How To Get A Mortgage - Introducing Your Local Real Estate AppraiserHow To Get A Mortgage is your guide to The Dream Team for buying a house. You've met your real estate agent, mortgage lender and home inspector. Now let's get to know your real estate appraiser. The Local Real Estate AppraiserFour home appraisers we used over the years stand out in my mind.
Primary Function Of Real Estate AppraisalThe main job of a real estate appraiser is to prepare a market appraisal for a mortgage lender. By comparing a sales price to three similar transactions, a real estate appraiser assigns market value to homes. Mortgage lenders rely on a real estate appraiser. Their calculations assist a lender in determining the amount of money home buyers can borrow. What should you do if your mortgage lender disagrees with your appraised value? Go to home appraisal tips for low values. House Appraisal And Comparative Market AnalysisDon't fall into the trap of thinking the real estate appraisal should assure you of getting a good deal. You and your Realtor will have completed a comparative market analysis (CMA) before making an offer. Comparisons of active listings to recent sales is what tells you, the home buyer, that you obtained a good deal. As I have said before in FHA Appraisal, the house appraisal is primarily for the mortgage lender. The home inspection checklist is primarily for the buyer. How To Get A Mortgage - Protect Your OwnershipNext in the How To Get A Mortgage series - Understand why you can't do without this member of the Buying A House Dream Team. See how title insurance companies help you protect your ownership and maintain possession of your home. Readers Ask Kate And Share About AppraisalsHome Mortgage Refinance Gets Appraisal Shock 7 Tips For Highest Property Appraisals Vacation Home Under Appraised By Bank Refinancing Advice For House Values Ask Kate Questions About Real Estate And Mortgages Ask Kate is specifically designed to answer your questions and create dialog regarding mortgage financing. Subscribe to Kate's Best Mortgage Rate Blog, an entertaining source of information. Kate knows how to translate the secret language of mortgage lending, making it easy for anyone to understand. Valuable Resources For Home Buyers - Meet Your Dream TeamHow To Buy A House - Part 1 Meet your real estate agent How To Buy A House - Part 2 Meet your mortgage lender How To Get A Mortgage - Part 3 Meet your home inspector How To Get A Mortgage - Part 4 Meet your real estate appraiser How To Get A Mortgage - Part 5 Meet your title insurance companies How To Get A Mortgage - Part 6 Meet your homeowners insurance agent How To Get A Mortgage - Part 7 Meet your escrow and HUD 1 statement Unique Home Buying Information You Can UseMake your home buying a snap with the Home Buying Scorecard. Do you know this about Fixer Upper Houses? Toilets determine the age of a house and other tips. Private Money Lenders because rural properties need special consideration. Low Down Payment Mortgage - The dilemma of a low down payment. Start your wealth building now by buying a foreclosed home. The First Time Home Buyer Credit could be yours even if you have previously owned a home. Learn the differences between Residential Construction Loans - Mortgages designed for building homes. When private mortgage financing originates between family members, property tax and mortgage interest deductions frequently come into question. First Time Home Buyer Advice - You decided to buy a house! What's next? How To Buy A House Q and A's - A complete collection of questions about home buying, each with a individual answer from Kate Return to the Home Page from How To Get A Mortgage - Part 4 Didn't find what you're looking for? Here's more help!Tip: Use this toolbar to search this site or Ask Kate for answers.  Custom Search
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