no appraisal home loans: Refinance your North Carolina home without an appraisal! - 09/30/10 04:16 AM

 
To refinance your home without an appraisal your loan must fall under one of these categories:
A) FHA streamline - If you choose to pay your closing costs out of pocket you can refinance your home into a lower interest rate without a need for an appraisal.  You cannot request any cash out of your home's equity and your payment must be reduced by a minimum of 5%.
B) VA IRRRL VA's streamline refinance - VA loans that qualify for a streamline refinance do not require an appraisal.  You must be active duty or prior service.
C) … (0 comments)