Tag: <span>appraisal</span>

Post

APPRAISED VALUE

An appraisal is typically required when applying for a mortgage. If you are purchasing a home, the lender will base the loan amount off of the lesser of the sales price or the appraised value. Many people will look to the price per square foot when valuing a home, however, this valuation could be misleading....

Post

WHAT IF YOU DISAGREE WITH YOUR HOME APPRAISAL

What if you disagree with your home appraisal? Do you have to accept the appraiser’s findings without questioning them? You can question the appraisal; you can appeal the appraisal. The appeal process goes through the appraisal management company. You have to provide data in order to appeal. For example, if there are comparable sales (“comps”)...

Post

WHAT IF YOU DISAGREE WITH YOUR HOME APPRAISAL

What if you disagree with your home appraisal? Do you have to accept the appraiser’s findings without questioning them? You can question the appraisal; you can appeal the appraisal. The appeal process goes through the appraisal management company. You have to provide data in order to appeal. For example, if there are comparable sales (“comps”)...

Post

LOW RATE ADS

You’ve most likely heard on the radio lenders boasting they can get you approved in minutes or days by simply going to the website and clicking a button. Is that all it takes nowadays to get approved and to go to closing? Can you close the loan right after you are approved in mere minutes?...

Post

IS AN APPRAISAL NEEDED WHEN APPLYING FOR A MORTGAGE?

An appraisal may not be needed when applying for a mortgage. How can you get an appraisal waiver? Generally, an appraisal is needed to get a home loan, but, there are instances where this requirement is waived. Most home loans are sold to Fannie Mae or Freddie Mac. When underwriting these loans, they are submitted...

Post

CLOSING PROCESS

What is involved in the process? The closer you work with your loan originator, the quicker the loan will move through the process. Step One: Complete the loan application; Lenders require a fully completed application.This includes providing a 2 year residential and employment history. Lenders will email the Loan Estimate to you within 3 days...

Post

ARE APPRAISERS QUALIFIED?

You may get an appraisal and wonder how the appraiser arrived at that opinion, and is the appraiser qualified? Appraisers are licensed, and to be Certified, must have extensive experience and education. In Arizona, appraisers must have their fingerprints submitted for a criminal background check. If new, the appraiser starts out as a Trainee Appraiser....

Post

APPRAISAL REPORT: AS IS-OR-SUBJECT TO

As you know, an appraisal provides an opinion of value of the property, but, did you also know the appraisal contains comments on the condition of the property? An appraiser will comment on the condition of the property based on what they see during their visit. They will not inspect the property like a property...

Post

CAN YOU OBTAIN A LOAN WITHOUT PAYING ANY COSTS?

Many advertisers offer loans with no closing costs: Is this true? Can you obtain a loan without paying any costs? Well, yes you can, but you may be paying for it with a higher interest rate! There are costs associated with making a loan, such as underwriting, appraisal, credit report, escrow, title insurance and recording....