In the current real estate market, homeowners considering refinancing are increasingly concerned about the implications of home appraisals. Appraisals play a crucial role in determining a property’s value, directly influencing loan-to-value (LTV) ratios and, consequently, the terms and approval of refinancing applications. Understanding the nuances of appraisal risks is essential for homeowners aiming to make…
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When it comes to refinancing your mortgage, knowing your strike rate—the interest rate at which refinancing becomes worthwhile—can save you thousands. But how do you decide what your strike rate should be? And how do you determine whether the market is moving toward your goal? In this post, we’ll break down the concept of a…
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