Appraisal guidelines changingApril 17, 2009
The mortgage industry is changing appraisal guidelines. Loan officers will no longer be able to choose the appraiser to appraise your home after April 30, 2009.
Because real estate appraising is not an exact science, the change in guidelines may affect the value expectations of your home.
If you are planning to refinance soon, you may want to consider starting the process before these guidelines change on April 30, 2009.