The most common reason why a mortgage borrower files a reconsideration of value is:

• A. The value is too low
• B. The value is too high
• C. They want to change lenders
• D. They want a lower interest rate

Answer: (A)

Reconsideration of value is used when the appraised value comes in lower than what the borrower believes the property is worth or what’s needed for the loan. The borrower is asking the lender to have the appraisal reviewed and, if appropriate, adjusted upward so the value reflects the true market price. This matters because loan approvals, pricing, and loan-to-value ratios all rely on the appraised value; a higher value can support a larger loan or help remove or reduce mortgage insurance.

In practice, you’d typically present additional or updated comps, point out any data errors in the appraisal, or provide evidence of improvements or recent market activity to justify a higher value. The option that the value is too high isn’t the usual motive for an ROV, and changing lenders or seeking a lower interest rate are separate aspects of loan processing that don’t address the appraisal value itself.