Under the Microscope

[illusiongrl]

We're refinancing, which means that the Bank is sending over an appraiser Friday to make sure we haven't let the house go to shit and that it's still worth enough to keep us within the desired ratio despite the downward spiral of home values (which thankfully isn't hitting our neighborhood near as bad thanks to it being undesirable). Of course

Comments

[noralita]

thanks for the angst! it is helpful to know a little bit more about the process - which I am due for too - and good luck. I'm sure you will do fine as the banks are under pressure to make that bailout money MOVE.

[ladyravenfyr]

You'll be fine. Appriasers are trained to look past peripherals like works in progress, half painted walls and tools lying around. They are looking at the bigger picture. And if you simply tell him that you are refinancing in order to do those improvements and fixes, they understand. Just be honest. Banks like growth and improvement. You are taking something and making it better and that's always a good investment. :)

[unprotoize]

Don't worry. Appraisers are there to look for big deep things wrong with the place, like foundation trouble, and also to count the number of rooms and measure it. They don't go over everything with a microscope.

[lovesprout]

Let us know how it all works out. Commencing nail biting for you.