This may sound like a stupid question but I am going to ask anyway.
In a lot of books I’ve read it seems that the only way to get the bank to re-evaluate the properties market price is to refinance. Since I have yet to purchase a house, I am unware of the finer points of banks and financing arrangements. Good someone please shed some light on this topic. Thanks in advance.Hi insider
You certainly don’t need to refinance to get equity out of your property but you lender may charge you a valuation / application fee. I would suggest that you consider a Professional Package whereby renogotiation of your current loan is free. If you need any more information email me at [email protected] and i would be happy to give you further information.
Regards
Richard
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