| lright, you and your family have spotted the house you | | | | about all the upgrades in your house and how great it |
| and your family would like to grow old in. The | | | | looks, blah blah blah. Your mortgage company goes on |
| community is great, the people are great, and the price | | | | to tell you about how much value you have to have in |
| was just right. Now like the average home owners in | | | | your property and due to your low loan-to-value ratio |
| this situation you start doing small alterations to your | | | | they might let you cash-out some amount of that |
| house. A little paint in a few rooms, maybe some | | | | home equity. No matter whether you attempt to |
| wallpaper, new marble in this part of the house, | | | | cash-out equity, your trouble comes when the |
| silestone in that room, a light fixture here a fixture | | | | mortgage company goes to order an house appraisal. |
| there. Finally you are satisfied with your now improved | | | | The home appraiser comes out and inspects your |
| house. | | | | house and heads back to his office to write up his |
| Some time passes and you make a decision that you | | | | report. After reviewing the information he see that |
| wish to refinance for whatever reason. Letâs | | | | there is a problem, your house is huge . . . TOO great |
| assume you decided you could get a much better | | | | for your area. |
| interest rate.You inform your mortgage company | | | | |