<html><body><p>If your appraisal comes back too <a href="https://quotes.tuteehub.com/tag/low-1003" style="font-weight:bold;" target="_blank" title="Click to read more quotes about LOW">LOW</a> - you don't have at least 10% equity for a conforming loan or 20% for a jumbo loan - you might not be able to refinance at all, at least with a loan that's packaged and <a href="https://quotes.tuteehub.com/tag/sold-6499" style="font-weight:bold;" target="_blank" title="Click to read more quotes about SOLD">SOLD</a> to Fannie Mae and Freddie Mac. That <a href="https://quotes.tuteehub.com/tag/means-779" style="font-weight:bold;" target="_blank" title="Click to read more quotes about MEANS">MEANS</a> you <a href="https://quotes.tuteehub.com/tag/may-380" style="font-weight:bold;" target="_blank" title="Click to read more quotes about MAY">MAY</a> have to pay a much higher rate.</p></body></html>

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If your appraisal comes back too LOW - you don't have at least 10% equity for a conforming loan or 20% for a jumbo loan - you might not be able to refinance at all, at least with a loan that's packaged and SOLD to Fannie Mae and Freddie Mac. That MEANS you MAY have to pay a much higher rate.

Author - Jean Chatzky Subject - Loan

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If your appraisal comes back too LOW - you don't have at least 10% equity for a conforming loan or 20% for a jumbo loan - you might not be able to refinance at all, at least with a loan that's packaged and SOLD to Fannie Mae and Freddie Mac. That MEANS you MAY have to pay a much higher rate.

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If your appraisal comes back too LOW - you don't have at least 10% equity for a conforming loan or 20% for a jumbo loan - you might not be able to refinance at all, at least with a loan that's packaged and SOLD to Fannie Mae and Freddie Mac. That MEANS you MAY have to pay a much higher rate.

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