When you buy a home, you have many fees to pay and not all of them pertain to the lender. There are third party fees you may encounter, including the mortgage appraisal fee. This fee covers the cost of the appraiser evaluating the property and coming up with a fair market value for Read more
How are Comparables Determined for an Appraisal?
When you have an appraisal done on a home, the appraiser looks at more than just the subject home (the home for sale). He also looks at comparable sales. The comparable sales are what the appraiser uses to derive the fair market value of the subject home.Looking for Current Mortgage Interest Read more
When is the Appraisal Ordered in the Loan Process?
An appraisal is necessary to ensure there is adequate collateral in a home. Your lender will require the appraisal prior to clearing your loan to close. At what point does the lender order the appraisal, though?Looking for Current Mortgage Interest Rates? Click Here.Keep reading to find Read more
How to Win a Property Tax Assessment Appeal
If there’s one thing homeowners across the United States have in common, it’s the gripe they have about their property taxes. Most homeowners feel as if they pay too much, but not many of them do anything about it.Compare Offers from Several Mortgage Lenders.Did you know that you have the Read more
Why You Should Include an Appraisal Contingency in Your Offer
Making an offer on a home is a huge deal. Having the seller accept that offer is an even bigger deal. In a matter of weeks or months, you could become a homeowner. However, before you start jumping for joy, you should understand the different contingencies you should include in your contract. One of Read more
