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Richard Haddad is the exec editor out of HomeLight. He works together with an experienced content team that oversees their blogs featuring when you look at the-depth posts regarding the real estate and you can offering techniques, homeownership reports, home-care and you can structure info, and you can related a property trends. In past times, he offered once the a publisher and articles producer getting World Company, Gannett, and you will West Reports & Information, in which he including supported given that development manager and you may director away from sites surgery.

You’ve been thinking about tapping into your home’s collateral getting an effective project otherwise buy that’s been on the someday record, however the some time and bills of the appraisal and you may procedure possess kept you right back. You happen to be questioning if you’re able to get a no-appraisal home security mortgage.

In this guide, we’re going to plunge towards the exactly what a no-assessment home security financing is actually, if or not you can aquire you to definitely, and the pros and cons regarding opting for this option.