Appraisal Purposes You May Not Know » Mortgage Masters Group

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"Appraisal fee" includes only the fee associated with the first appraisal on the loan transaction and does not include any ancillary appraisal fees that may be charged in connection with the loan transaction (e.g., second appraisal fee, appraisal re-inspection fee, appraisal recertification fee, etc.).

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I bought a condo and the mortgage appraisal came out at 15k$ less than my purchase (about 2%) and I found some mistakes in it.. Just know that the appraisal she orders may differ in value from the one you get with the refi, and she should know it could be lower (or higher).. you may want.

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About the author: The above Real Estate information on what appraisers look at during a real estate appraisal was provided by Bill Gassett, a Nationally recognized leader in his field.Bill can be reached via email at [email protected] or by phone at 508-625-0191. Bill has helped people move in and out of many Metrowest towns for the last 32+ Years.

Homeowners with very low loan-to-value (LTV) ratios may, in certain circumstances, escape the necessity of an appraisal. LTVs (loan balance divided by home value) less than 50 percent and a lender.