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Homeowner and Appraiser Opinions Closest They’ve Been in 2 Years

Homeowner and Appraiser Opinions Closest They’ve Been in 2 Years

“It’s encouraging to see opinions from homeowners and appraisers more aligned on a national level,” said Banfield. “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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