Ice Storms and State of Emergency

Well we have just come through a major Ice Storm in NH and ME. This has caused a State of Emergency to be declared.

If you are in the midst of a refinance or purchase your lender may require that the appraiser go back to the home to make sure it is still in the same condition. This can cause last minute delays and problems. Especially with purchases and rate locks. You should communicate with your lender to find out if they will require the appraiser to go back out to your home or your potential new home. While on the surface this seems like a waste of time, the lender wants to make sure they are lending on a solid property not one that was taken out by a tree and not fixed! You as a buyer should also do another walk through to make sure there are no problems. If the power is off wait until it is back on and pipes are working to avoid any plumbing issues from burst pipes. An extra ounce of prevention right now can save you in the long run.

for more questions contact me through my website at:
http://www.new-hampshire-home-mortgage.com