Real estate blog entries tagged with st charles appraiser by James Graner (Residential Services: http://appraisalmo.com)

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Home : Blogs : James Graner : James S Graner Blog, Appraiser in Missouri : Tag "st charles appraiser"

st charles appraiser: Borrowers Feel Hurt by New FHA Appraisal Requirements! - 01/30/09 09:34 PM

After talking to several mortgage professionals within the past few weeks, I am convinced that the result of the new appraisal requirements for cash out refinance transactions means less overall appraisal orders.
How can a new underwriting guideline that requires more appraisals cause less appraisal orders? Well now mortgage originators must either consider the cost of paying for two appraisals when accepting a high loan to value ratio cash out mortgage application or bill the borrower for two appraisal reports. That is expensive and a gamble with alot of money in fees. FHA appraisal fees are typically higher than the conventional … (3 comments)

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James Graner

Saint Charles, MO

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Residential Services: http://appraisalmo.com

Address: 1245 Cunningham Ave, St Charles, MO, 63301

Office Phone: (636) 916-4325

Cell Phone: (314) 277-3336

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