Fannie and Freddie say we can skip appraisals!

As long as the loan to value ratio is low enough, Fannie and Freddie are Ok with skipping appraisals.

appraisals

These guys are going to be the death of us.

So in todays show we are going to take a look at this interesting decision from Fannie and Freddie regarding home appraisals. It is always good to ask some fundamental questions with things like this. Things like “What problem does this solve?” or maybe “Does this introduce more risk than it does reward?”. We will run through the process and you can decide for yourself whether or not this seems like a smart play.

Todays Links:

  • https://www.housingwire.com/articles/41061-fannie-mae-joins-freddie-in-allowing-appraisal-free-purchase-mortgages
  • http://realtormag.realtor.org/daily-news/2017/08/21/new-program-help-buyers-bypass-appraisals

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