Question: do you have to get an appraisal to refinance?
Answer: Most lenders require that you get an appraisal before you refinance a mortgage. An appraisal assures the lender that they aren't loaning you too much money for your property. ... Keep in mind that you can only refinance your interest rate or term with a Streamline. You cannot get a cash-out refinance without an appraisal.