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Updated over 7 years ago on . Most recent reply
Doing Refi and your property is undervalued
Hi BP,
So I am working on a Refi of my property in Oakland, CA. It is unique and therefore there have not been any recent sales like it within a one mile radius. I have already inreased the value tremendously, but the cash coming back from the refi is low because it just under what is needed to qualify for a Fannie Jumbo loan.
I provided additional comps, but they threw them out because they are not close enough, however the lender specifically told me it was a sale, the loan would be higher, because the vaule is clearly higher, but we can't get it done with the comps we have. Anyone have any suggestions?