If you want to refinance a home mortgage, will the lender ask for an independent appraisal of your house value?

Posted on May 18, 2025 in HARP Refinance

Question by Snowflake: Can I get financing to buy a house without having a job?
My husband has a full time job in the military but we need the home loan for to go on my credit because his credit is taken up. I am a stay at home mom without a job.

Best answer:

Answer by Wisdom Troll
Yes you can. No doc loans don’t require any documentation.

What do you think? Answer below!
Question by Mr.Ed: Where can I find a Mortgage calculator that I input different monthly changes?
I pay different amounts monthly on the principal, clinic and wondered if anyone knows a calculator that would show an amortization chart while calculating the extra amounts I pay monthly. I would think an Excel chart would be the best, but I’m not that computer savvy. Thanks!

Best answer:

Answer by Howard L
http://www.bankrate.com/calculators/mortgages/amortization-calculator.aspx

Know better? Leave your own answer in the comments!
Question by Silver: If you want to refinance a home mortgage, approved will the lender ask for an independent appraisal of your house value?

Best answer:

Answer by Bill
Usually the answer is YES, treatment however there are some new Fannie Mae backed loans that do not require appraisal for a refinance, but you can not withdraw funds, only refinance the outstanding balance on the existing loan. The purpose is to lower your interest rate to make the payment more affordable.

Give your answer to this question below!

2 Comments

  1. Of course.

  2. Yes, of course they will.