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Updated over 3 years ago on . Most recent reply
Refinance Appraisal - Does the ARV you THINK it is matter
Hello BP - hope everything is doing well!
Just finished my first rehab and about to do the refinance so I was wondering - does the Property Value you provide to the lender matter? (which is the ARV you think it is)
I know that in a Purchase, the appraiser would more or less consider the contract price, would it be similar when it comes to Refinance?
Thanks!
Most Popular Reply
Reid Chauvin
- Lender
- Nashville TN - Licensed in AL AR DC FL GA LA MD TN, TX and VA
- 336
- Votes |
- 583
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Have your comps justifying your projected ARV ready and make sure they are actually legitimate comps. Being proactive with providing the appraiser information on the property definitely helps your case.