I’ve never heard of a bank using a tax assessed value as a basis for determining ltv. Tax assessments remain unchanged unless the minicipality does a reassessment. Have you tried a bigger financial institution?

We got a heloc earlier this year to redo our kitchen. Citibank, the loan provider, sent an appraiser to our house and used the subsequent appraised value.

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Experimenter in life, productivity, and creativity. Work in Forge | Elemental | Business Insider | GMP | Contact: barry@barry-davret dot com.

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