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Mortgage Professor about appraised value: 
Do Mortgage Lenders Recognize Bargain Prices?
October 9, 2000 "I am buying a house for $105,000 but it is appraised at $120,000. Can I use the difference as my down payment?" "I have no cash and lots of credit card debt, but I think I can purchase a house for less than its appraised value. Can I use the ... more...

Sample Mortgage Insurance Premiums
Typical Monthly Private Mortgage Insurance Premiums, Revised September 12, 2005 Down Payment as Percent of the Lower of Sale Price or Appraised Value ... more...

appraised value related definitions

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...

Loan To Value Ratio
Loan To Value Ratio Loan To Value, LTV. This is the size of the loan or mortgage as a percentage of the value of the property or price being paid for the property, eg a property valued at $120,000 with a mortgage of $108,000 would have an LTV of 90%. Loans with an LTV over ... more...

More about appraised value

Get Free appraised value Quotes and Estimates

Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

Bad Credit Mortgage Refinancing
Bad credit mortgage refinancing loans are used to solve two different problems.Problem Number One: The homeowner has bad credit, significant high interest credit card debt and a home with substantial equity. In order to pay off the high interest bills, the person refinances his/her home and cashes ... more...

Seniors Can Use a Reverse Mortgage to Fund Annuities, Investments, and Insurance Policies
For many seniors in or entering retirement, the prospect of purchasing long-term care, investments or annuities can be cut short by a lack of retirement income. Statistics show that 3 out 4 seniors will have to lower their current standard of living during retirement. Social Security, IRA's, 401k's ... more...

How to Find the Best Debt Consolidation Secured Loan
If debt is a way of life for you, it's time for you to consider finding a debt consolidation secured loan. This loan is designed so that you can pay off some or all of your debt, leaving you with a single low monthly payment instead of multiple payments that keep increasing as time goes by.Since ... more...

What is a Home Equity Line of Credit?
A home equity credit line is a kind of loan which is secured against a property as collateral. It is a type of revolving loan which allows the borrower to loan funds at the time and in the amount the borrower chooses, up to a maximum credit limit for which the borrower has been qualified. The ... more...

Refinancing Your Home Mortgage - Get Up To 125% Cash From Your Home's Value
With the low interest rates being offered by lenders today, now can be the perfect time to refinance your existing mortgage. Remember that you do not have to refinance your home through the same lender that provided your initial mortgage. Lending institutions are offering competitive terms and ... more...

Bad Credit Home Equity Loans
A home equity loan allows you to borrow against the equity you have built in your house. Even if you have no equity, you may be able to borrow up to 125% of the value of your home. You can use the extra cash to consolidate bills, fund college tuition, or any other reason you see fit. If you have ... more...

Houston Mortgage Refinance
Refinancing your mortgage with a Houston mortgage company can help save you money and improve your quality of living. There are a number of benefits that homeowners can receive when refinancing a home. Lowering your current rate is one of the most traditional forms of refinancing. Shortening the ... more...

Home Equity Loan - Is It For You?
A Home equity loan has become an easy way to not only pay off other non-deductible debt, but to come up with large wads of cash for remodeling projects, vacations and more. People have financed college educations with a home equity loan, so your imagination is your only barrier. There are few if ... more...

Refinancing Your Home - How and Why?
Chances are you may need a little extra money to get some work done around the home or perhaps your current interest rate is 7.5% and the prime interest rate is 6.0% there is a benefit to restart the clock on an existing mortgage and save thousands of dollars over the life of the loan. The first ... more...

Tips for Finding the Cheapest Personal Loan Rate
Searching for the cheapest personal loan rate that you can find isn't always easy it can involve hours of collecting quotes from a variety of different lenders, followed by even more hours of comparing those loan quotes to each other in the hopes that one of them will be the cheapest personal loan ... more...

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