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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: benwood who wrote (132429)11/1/2001 5:08:23 PM
From: reaper  Read Replies (1) of 436258
 
Ben -- work fast, especially if you have a non-conforming loan that requires an appraisal (if its a conforming loan through Fannie or Freddie, you need not worry as they don't bother with silly appraisals; they let a computer score your property). anyway, my neighbor (blown away at what the banksters were willing to give me) is in like a 2-3 week queue 'cause there aren't enough appraisers in Boston to do the work on the flood of high-end re-fis that are going on.

Don't worry about the appraiser short-changing you, though. For 20 bucks extra I got an appraisal 70% higher than what I paid 2 whole years ago. The analyst who covers the bank that gave me the loan praised the management for its high fee income on the transaction <g>

Cheers
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