What’s The Catch In Refinancing Your Duplex?

said on September 9th, 2011 categorized under: Buying A Duplex

what's my duplex worthWith many mortgage interest rates below 4 percent, it’s a great time to think about refinancing your duplex.

But there’s a catch to refinancing; beyond the requirements of having a job and good credit.

The duplex needs to be worth more than you owe on it.

For some duplex owners, this is a real problem.

So how do you find out what it’s worth? Well, the bank’s going to hire an appraiser on your behalf to offer a professional opinion of the duplex’s value.

And you have to pay for that appraisal whether you get the loan or not.

Yes, I suppose you can go to Zillow and get a Zestimate. The trouble is, they’re usually not very accurate.

But guess who can give you an accurate measure of value — absolutely free of charge?

A Realtor.

Now, I do like to be paid for what I do, and my time, like everyone else’s, is spread pretty thin.

However, I’m always happy to do what I can for a duplex owner thinking of refinancing.

Most of the time, I actually want to see the property. This helps me become further acquainted with inventory, which makes me a stronger resource for my clients.

It also helps me get a read on the challenges and opportunities duplex owners are facing, and an early read on rental market conditions.

If you want to know what your duplex is worth, call me. Even if I’m not in your area, I’d be happy to refer you to an agent who can lend a hand.

  1. Antoinette

    For diabetes patients, banana can reduce urine glucose and improve the disease.

    Balance vital potassium levels in your body by snacking on
    a banana. We can then choose whether or not to buy this range depending on our understanding of what fair trade is all about.

  2. ugg boots

    Certain owners were able to shop for Ugg ” booties ” low priced with permitted vendors,
    so happen to be reselling him or her carryout
    a return. Our feelings have to stop here, do not know what the future, Ugg Boots ireland Online perhaps we will take a good life with each other, may be painful life, perhaps.
    Also verify the treatment booklet, the authenticity card and other literature
    that the Ugg boots are packaged with.

  3. e Juice no Nicotine

    Kudos for thhe exgensive efforts in trying to make a difference to your readers.
    With your say and the asszistance of the group we wiol be

    Feel free to visit my web page: e Juice no Nicotine

  4. jewelry

    Therefore, it is not true that such kind of jewelry cannot be easily removes from a tooth.
    When selecting jewelry from a respected
    jeweler, ask about whether they provide an insurance policy.
    These tools will facilitate you to accomplish approximately a few
    basic wire jewelry constructing venture.

Leave a Reply