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You will need an appraisal in order to do a cash out refi. I would love to help assist if needed. Please call me 405-285-1234 x116

by mmitchell from Kansas City, Missouri. Dec 10th 2014 Reply


Bartolomeo Castelli (BartCastelli)
#2 ranked lender in Missouri - 1,056 contributions

On most loans, an appraisal is needed unless you are doing a streamline refinance, where certain requirements may not call for one. From a cash-out perspective, all loans will require an appraisal. Appraisals are ordered only through the lender as there are tight guidelines that the individual doing the order must meet and be approved by that lender.

Dec 10th 2014
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Dave Metsker (DaveMetsker)
#38 ranked lender in Oregon - 2,317 contributions

Most loans will require an appraisal.

Dec 10th 2014
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Jason Vondrak (jvondrak)
#1 ranked lender in California - 1,690 contributions

Unless you are doing a streamline refinance, you will generally need to get an appraisal completed.

Dec 11th 2014
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,797 contributions

Yes.. you cannot do a "Cash Out" refinance without an appraisal.. if you were just doing a "rate and term" refinance, then there are loan products which don't require an appraisal, but all cash out refi's do.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Dec 11th 2014
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Sean Young (SeanYoung)
#2 ranked lender in Colorado - 1,106 contributions

I wish I could meme this. If I could I would write, You're Doing It Wrong with some funny picture. :)

Dec 13th 2014
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