10/02/2023
BANK VALUE vs MARKET VALUE
For most property sales, the bank's assessment of value will be typically equal the sale price.
However, what happens when the bank values your property for a refinance application? When there is no current sale price, the bank valuations can lean on the conservative side, and are often undervalued.
This is something we can assist with, and negotiate on your behalf with all our banking partners, to ensure you get the highest loan-to-value at the best possible interest rate.
Read our blog article for more info:
https://www.phoenixbonds.finance/Insights/entryid/468/bank-value-vs-market-value-and-why-this-could-be-an-issue-when-refinancing-your-home