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APPRAISAL Reference Articles:

What is a Field Review Appraisal?
In today's market, many loan programs are now requiring a field review appraisal in addition to a standard appraisal. This allows the lender to feel more comfortable with the opinion of value given b

http://www.brokeroutpost.com/reference/102236.htm (Updated: 09/04/2008)
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What is a real estate appraiser?
A real estate appraiser is an individual that is licensed and experienced in the valuation of property. They give an opinion of value for that property, and the opinion is used in the mortgage proces

http://www.brokeroutpost.com/reference/31484.htm (Updated: 12/04/2007)
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How accurate are value estimators?
Most online value estimation sites will only be able to judge a value if your local tax office has updated their online database. The results given are only going to be as good as the information ava

http://www.brokeroutpost.com/reference/23733.htm (Updated: 12/02/2007)
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FHA Streamline Refinance
For a normal refinance, you must qualify for the loan and provide all of your income, banking, credit, and liability information as well as an appraisal. If an FHA streamline refinance is done withou

http://www.brokeroutpost.com/reference/161728.htm (Updated: 10/06/2007)
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Real Estate Appraisal
A real estate appraisal is an opinion of value of a certain property. The appraisal is used, and usually required, in the mortgage process. Lenders want to know how much your home is worth, so they

http://www.brokeroutpost.com/reference/26478.htm (Updated: 09/06/2007)
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Pushed appraisal
A pushed appraisal is an appraisal the home value has been falsely inflated in order to meet a value needed by the mortgage company to secure financing. There are many negative side affects of a pushe

http://www.brokeroutpost.com/reference/43343.htm (Updated: 09/06/2007)
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The Appraisal Report
The appraisal report is completed by a licensed appraiser who determines what the value of the inspected property will be. There are three methods that the appraiser will use to validate his opinion i

http://www.brokeroutpost.com/reference/63624.htm (Updated: 09/06/2007)
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Is an inspection the same as an appraisal?
When buying a home it is advised to not only have an appraisal, but also an inspection of the home by a certified inspector. An inspector will inspect all areas of the home for damage and note any pr

http://www.brokeroutpost.com/reference/25709.htm (Updated: 09/06/2007)
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What Is An Appraisal
An appraisal is a written report of the estimated value of a property prepared by a certified real estate appraiser.

http://www.brokeroutpost.com/reference/28685.htm (Updated: 09/06/2007)
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An appraisal is a report made by a qualified, often licensed individual who sets forth an opinion or estimate of value regarding a customer's property.

http://www.brokeroutpost.com/reference/15363.htm (Updated: 09/04/2007)

What costs will I have to pay at closing?
To avoid any surprises at closing, a good rule of thumb is to set aside an amount equal to 2-3% of the purchase price to cover expenses like the following: Prior to Closing - Earnest money deposit

http://www.brokeroutpost.com/reference/147453.htm (Updated: 08/04/2007)
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Loan-To-Value Ratio
Loan-to-Value Ratio (LTV) is one of the most important factors banks scrutinize when evaluating the potential default risk of a mortgage loan application. The LTV is derived by dividing the loan amou

http://www.brokeroutpost.com/reference/139660.htm (Updated: 07/19/2007)
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home values
Many homeowners wonder what their house may be worth on their local real estate market. One of the best ways to determine the value is to hire an appraiser to appraise the value of your home.

http://www.brokeroutpost.com/reference/43904.htm (Updated: 06/27/2007)
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What should I know about refinancing?
There are several things to know about refinancing. Make sure you make copies of all your paperwork and don't give out originals. Make sure you order your own appraisal. Make sure you compare all l

http://www.brokeroutpost.com/reference/54366.htm (Updated: 05/24/2007)
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How can I find out my home's value?
You can check with a local Realtor. They have access to comparable sales and can give you a pretty good idea what homes are worth in your area.

http://www.brokeroutpost.com/reference/58475.htm (Updated: 05/22/2007)
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Types of closing costs
Certain areas of the country may have added closing costs, but these are the general types of closing costs you might see at closing: Attorney's or escrow fees Property taxes Pre-Paid Interes

http://www.brokeroutpost.com/reference/15734.htm (Updated: 05/16/2007)
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What does an appraisal consist of?
When appraising a home, the appraiser will usually find 3 comparable properties in the same area, and compare the sales prices of the 3 to come up with a value for your home.

http://www.brokeroutpost.com/reference/59923.htm (Updated: 04/02/2007)
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What is a desk review appraisal?
In today's real estate market, many lenders are requiring a second opinion of value for your particular property. One type of second opinion is a desk review appraisal.

