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Mortgage Term Glossary

Assurance Financial

The assessed value of your home is how much it is worth in the eyes of the tax agency in your municipality. The assessed value is used to calculate your property taxes. A lender might set up an escrow account where they hold money that goes toward your property tax payments and homeowners insurance premiums.

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Real Estate Appraisers Share How They Stand Out from the Competition

McKissock

” Free download: Ready to launch your appraisal career? I use the iPad to do inspections. ” Free download: Navigate smoothly through every appraisal assignment with The Valuation Process Road Map. ” “Vast knowledge of many property types. .” Personal characteristics or traits.

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Important Mortgage Acronyms

Assurance Financial

Loans with an AMI limit are typically designed to help people who would otherwise not qualify for a mortgage to purchase a home. If the house doesn’t pass inspection or the sale doesn’t go through due to an allowable contingency, the buyer gets the EMD back. Downloadable Guides. Click here to download the file.