What is an Appraisal

An Appraisal is an estimate of a property's fair market value. It's a document generally required (depending on the loan program) by a lender before loan approval to ensure that the mortgage loan amount is not more than the value of the property. The Appraisal is performed by an "Appraiser" typically a state-licensed professional who is trained to render expert opinions concerning property values, its location, amenities, and physical conditions.

#homeloan #mortgage #realestate #loan #refinance #homeloans #finance #loanofficer #mortgagebroker #loans #realtor #firsttimehomebuyer #personalloan #home #mortgagelender #investment #mortgages #realestateagent #homebuying #lender #creditrepair #mortgageloan #newhome #mortgagerates #lending #money #businessloan #business #homebuyers #mortgaghomefinance #credit #dreamhome #homeownership #property #creditscore #mortgagetips #mortgageloans #financialfreedom #broker #homebuyer #bank #homeowner #fha #personalloans #va #househunting #house #mortgagelife #fhaloan #preapproval #mortgageloanofficer #reversemortgage #homesweethome #businessloans #valoan #loanagainstproperty #california #homeloanspecialist #lenders #homebuyingtips #DPA #downpaymentassistance #DownPayment #mortgagerates #mortgage #nonqmloans #homeloans #homesforsale #realestate #realtor #MLO #loanofficer #loanservices #FHA #fhaloan #firsttimehomebuyer #fthb #househunting