Warrior
Line Up and Wait
Hi all,
I am comfortable on this forum and don't have a real estate forum where I can ask this question.
I am involved with buying a house. The appraisal firm chosen by the lender came up with a low enough appraisal that to complete the loan there will be an additional 3k fee. Is that standard practice today, for a mortgage lender to go for a low appraisal since the problems of 2007 and the mortgage crisis.
I am comfortable on this forum and don't have a real estate forum where I can ask this question.
I am involved with buying a house. The appraisal firm chosen by the lender came up with a low enough appraisal that to complete the loan there will be an additional 3k fee. Is that standard practice today, for a mortgage lender to go for a low appraisal since the problems of 2007 and the mortgage crisis.
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