Question about refinancing.

[Anonymous]

Owe: 70992

My mortgage is owned by Freddie Mac. And everything possible said it was eligible until my loan was pulled up.

The only appraisal was done when the house was puchased, but our assesed value is right around 72k

[ShanetheMortgageMan]

Remember assessed value doesn't mean your market value.  There are a lot of areas where the assessed value is a fraction of what the market value is.  If your home is in a subdivision then Zillow.com probably will give you a fairly accurate figure.  If not, then you should contact your real estate agent and ask them to provide you a comparitive market analysis which will bring up various comparables to give you an idea of what your market value is.