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. The appraiser thoroughly inspects the property, noting size, condition, and unique features.
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