In-Person Home Appraisals Won’t Be Required for Some Loans: Should You Get One Anyway?
Realtor
MAY 18, 2018
tadamichi; realtor.com With home prices zooming ever higher and mortgage rates ticking up, some people seeking mortgage loans or refinances could get a much-needed break. They may no longer be required to get formal property appraisals—a change that could save them hundreds of dollars and speed up the closing process. A little-known change in requirements last year from mortgage giants Fannie Mae and Freddie Mac has made these waivers for traditional, in-person appraisals available.
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