2 ms·

Is an appraisal enough or is refinancing required?

• bombcar 4y ago
  Check your loan documents, mine have often had a "if valuations go up you can pay for an appraisal when you cross 20% or it's assumed if valuations have gone up enough AND enough time has passed". Usually it auto-expires when you pass the 20% equity mark based on original sale price. It's easier with a local lender as opposed to someone who sold off the mortgage, of course.