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Do you need an appraisal for a fifty-percent loan to value ratio refinance?
Wiki User
∙ 16y ago
No, you do not need to have a fifty-percent loan to value ratio to refinance. There are many many loan programs that will allow you other ratios and consider an overall financial picture of the situation so that you can refinance.
Wiki User
∙ 16y ago
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What is appraisal ratio exceeds median level of apraisal?
the median level of appraisal is the median appraisal ratio of a reasonable and representative sample of properties in an appraisal district. An appraisal ratio is the ratio of a property's appraised value as determined by the appraisal office or appraisal review board, as applicable, to: (1) the appraised value of the property according to law if the property qualifies for appraisal for tax purposes according to a standard other than market value; or (2) the market value of the property if Subdivision (1) of this subsection does not apply. (c) The median appraisal ratio for a sample of properties is, in a numerically ordered list of the appraisal ratios for the properties: (1) if the sample contains an odd number of properties, the appraisal ratio above and below which there is an equal number of appraisal ratios in the list; or (2) if the sample contains an even number of properties, the average of the two consecutive appraisal ratios above and below which there is an equal number of appraisal ratios
Where can you find a company to refinance your car in California?
There are many different banks in California that will refinance a vehicle as long as the loan to value ratio is within certain limits and your credit is good.
Are appraisers required to not tell the owner what the appraisal is?
A licensed appraiser may only discuss the value opinion with the client. If the owner is the client, then the appraiser can discuss the value opinion. If the client is really the lender in a refinance or purchase situation, even if the owner pays the appraisal fee, the appraiser may only discuss value with the lender-client. The rules are spelled out in complete detail the Uniform Standards of Professional Appraisal Practice (USPAP). RMK
What is record appraisal?
record appraisal is simply defined as a process of evaluating the value of records.
What is the value of a ratio?
The value of a ratio is the total
What is the word for finding the value of something?
appraisal
What is the service offered by the Travis County Appraisal District?
The Travis County Appraisal District appraises the value of your property. The property tax is based on the assessed value derived from the appraised value.
What is the process for getting a home appraisal?
Home appraisals are usually done when attempting to get a mortgage or to refinance an existing mortgage. The bank contracts with a home appraiser, charging the consumer a slight fee. The appraiser takes an objective look at the home to determine the actual value.
What was the value of a home in san lorenzo ca bought in 1957?
The value of the home is going to be based of comparable sells in your area. A website that can give you a general idea is zillow.com. To confirm the value of a property if you are looking to do a refinance or home equity line of credit an appraisal would need to be completed by a certified appraiser. Veronica Rodrigues Voyage Home Loans
Can you refinance your home with bad credit?
Yes, it is possible to refinance with bad credit, however you may be dealing with some very high interest rates from hard-equity lenders. There will have to be enough equity in the home and the loan to value ratio that the lender will allow will generally be less than if you were dealing with a more traditional lender.
A ratio that has a value of one?
There is not a ratio that has the value of one. A ratio is assets over liabilities.
What is difference between government appraisal and landowner appraisal?
The government - in the form of the local tax appraiser - comes up with a value (i.e. appraises) property so that the government knows how much tax to assess that property. Alternatively a landowner can hire a private appraiser to give the landowner an idea of how much the property might be worth or sell for, a value which could be useful in determining how much insurance to have, or whether to refinance, or estate planning reasons, etc.
