Eight Ways You Can Improve Your Home Appraisal » Mortgage Masters Group

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Eight Ways You Can Improve Your Home Appraisal. The loan squeaked through, after the bank crafted an exception for the Mays. It was able to do that because their loan was a jumbo loan, not subject to the more rigid underwriting standards they would have encountered if it were a conventional loan aimed at secondary buyers like Fannie Mae and Freddie Mac.

While some think nothing can be done to improve the results of the appraisal, or simply do not anticipate this step in the process, there are things you can do to get the highest possible appraised value on your home to ensure your transaction will not be derailed by a low appraisal.

Will My Mortgage Company Conduct an Appraisal on My Refinance? Most mortgage companies will require appraisals to determine a home’s current value. Related Articles

Getting a home appraisal is an important part of the reverse mortgage process. Here’s what you need to know so that you can manage your expectations about getting your home appraised as part of this loan to help you age in place.

So, if home values have grown significantly since you bought the place, a refinancing appraisal may reveal that you have a higher percentage of equity in your home. If you financed with less than 20 percent down, this appraisal could help you get rid of PMI.

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You’ve found the house you love and put in an offer, which was accepted! But don’t celebrate yet. The Home Appraisal Process: How It Can Impact Your Mortgage Payment | realtor.com

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6 Ways Home Buyers Mess Up Getting a Mortgage.. How a Home Appraisal From a Lender Can Make or Break a Mortgage for Your First Home or Beyond. If you are refinancing your home, an appraisal.

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The most important factor in the size of your reverse mortgage loan (other than your age and your own personal inclination) is the value of your home. As a result, it’s important to understand how the fluctuation of home prices affect reverse mortgage financing, so that you can make an optimal decision.

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