My house was just appraised this weekend. The appraiser was not very confident in the value of my home. There are tons of upgrades that I have done in the last 3 years (i.e., new kitchen, windows, deck, doors, bathrooms, etc.) I am going through a cash out refinance for an FHA mortgage.
I am looking to take at least $30k (for final improvements) from the equity but I am afraid I won't be able to get that much. If the appraisal doesn't come back at a decent amount, can I rescind the refinance? I did not pay any fees upfront.
