Remove Contracts Remove Inspection Remove Law Remove Mortgage Appraisal
article thumbnail

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.

article thumbnail

Disagreeing with the Appraiser: Tips for Staying Compliant While Making Your Case

Genworth MI Blog

Will the appraised value be sufficient for the loan?”. Will I be seen as overstepping the law? Mortgage lenders often struggle with confidence in knowing where their boundaries are when communicating with their appraiser. The Truth in Lending Act (TILA) contains rules addressing appraiser independence.

article thumbnail

Disagreeing with the Appraiser: Tips for Staying Compliant While Making Your Case

Genworth MI Blog

Will the appraised value be sufficient for the loan?”. Will I be seen as overstepping the law? Mortgage lenders often struggle with confidence in knowing where their boundaries are when communicating with their appraiser. The Truth in Lending Act (TILA) contains rules addressing appraiser independence.