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Disagreeing with the Appraiser: Tips for Staying Compliant While Making Your Case

Genworth MI Blog

This article first appeared in the June issue of National Mortgage Professional Magazine. . The home appraisal has been requested…the waiting begins. Will the appraiser give credit for all the upgrades in the home? Is the appraiser familiar with the neighborhood? Will the appraised value be sufficient for the loan?”.

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Disagreeing with the Appraiser: Tips for Staying Compliant While Making Your Case

Genworth MI Blog

This article first appeared in the June issue of National Mortgage Professional Magazine. . The home appraisal has been requested…the waiting begins. Will the appraiser give credit for all the upgrades in the home? Is the appraiser familiar with the neighborhood? Will the appraised value be sufficient for the loan?”.

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The Hidden Risks of Appraisal Waivers: What Homebuyers and Homeowners Need to Know

Birmingham Appraisal

Heres why: When a traditional appraisal is waived, the lender determines the homes value using automated valuation models ( AVMs ) instead of an appraisers independent analysis. The lender’s valuation may aid them in the underwriting of the loan but it may not accurately reflect the market value of the home.

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3 Reasons Why an Appraisal Comes in Low

Boston Appraisal

As of the end of October 2020, interest rates on a 30-year refinance mortgage were averaging around 3.2%. If you decide to take advantage of these all-time low rates, your lender will most likely order an appraisal. What happens if the new appraisal is less than original one? Have you jumped on the refinance bandwagon?

Appraisal 148
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From Appraisal to Freedom: How a PMI Removal Appraisal Can Save You Thousands

Premier Home Appraisal Blog

My home appraisal saved me money! Are you tired of paying for private mortgage insurance (PMI) every month? That's where our home appraisal for PMI removal comes in. This appraisal blog post will explore how our Virginia home appraisal services can get you started on financial freedom. of your loan amount per year.

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Beyond Buying and Refinancing: A Look at Alternative Types of Appraisals

Birmingham Appraisal

By using the appraisal to price their home to the market, and factoring in the improvements, they were able to price it competitively and sell within a reasonable period of time. Accurate pricing involves more than adding the cost of improvements to the market value of your home. Cost does not always equal value.

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What to Know About Home Appraisals for Mortgages

AmeriMac

Conducted by a licensed appraiser , the appraisal plays a critical role in the mortgage process by determining the loan amount your lender will offer. In this blog, we’ll cover home appraisal key components, the process, factors influencing values, and tips for buyers and sellers.