http://www.brokeroutpost.com/reference/102238.htm (Updated: 03/13/2007)
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Consumers Right to Receive an Appraisal Report
You have the right to a copy of the appraisal report used in connection with your application for a mortgage loan. You must write to your lender or broker within 90 days of your application date to r

http://www.brokeroutpost.com/reference/18614.htm (Updated: 03/10/2007)

Closing costs and settlement charges
Closing costs and settlement charges usually include an origination fee, discount points, appraisal fee, title search and insurance, survey, taxes, deed recording fee, credit report charge and other c

http://www.brokeroutpost.com/reference/65148.htm (Updated: 10/28/2006)

Frequently asked questions about loans
Will I need an appraisal? Most loan programs will require a new appraisal. Sometimes, with good credit borrowers, the bank will waive the appraisal requirement but usually, the bank will want a ne

http://www.brokeroutpost.com/reference/57862.htm (Updated: 09/07/2006)
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Selling my home quickly
There are several ways to help sell your home quickly even in a difficult market. One way is to stage the home. It is worth the extra expense of paying for a professional to stage your home. An

http://www.brokeroutpost.com/reference/57109.htm (Updated: 09/06/2006)
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What's my house worth?
When looking to refinance, many borrowers ask the question, "How much is my home worth?" The most accurate way to determine the value is to get a professional appraisal done on your home. To get a

http://www.brokeroutpost.com/reference/53141.htm (Updated: 09/06/2006)
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Documents needed for your Loan
The following is a list of typical items needed for your mortgage application. These items are are needed depending upon type what type of mortgage you're interested in and your ability to provide the

http://www.brokeroutpost.com/reference/43091.htm (Updated: 09/06/2006)
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Will I need to get a new appraisal?
Most of the time, you will need a new appraisal if you're applying for a new mortgage loan. This fee varies in different parts of the country, but should range from $250-400 for a single family appra

http://www.brokeroutpost.com/reference/57095.htm (Updated: 09/03/2006)
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Apply for a mortgage
A borrower can apply for a mortgage online, or by speaking with a mortgage professional on the phone, or by stopping in to sit down with a mortgage professional. You will need to complete a 1003 (loa

http://www.brokeroutpost.com/reference/23513.htm (Updated: 09/03/2006)
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Online Property Value Estimators
Online value estimation sites are a good way to get an "IDEA" of what your home may be worth if you were to sell your home. You need to keep in mind that these estimates are based off of tax records

http://www.brokeroutpost.com/reference/23612.htm (Updated: 04/06/2006)
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Appraisal Report
An appraisal is a report that provides an opinion of value of the subject property and supports that opinion with the utilization of 3 approaches: a comparable sales approach, a cost approach, and an

http://www.brokeroutpost.com/reference/23614.htm (Updated: 03/03/2006)
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Home's Market Value
In the real world, very few individuals order appraisal reports to establish an offering price or to substantiate a purchase price. At the point that an offer to purchase (in a typical residential tra

http://www.brokeroutpost.com/reference/25142.htm (Updated: 03/02/2006)

Increasing your homes value
There are many things you can do to increase the value of your home. You can add on to your home by having an addition built. Increasing your home from a 3 bedroom to a 4 bedroom will add value. Addin

http://www.brokeroutpost.com/reference/23604.htm (Updated: 03/01/2006)
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The Lending Process
The Lending process starts with interest from the borrower in either buying a home or refinancing. When thinking about buying a home many people start to look for houses first. The first step should

http://www.brokeroutpost.com/reference/13642.htm (Updated: 02/19/2006)

Application fees
A sum of money paid towards estimated initial mortgage processing expenses such as appraisal and credit report.

http://www.brokeroutpost.com/reference/23655.htm (Updated: 02/19/2006)

Closing Costs
Closing Costs Explained Closing costs are the actual expenses that the lender incurs in the origination of a new home loan. Some of the costs are related to your loan application, such as the expen

http://www.brokeroutpost.com/reference/18240.htm (Updated: 02/19/2006)

Quick Closing
How can you help speed up the mortgage process? There are many ways to assist with this. Here are a few: Be prepared with all necessary documents that you may need and keep them all in one place for e

http://www.brokeroutpost.com/reference/22629.htm (Updated: 02/14/2006)
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In most cases, lenders require a professional, independent appraisal of the property you want to buy or refinance to ensure that it is worth at least as much as they are being asked to lend on it. If

http://www.brokeroutpost.com/reference/13625.htm (Updated: 02/04/2006)

A qualified individual who uses his or her experience and knowledge to prepare the appraisal estimate.

http://www.brokeroutpost.com/reference/10974.htm (Updated: 01/28/2006)


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