Question: hen refinancing a property, why do lenders often require a new appraisal? assess the borrower's creditworthiness verify the property's ownership has not changed determine if
hen refinancing a property, why do lenders often require a new appraisal?
assess the borrower's creditworthiness
verify the property's ownership has not changed
determine if the property's value has increased or decreased since the original pur
ensure the property's condition has not deteriorated
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