Appraisal for Refinance

Laura OLaura O Member

I recently purchased a home with 5% down and I have done some work to update it. Based on that work plus the rapidly rising values in my area, I believe I could potentially refinance with Sofi and use the equity (and a bit more cash) to get me to the 10% threshold that sofi requires as a down payment. Do you know if sofi refinancing requires and appraisal or would allow me to leverage my equity?

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