The Role of Appraisals in the Mortgage Approval Process
Appraisal Hub
SEPTEMBER 8, 2023
One crucial step that often goes unnoticed by many prospective homeowners is the mortgage appraisal. This step is not just a formality; it plays a pivotal role in determining whether or not you get approved for a mortgage. A mortgage appraisal is an unbiased estimate of the true (or fair market) value of a property.
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