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The Role of Appraisals in the Mortgage Approval Process

Appraisal Hub

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. An accurate appraisal ensures that the lender can recoup their investment.

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Agents fight misconceptions to win deals for military veteran clients

Housing Wire

“This is an absolute must, especially in the market right now as it gives the lender an opportunity to fill the listing agent in on the buyer’s background and how the VA loan process works,” Pascoe explained. Next, he has his buyers write a letter to the seller, a practice that has come under scrutiny lately for creating potential biases.

Clients 397
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Everything You Should Know About a Home Appraisal

Appraisal Hub

How Can Buyers And Sellers Benefit From Appraisals? If you’re buying, a professional appraisal can show you the true value of the property you are interested in purchasing. An impartial appraisal can help you set a fair price and attract more potential buyers. Where Can I Find An Appraiser In Toronto?

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Guaranteed Rate rolls out program to approve loans within 24 hours

Housing Wire

Dubbed the “ Same Day Mortgage ,” the program is aimed at giving a competitive edge to first-time buyers who are competing against the all-cash buyers who make up 28% of home purchases, the lender said. Chicago-headquartered lender Guaranteed Rate has expanded its program to approve loans within 24 hours nationwide.

Appraisal 384
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The Appraiser-Agent Relationship: A Win-Win Approach

Birmingham Appraisal

The agent’s client (buyer or seller) can make an informed buying or selling decision and the appraiser’s client (bank) can make an informed lending decision. Creating Accurate Initial Expectations: Agents and appraisers collaborating early in the process help set accurate expectations for buyers and sellers.

Agents 82
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Understanding The Reverse Mortgage Appraisal Process

AmeriMac

What is a Reverse Mortgage Appraisal? A reverse mortgage appraisal is an evaluation of a property’s value to determine how much money can be borrowed through a reverse mortgage. The appraisal is important because it helps lenders assess the risk associated with the reverse mortgage loan.

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New Homebuyer’s Guide To Appraisals

Birmingham Appraisal

What is a Mortgage Appraisal? A mortgage appraisal is an appraisal that is done for mortgage lending purposes. Lenders, including banks and mortgage companies, require an appraisal to justify the loan they are making. Who is the Appraisal for? Appraisal vs Home Inspection.