Live2Ride Posted August 28, 2012 Share Posted August 28, 2012 So for the third time now we have not been able to refinance our house for various reasons beyond our control. This time, our house appraised lower than originally expected. In fact at this point we've been here 10 years and have NO equity built up. It appraised for almost what we currently owe. A few years ago, it was almost $70,000 over what we owed. And here's the kicker as to why it appraised lower: because of some homes going into foreclosure in our area, which made our house appraise much lower. So because of something that we did not do and unfortunately happened to someone else, we are not going through with our refi. But I will say that DH and I talked and there is a higher reason for this. We must not be meant to refi and we will see why I'm sure...it just stinks not knowing the answers to the questions we ask right away... Quote Link to comment Share on other sites More sharing options...
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.