any lenders that do not require appraisals for HELOC/cash out refinance?

Guest User | 6 years and 3 months ago

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yudashasom | 6 years and 3 months ago

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AFAIK, banks can waive a physical appraisal on a purchase, not sure about a HELOC, below a certain amount. Say their computer generated appraisal comes in below an amount or percentage of the value.

Lurker | 6 years and 3 months ago

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Just to ask the question–how would a bank decide how much to loan you without an appraisal? They need to know how much your house is worth, and how much you owe, as collateral against the loan.