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Captions : 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. Jean Chatzky

Captions : 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. Jean Chatzky

July 3, 2019, 6:23 am 1.1k Views

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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. Jean Chatzky Jean Chatzky

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Jean Chatzky
Author Profession: Journalist
Loan Captions
Caption For : Instagram Pictures, Facebook Posts, Whatsapp status, Telegram
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