Menu
What's An Appraisal_

What Is An Appraisal?

What Is An Appraisal? Unlimited Mortgage Lending
Every house is unique; appraisers are trained and licensed for expertise in putting a value on properties. Appraisers don’t work for the buyer or the seller; ‘their primary mission is actually to protect the lender who’s risking money against the home’s value. Appraisers have to weigh factors about the property and location – including size, condition and comparable properties – to appraise its current value. They know how to focus on conditions that affect value;’dishes in the sink don’t;’damage and neglect do. Appraisals lower than the proposed purchase price can affect transaction details.’The seller might have to lower the price or the buyer might have to increase down payment or fund additional escrow. Appraisal seems a lot like inspection, but they’re not the same. You can think of it this way: Appraisers report on value to the lender Inspectors report on condition of the house and major components to the buyer. So – expect both appraisal & inspection in your transaction.
Share post
Share on facebook
Share on twitter
Share on linkedin

Check if you Qualify for a Loan

Before you start shopping for a home, you need to know exactly how much you can actually qualify for.

Answer 6 simple questions to make sure that you meet the simple basic requirements to qualify for a mortgage.  Once in our “Exclusive Pre-Qualifying Mortgage Calculator,”  all you have to do is plug in your numbers to see if you qualify.  This calculator is based on the income, debt, and purchase price that you enter and will show you if you qualify or not for a Conventional Mortgage Loan or an FHA (Federal Housing Administration) Mortgage Loan.

Search Posts

Recent Posts

Subscribe!

[gravityform id="3" title="false" description="false" ajax="true"]

Have a Question? Talk to Our Expert.

Unlimited Mortgage Lending is here to help. If you have any questions about your dream house loan program, never hesitate to call.

Skip to content