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Updated over 3 years ago on . Most recent reply

Tyriq Royal's profile image
Tyriq Royal's profile image
Tyriq Royal
  • from Charlotte, NC
  • Member since Oct 23, 2022

User Stats

4
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1
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Tyriq Royal's profile image
Tyriq Royal's profile image
Tyriq Royal
  • from Charlotte, NC
  • Member since Oct 23, 2022
Tyriq Royal
  • Charlotte, NC
1
Votes |
4
Posts
First-Time Home Buyer

Choosing between lenders

Tyriq Royal
  • Charlotte, NC
Posted

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?

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