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.

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

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