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
hen refinancing a property, why do lenders often

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!