GMAC Mortgage
Refinance Appraisal Value not real value in order to keep us in a 6.75% mortgage with them!
We purchased our home in 2004 for $850,000 (appraised at slighly over $1 Million). We refinanced in 2006 (appraised at $950,000). We have a standard conventional loan. This past August we decided to liquidate assets to come up with sufficient cash to paydown our mortgage to whatever was needed in ...