Remove Design Remove Lending Remove Market Value Remove Property Taxes
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How reverse mortgages could improve financial stability for older homeowners

Housing Wire

Also, an independent appraisal during the loan process locks in the property’s market value at the time the reverse mortgage loan is funded. HW: How does Reverse Mortgage Funding help lending professionals educate themselves and their clients on the benefits of reverse mortgages in our current housing market?

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Home Appraisals – What Do They Look For?

D Fritz Appraisals

Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer. Estate settlements.

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Mortgage Term Glossary

Assurance Financial

Mortgage Lending Terminology . Assessed Value. 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. It can be less than the market or appraised value of your home.

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Anatomy of a Commercial Real Estate Appraisal: A Top 17 Q&A Guide

The Robert Weiler Company

If you’re reading this article, you will likely need a commercial real estate appraisal for property being sold, mortgaged, taxed, insured, or developed. The information that arises helps enlighten those who own, manage, sell, lend money, or invest in commercial real estate property.

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26 Reasons to Get an Appraisal

Realvals

By providing an unbiased estimate of a property’s value, an appraisal ensures that you know the real value of your property. Estate planning, property tax appeals, divorces, and gifting, are some of the many others. The appraisal helps in establishing the loan-to-value (LTV) ratio.

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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. A lender particularly doesn’t want to lend more than a borrower can repay, as the lender risks losing a significant sum of money. FMV (Fair Market Value). APR (Annual Percentage Rate).

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Reconsideration of Value and Appraisers

Appraisal Today

Maintain USPAP compliance – Confirm the ROV request came from your client, either directly or through the client’s AMC, acting as an agent for the client, or other party designated as an agent by the client. So, don’t say something open ended like: “the intended use is to provide a fair market value of the property.”