Remove Download Remove Lending Remove Market Value
article thumbnail

It is Good Business to Drop an Onion Ring in Your Fries!

Cleveland Appraisal Blog

Years later, they may need an appraisal for a purpose other than lending. A couple of weeks ago, a homeowner hired me to appraise a four-unit apartment because they want to sell it, and needed to know the market value of the property, to know how much to sell it for. For instance, I may have appraised their home for a bank.

Business 273
article thumbnail

Desktop and Drive-by Appraisals: Protecting Against Interior Photograph Fraud

Genworth MI Blog

Of course, since condition, quality and features are commonly understood to be influential to the market value of the property, there is risk that misrepresented, fraudulent, or strategically selected photographs could result in an inflated appraised value. Download interior pictures from the internet depicting a better house.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Desktop and Drive-by Appraisals: Protecting Against Interior Photograph Fraud

Genworth MI Blog

Of course, since condition, quality and features are commonly understood to be influential to the market value of the property, there is risk that misrepresented, fraudulent, or strategically selected photographs could result in an inflated appraised value. Download interior pictures from the internet depicting a better house.

article thumbnail

4 reasons you’re better off selling your house this spring [INFOGRAPHIC]

Cornerstone

Download the infographic here. Back then, buyer demand was temporarily fueled by what’s been called “irrational exuberance ,” but current optimism in today’s housing market is backed by data. Mortgage lending standards are also much more stringent than they were in the boom of the mid-2000s.

Sellers 68
article thumbnail

Mortgage Term Glossary

Assurance Financial

Mortgage Lending Terminology . Fair Market Value. Fair market value is how much your home is likely to sell for if you put it on the market. The fair market value might be the same as appraised value, but it might also be higher. Downloadable Guides. First-Time Homebuyer Guide.

article thumbnail

FHA vs. USDA Loans: What’s the Difference?

Assurance Financial

Since private lenders have insurance from the FHA, they are more likely to lend money to people who wouldn’t qualify for a conventional mortgage. During the appraisal, the appraiser will determine more than the market value of the home. Downloadable Guides. Click here to download the file. contact-form-7].

article thumbnail

Important Mortgage Acronyms

Assurance Financial

A lender particularly doesn’t want to lend more than a borrower can repay, as the lender risks losing a significant sum of money. Downloadable Guides. Click here to download the file. Click here to download the file. FMV (Fair Market Value). TILA (Truth in Lending Act). ATR (Ability to Repay).