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Updated about 2 years ago,
Choosing between lenders
Hello,
I’m between lenders and they both sent me back my appraisal.
Lender one: fully approved & rate locked in.
Lender two: Conditionally approved and my rate is locked.
Lender two’s appraisal is 5k less than lender one’s but is offering 10k in equity for a first time homebuyer. Lender one is not. How much should the appraisal influence my decision in which lender to choose from assuming rates are the same?