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Mortgage Professor about appraisal: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Is FHA Responsible For the Leaky Roof?
March 19, 2001 "We just purchased a home with an FHA loan and the seller did not disclose many problems?The roof leaks, the toilet is falling through the floor?FHA inspected the house before we moved in, and they will get the house if we default and move out? We thought ... more... What Is the Down Payment? January 21, 2002 "My understanding is that if a home buyer puts 20% down, he doesn?t have to purchase mortgage insurance. I put 20% down -- $48,000 on a $240,000 home purchase ? but I?m told that I do have to buy mortgage insurance because I elected to finance $6,000 in ... more... |
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appraisal related definitions |
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Appraisal
Appraisal An estimate of the value of property, made by a qualified professional called an "appraiser". Before a lender will lend you the money for a home, they will first require an appraisal to be done by a qualified licensed appraiser ... more... Certificate Of Reasonable Value Certificate Of Reasonable Value An appraisal issued by the Veterans Administration showing the property's current market value. ... more... |
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More about appraisal Mortgage Info You Can Actually Understand! Buyers Closing Cost Special Circumstances with your Mortgage Ten Things a Mortgage Processor Must Know to be Effective When is the Right Time to Refinance Your Mortgage? Top Tips from Real Estate Author Mark Nash for Negotiating a Home Purchase Contract What You Don't Know About The Real Estate Process, Some Inside Secrets Multi Million Dollar Estates In San Diego Home Mortgage and Financing Terms Mortgage Loan Closing Costs
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