After the appraisal is complete, the appraiser will provide you with a detailed report that includes an estimated market value for your home and any recommended repairs or improvements that should be made in order to enhance its desirability for potential buyers. The lender will then review the report and determine if they are willing to proceed with refinancing. If so, they may require additional inspections or assessments before finalizing their decision. Once all steps have been completed, closing documents can be prepared for signing and the new loan can begin. At this point, it is important to start making payments promptly in order to avoid defaulting on your loan.