Options for a Low Bank Appraisal
You’re on your way to buy a new home, congrats! You’ve found the one you love… your offer has been accepted… you’ve completed the inspection with little-to-no issues… you’re almost there, right? There’s just one more hurdle before you’re ready to sign on the dotted line and finance your home—the home appraisal. If you’re seeking a mortgage, you must have your prospective home appraised for a value that is higher than your purchase price. So, what happens if your bank appraisa