[Inovestive]

[SAMPLE REPLY – fictional preview, written by the administrator] The appraisal is the biggest risk. If this property appraises at $290,000 instead of $310,000, the 75% loan is $217,500 and cash left in the deal grows to about $25,500. Also check your lender’s seasoning rules, because many require you to own the property for a period before they will refinance on the new value.