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Real Estate
Reply to "Question about PMI and refinancing"
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[quote=Anonymous]Appraisers do go inside YOUR Home and carefully evaluate it, but their appraisal value also takes into consideration the comps -- homes that they do NOT go in and carefully evaluate. So while you'll get credit for your nice fancy kitchen or whatever, the house nextdoor that sold for $100k less won't get 'dinged' for not having a finished basement. Probably not expressing myself well, but don't take the fact that the appraiser spends a long time in your house to mean that your value is goign to be higher - remember, property value = market rate, which is highly impacted by comps[/quote]
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