Atlanta Mortgage Refinance Appraisals

If you are looking to refinance the mortgage on your home, your lender will likely require a current appraisal. Appraisalsmith has extensive experience working with lenders to provide refinance appraisals that accurately assess the current value of residential properties. While you most likely had an appraisal when you originally purchased your home, it is likely that your home’s value has changed since that time. Understanding how much your home is worth today helps your lender determine the loan amount for your refinance and ensures that loan size does not exceed what your home is worth.

As a part of the mortgage refinance appraisal process, we will carefully inspect the interior and exterior of your home for size and features, assess its condition and compare it to similar homes in your area. The appraisal helps the lender determine how well the property has been maintained. While most properties in Intown Atlanta and other area neighborhoods have seen a significant appreciation in value over the past few years, a refinance appraisal also ensures there has been no decline in value. Properties can decline in value due to poor maintenance and/or economic issues, such as when a home is purchased at peak of the market and demand then declines.

Note: Always check with your lender to ensure you are able to order your own appraisal for a refinance.