Sentences with phrase «completed appraised value of the home»

Not exact matches

Then, when your home is appraised as part of the mortgage approval process, your appraiser will assign a home value based on what your home will be worth after your upgrades are complete.

If the appraisal meets or exceeds the price you have offered for the home, that piece of your loan application is complete; but if the appraisal comes in too low, you will only be allowed to borrow up to the maximum of the appraised value — minus your down payment.

The chief advantage of this type of loan, called a 203k, is that the loan amount is based not on the current appraised value of the home but on the projected value after the repairs are completed.

The chief advantage of this type of loan, called a 203 (k), is that the loan amount is based not on the current appraised value of the home but on the projected value after the repairs are completed.