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Pre-Appraisal Checklist for Homeowners

D Fritz Appraisals

Whether you’re selling, refinancing, dividing assets, settling an estate, or determining capital gains on an income property , it pays dividends to be prepared for your home appraisal. The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property.

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Home Appraisals – What Do They Look For?

D Fritz Appraisals

Read on for more information about how a home appraiser determines the value of your property. What is a Home Appraisal and Why is it Important? A home appraisal is a legal document containing information that determines the current fair market value of a new or existing property. Estate settlements.

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10 Ways to Financially Benefit From Your Home

PennyMac

Building Equity Over Time As you make mortgage payments, you build equity in your home. Equity is the difference between the market value of your home and the amount you owe on your mortgage. The amount borrowed may even be tax deductible if the funds are used to renovate your home.*

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Important Mortgage Acronyms

Assurance Financial

FMV (Fair Market Value). A home’s fair market value or FMV is the price it would sell for under normal conditions. FMV isn’t necessarily the sale price of a home, as other conditions can affect its final price. HELOC (Home Equity Line of Credit). HOA (Homeowners Association).