Avatar's Blog

» Appraisals

Posted on 12/17/2004
When refinancing a property with a hard money loan, DO NOT order an appraisal for your property. Use an estimate from a real estate agent who will provide 'comps' of similar properties. The hard money lender must order the appraisal. If you already have one, you will need to pay TWICE for that. Save your money - do NOT order an appraisal for a hard money lender.
Posted in Miscellaneous