Any Realtor's out there?

[H.O. Driver]

I got a call from my Mortage company last night and they said they can get me into a 20yr conventional for the same payment I am paying now and that is with rolling in my closing costs to my mortage. However they said my house did need to appraise at a certain amount for this to work. If I can shave 5 years off my mortage for $400 (appraisal fee) why not try right? However they suggested that I get a CMA I beleive? A computer generated market analysis of my home to see what its value could be before I am out the appraisal fee. Does anyone have access to this? The realtor's up here won't do it unless I list my house, they said it is easy but they want to make sure they are going to get a crack at selling it if they do it.

Do you have to be a realtor in this area to have access to this area? With it being computer generated it should have access or knowledge of all home dealings in Michigan right?

I guess if someone can help that would be great, I used Zillow and they are smoking crack since they listed my house at over 2x what I paid for it 5 years ago and what it appraised for then.

 

[RivMan]

If your lender is Fifth Third, it seems they're getting a lot of those $400 appraisal fees out of people.

Thread I was just reading:
http://www.migunowners.org/forum/sh...finance-and-appraisal-rant&highlight=Mortgage

-Rob

 

[H.O. Driver]

It says I have to log in to see the thread, I should get on that site anyways.... It is Huntington Bank but that is why they said make sure you want to do this before you do the appraisal fee so you don't throw your money away. The woman that called was really cool about it. She said if you don't know for a fact your home is worth x dollar amount to not waste any money ordering the appraisal.

 

[13SECSS]

Hey Bud, Im sure I can get you a better deal, I deal with a lot of members on Motown and I have helped them with their mortgage needs. Id be happy to run numbers for you!!!

I understand if you want to use you current lender to keep things streamline. With that said, you can call any local Real-estate office and tell them you need a market analysis done. Agents down here, wont have access to the sold homes that far north.

Thanks,

Steve

I got a call from my Mortage company last night and they said they can get me into a 20yr conventional for the same payment I am paying now and that is with rolling in my closing costs to my mortage. However they said my house did need to appraise at a certain amount for this to work. If I can shave 5 years off my mortage for $400 (appraisal fee) why not try right? However they suggested that I get a CMA I beleive? A computer generated market analysis of my home to see what its value could be before I am out the appraisal fee. Does anyone have access to this? The realtor's up here won't do it unless I list my house, they said it is easy but they want to make sure they are going to get a crack at selling it if they do it.

Do you have to be a realtor in this area to have access to this area? With it being computer generated it should have access or knowledge of all home dealings in Michigan right?

I guess if someone can help that would be great, I used Zillow and they are smoking crack since they listed my house at over 2x what I paid for it 5 years ago and what it appraised for then.

 

[H.O. Driver]

Hey Bud, Im sure I can get you a better deal, I deal with a lot of members on Motown and I have helped them with their mortgage needs. Id be happy to run numbers for you!!!

I understand if you want to use you current lender to keep things streamline. With that said, you can call any local Real-estate office and tell them you need a market analysis done. Agents down here, wont have access to the sold homes that far north.

Thanks,

Steve

Thank you, I didn't think they would have access but I figured I could at least try. I know I can't get too crazy with the closing costs since I am going to have to do a roof before winter but once I get some time this summer I may have to shoot you an email and see what I can do. I know if I refi it with another FHA loan my PMI is going to almost double.