Appraisal Waivers- Good Or Bad?
Appraisal waivers are a good thing, they mean we don't need to go through scheduling and waiting on the results of the appraisal. While appraisal waivers do often help us skip some time consuming steps in the process, not having one is not a bad thing, in fact the majority of loans don't include an appraisal waiver and close smoothly and on time!
How Do I Get An Appraisal Waiver?
Spoiler Alert: There is no set guideline for obtaining an appraisal waiver.
It is a combination of loan to value, credit score, debt to income ratio and what their online comps say about your property. All that wrapped up in a nice bow is what give you an appraisal waiver.
In this video I discuss the ins and outs of an appraisal waiver.
If you have any questions on appraisal waivers please let me know, you can chat with us on this page, email us or give us a call 239-437-4278.
If you want to get started purchasing or refinancing a home lets go!
Born and raised in Southwest Florida, I have been in the Mortgage business since 2001 I'm a grizzly, battle tested mortgage veteran. I am also the Host of Rates & Reels, which is the most popular fishing show in Southwest Florida, hosted by a guy named Tim. In my spare time I love spending time with my family, coaching baseball, and anything else my kids or wife want me to do. I would be happy to help you or someone you know with any of your Mortgage needs.
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