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What is a Reverse MortgageAppraisal? A reverse mortgageappraisal is an evaluation of a property’s value to determine how much money can be borrowed through a reverse mortgage. It takes into account factors like the condition, size, and location of the property.
Traut notes that the Federal Housing Finance Agency (FHFA) announced in late October 2021 at the Mortgage Banker Association’s annual conference that banks and mortgage lenders will be able to use desktop appraisals in place of traditional appraisals for qualifying Fannie Mae or Freddie Mac backed mortgages.
Appraisers also offer valuable support to accountants by providing crucial insights and data for various financial purposes. In this blog post, I will explore how residential real estate appraisers can assist accountants in their work, highlighting specific examples of their contributions.
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Fritz Appraisals Inc. Professional propertyappraisers will let you know the home’s true value compared to the asking price and how it might change over time. For a deeper look, read our recent blog on Missing Middle, Affordable Housing. Fritz Appraisals Inc. before you purchase is an excellent idea.
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