Mortgage News and Notes

Would You Like to Save $450 to $500?

February 23rd, 2018 11:11 AM by Steven Hofberg

Did you know that we grant Appraisal Waivers for approximately 20 percent of the loans we do? Eligibility for a waiver is based on the quality and type of loan as well as the information in the data base on the property and similar homes. 

 

In September 2017, the Agencies also added appraisal waivers for purchase loans. This can save clients money and speed up the process by as much as two weeks. In fact, I just closed an appraisal waiver refinance in only three weeks! As the database grows and the performance of these loans are evaluated we should see the percentage of mortgages eligible for an appraisal waiver grow.

 

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Posted in:General
Posted by Steven Hofberg on February 23rd, 2018 11:11 AM

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