The Core Issue
The lender may not use the value you expected.
When the accepted appraisal is lower than the purchase price or expected property value, the financing available may also be lower.
The First Question
Are you buying the property or refinancing one you already own?
When Buying
The financing gap may grow.
The lender may use the lower appraised value
The buyer may need additional down payment
The purchase price or financing may need another look
When Refinancing
The available proceeds may shrink.
The available equity may be lower than expected
The maximum refinance amount may change
The original refinance plan may need adjusting
See how the value affects loan-to-value, down payment, refinance proceeds, and the options that may still work.
Explore This Situation