What are the odds my house gets appraised at an LTV the bank likes?

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MemberSince99
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What are the odds my house gets appraised at an LTV the bank likes?

Postby MemberSince99 » Tue Jul 29, 2014 6:55 am

Here's a question to all the mortgage gurus on here.


I made an offer on a home which was accepted. My cards and scores are in my signature. What are the odds that it will appraise at 95% LTV so the bank will approve my mortgage?


Thanks for any help in advance!!!!


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djrez4
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Postby djrez4 » Tue Jul 29, 2014 8:19 am

I give you a 47.325% chance.
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nismoZtuner
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Postby nismoZtuner » Tue Jul 29, 2014 2:40 pm

hahha oh man... call....ask them what are the chances of your house getting appraised at an LTV?
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djrez4
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Postby djrez4 » Tue Jul 29, 2014 3:36 pm

Also, if they say no, hang up and call again.
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MemberSince99
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Postby MemberSince99 » Tue Jul 29, 2014 4:29 pm

Thanks you guys.


The house appraised at over the LTV threshold, but I think it should be higher and it deserves more.


Can I recon my appraisal?


Thanks for your help!

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nismoZtuner
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Postby nismoZtuner » Wed Jul 30, 2014 1:53 am

MemberSince99 wrote:Thanks you guys.


The house appraised at over the LTV threshold, but I think it should be higher and it deserves more.


Can I recon my appraisal?


Thanks for your help!


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MemberSince99
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Postby MemberSince99 » Wed Jul 30, 2014 6:38 am

I followed your advice and called them up and told them I want it re-appraised at a suitable value for someone as wonderful as me, or I refuse their stupid loan. I'll go all the way to the CEO if I have to. You are right, I'm not going to let them push me around! And I told them I want whatever card their bank has that's like a Centurion too.


Totally seriously, it's in final underwriting and the LO said it should be done in about a week.

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nismoZtuner
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Postby nismoZtuner » Wed Jul 30, 2014 2:23 pm

[quote="MemberSince99"]

1 week! bro don't waste your time tell them to put you ahead of everyone else- that if they want your business you want it done now!
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TCL-$19,800

Age-22



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