This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Tips To Ensure a Successful Appraisal When it comes to the home appraisalprocess, providing complete and accurate information is critical for a successful appraisal. Real estate agents and loanofficers play an important role in ensuring appraisers have the necessary data to deliver reliable valuations.
Below, we walk you through everything you need to know about the crucial appraisalprocess, and how to handle whatever appraisal results come your way. What appraisers do. Comparable sales play the most important role when determining valuation, says Rick Phillips , an appraiser and real estate agent in Vienna, VA.
Below, we walk you through everything you need to know about the crucial appraisalprocess, and how to handle whatever appraisal results come your way. What appraisers do. Comparable sales play the most important role when determining valuation, says Rick Phillips , an appraiser and real estate agent in Vienna, VA.
Additionally, if your loan is still relatively new, additional restrictions may apply. You may need to hit an even lower loan-to-value ratio for several years after signing. Before proceeding, check your loan terms or speak to your loanofficer to learn the details of the agreement. When You Finish Renovations.
In this blog, we will explore everything you need to know about reverse mortgage appraisals, including the basics of how reverse mortgages work, the eligibility criteria for a reverse mortgage, the role of appraisals in the process, and the appraisalprocess itself. Let’s dive deeper into the details.
Loanofficers will need any information you haven’t yet provided surrounding your debts, assets, credit and income. Once you’ve finished your application, your lender will provide you with a loan estimate. The appraisal protects you and the lender by verifying the home is worth the price you’ve agreed to with the seller.
From renovations to additions, projects that increase the value of your home also help contribute to your home equity. It all depends on the appraisalprocess, documentation timeline and the lender’s underwriting process. What’s the difference between a HELOC and a home improvement loan? Home improvement.
We organize all of the trending information in your field so you don't have to. Join 9,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content