What to Know About Home Appraisals for Mortgages
AmeriMac
JUNE 30, 2024
The process typically begins with the lender ordering the appraisal after the borrower’s offer has been accepted or when refinancing a mortgage. A licensed appraiser, who is an independent third party, conducts the appraisal. Appraiser visits the property and conducts a thorough inspection to assess its value.
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