Are you are in the process of refinancing or will be soon? the following appraisals tips may help you to get through the process smoothly. It is essential to know information about appraisals before you refinancing home loan . So that it could enhance the property of your house and make sure that you don’t have any surprises at closing. It depends a lot on location and the type of property. Let’s see a few tips about appraisals. Property Inspection Waiver (PIW) While Refinancing Home Loan This is a new term available for borrowers through the lender since the last couple of years. PIW is only available for conventional mortgages through Fannie Mae or Freddie Mac . PIW means you get a complete waiver for a property inspection , which usually is a part of the refinancing process. The benefit of getting a PIW are; a) It speeds up the process of refinancing, and you would be able to close about a week to 10 days early....
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