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Home Appraisals – What Do They Look For?

D Fritz Appraisals

Home appraisals are not just for when someone is buying or selling a home for themselves however, they are also important for: New construction loans. Renovation loan assessments. Reviewing / appealing property tax assessment. Property division in separation / divorce. Mortgage financing and refinancing.

Appraisal 105
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The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

Build Equity Every time you make a mortgage payment, you build equity in your home. Think of equity as the amount of money your home is worth after what you owe is deducted. When your home value goes up and you start paying off the loan's principal balance, that builds equity. You'll need to do some renovations.

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Buying a Vacation Home: 4 Critical Factors & Expert Advice

PennyMac

That is, until your home renovation projects start to go down the toilet (or worse, the toilet starts falling through the floor). Buying a vacation home? Here’s how to know if the property you’re considering is a great investment, or just a great way to empty your wallet.

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Important Mortgage Acronyms

Assurance Financial

Municipalities often use FMV to determine the tax rate on a home. A home with a high FMV will have higher property taxes than one with a lower FMV. HELOC (Home Equity Line of Credit). Home equity is the difference between the amount a person owes on their mortgage and the value of their home.