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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...

Important Facts For Home Buyers
If you are considering buying a home or have spent many years saving in preparation of buying a home, the questions and process involved in buying a home can be extremely stressful. As exciting as it is to begin looking for your new home, there are many unexpected costs and details to be considered ... more...

A Log Home Story
Solving problems while maximizing valuesThis story has a few good lessons and observations that no doubt can be used by you to take advantage of hidden opportunities that often lie in plain view for all to see, however, most people have not been trained or instructed on how to recognize or find ... more...

Real Estate Appraisal - Rental Properties
Real estate appraisal for rental properties isn't the same as for single family homes. If you were looking at a 24-unit building, it would be difficult to find similar ones nearby that have recently sold. Therefore, a market analysis using comparable sales isn't normally used.It is also not ideal ... more...

An Investor's 1st and Most Important Lesson
Are you ready for the lesson that will put you ahead of 99% of all real estate investors?Here it is in a nutshell USE AS LITTLE CASH AS POSSIBLE!The days of mortgage burning parties are long over. But you will still meet people who believe that it is good idea to pay off the mortgage on a ... more...

7 Different Ways Anyone Can Become a Real Estate Investor
Being a real estate investor is not really that hard, Sometimes you do not need any money down. Other times you do not need any of your own money down. Below are 7 Methods to buy property and earn money.1 - Buy and FlipThis is a Method where you buy Real Estate at below Market Price and sell ... more...

Why a Mortgage Professional Beats a Banker Every Time -- The Story Tells It All
The best way to explain why a mortgage professional is always better than a banker is to use an anecdote. My parents lived in the house I grew up in for 35 years, so it was finally time to move. They found a home they liked, made an offer, and signed a purchase agreement. After conferring with me ... more...

Mortgage Glossary - A Glossary of Mortgage Terms You Should Know
Acceleration Clause A clause in a mortgage defining that the entire outstanding balance can become due and payable should mortgage default occur. If the entire balance is not paid, the property will be foreclosed.Adjustable Rate Mortgage (ARM) Mortgage with interest rates that may be adjusted by ... more...

Home Loans - Online Services And Resources To Help You
Interest rates on home loans are at the lowest theyve been in many years. Now is a great time to take advantage of home loan financial services and resources available online. With a little education online you can get some of the best loans available on the Internet. It is well worth the time and ... more...

Beat the Crowd When Investing in Real Estate
We all are thinking about it and some of us are actually taking action and getting their hands on real estate investment properties. The longer the NY Stock Exchanges doesnt produce desirable returns the more people are starting with real estate investments.For most of us the obvious choice of ... more...

Real Estate Valuation
Real estate valuation for single family homes is typically done by using comparable sales. With income properties this just doesn't work well. Imagine if you are looking at a 24-unit building. It would be difficult to find similar ones nearby that have recently sold.It's also not ideal to use ... more...

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