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My worst refi day in Austin ended with a $9,400 surprise
Last Tuesday I finally locked my cash out refi with a local credit union, thinking the 6.1% rate was solid. Then the appraisal came back $18k under what Zillow said, and the loan officer hit me with a buffer requirement I never saw coming. I had to pull $9,400 out of savings just to close, which totally defeated the point of taking cash out. Has anyone else had their appraisal wreck a refi plan at the last minute, and did you fight it or just eat the cost?
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charlie_allen11d ago
Man that sucks, but at least your appraisal didn't come back saying your house was worth less than your neighbor's shed.
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