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Home Appraisals – What Do They Look For?

D Fritz Appraisals

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. They are also used to assess the value of the home for home improvement loans and insurance evaluations. What is a Home Appraisal and Why is it Important?

Appraisal 105
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10 Ways to Financially Benefit From Your Home

PennyMac

Equity is the difference between the market value of your home and the amount you owe on your mortgage. Once you've accumulated enough home equity, you can tap into it for various needs like home renovations, debt consolidation or other expenses. Consolidate Debt Your home equity can help you take charge of your debt.

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Success with Relocation Appraisals: Key Strategies

AmeriMac

It ensures that the company is providing fair value for the property being sold and helps avoid any potential legal or financial complications. Start by collecting property records, including the deed, survey, and title insurance. Next, compile any records of recent home improvements or renovations.

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Second Mortgage vs. Refinancing Your Home

Assurance Financial

Liens are legal claims to properties that allow a lender to seize the property under certain conditions. Deciding how you get the money: You can select whether you want a HELOC or a home equity loan. If you want a lump sum, you may want to select a home equity loan. What Are the Requirements of a Second Mortgage?