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Old 03-11-2009, 07:29 PM
 
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The house I am buying was appraised today. I spoke with my agent and he said everything went fine. I want to call my bank and find out for sure that everything went OK. When will the bank know how the appraisal went?

Now that we have our appraisal done is there anything else for us to do before the commitment letter? The bank has all of our paperwork. What else should we be doing?
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Old 03-11-2009, 07:53 PM
 
294 posts, read 821,048 times
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Originally Posted by mambwe View Post
The house I am buying was appraised today. I spoke with my agent and he said everything went fine. I want to call my bank and find out for sure that everything went OK. When will the bank know how the appraisal went?

Now that we have our appraisal done is there anything else for us to do before the commitment letter? The bank has all of our paperwork. What else should we be doing?
Your bank should have the appraisal numbers by end of next week, if not a little sooner. Did your agent give the appraiser any recent comps? Your paperwork is likely already with the underwriters,so the appraisal will be forwarded to underwriting as well. You may be asked for another paystub or bank statement (depending upon your lender), but there really is not much for you to do right now but hurry up and wait Ann
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