. If an appraisal is lower than expected when refinancing, the homeowner will need to bring more funds to closing, or might even need the mortgage to be restructured. The more homeowners and appraisers agree, the smoother the process is.”

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