Remove Appraisal Tips Remove Government Remove Property Appraisal
article thumbnail

What to Know About Home Appraisals for Mortgages

AmeriMac

Appraisals are especially important for lenders, as they help reduce the risk of lending more money than the collateral property is worth. Understanding Home Appraisals in the Mortgage Process Now that we’ve seen how home appraisals work, let’s understand their role in the mortgage process.