Is an appraisal required to do a refinance?

most of the time - yes ...but sometimes ....there is something called a PIW ( property info waiver ) that can be used to avoid needing an appraisal.unfortunately .this cant be determined until a full application is made and the file is sent thru initial underwriting...if you want cash back - appraisal definitely needed

More info necessary.. if you are doing a "Rate and Term" refinance, and your loan to value is low, you have high credit scores, and low debt to income ratio's, it's possible you can get a property inspection waiver (PIW)... in which case, no appraisal would be necessary. If you are doing a "cash out" refinance, then you will need an appraisal. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / LendUS, NMLS 1938/ AZMB0121893

Depends on what type of refinance you are doing. For example VA to VA streamline refinance, and FHA to FHA streamline refinance don't require an appraisal. Most other loans will... All you can do if apply with your local lender, and have him review your situation to see what you qualify for. For properties in MN, WI, and SD, visit me at JoeMetzler.com NMLS274132

Yes of course my Texas friend...unless you want to secure a private (hard money) loan; then maybe you can pay for an appraisal.Here's the upside0get the loan approval first. This way you;ll feel more comfortable paying the appraisal.Hook 'em horns.Feel free to give me a call regarding the options available to you. NO OBLIGATION. If decide to work together I will offer you the absolutely lowest cost scenario possible.Mel S.BakerArcstone Financial(310) 985-9778 NMLS 80541