Sentences with phrase «mortgage purposes instead»
Ergo, this is the reason that banks use only CRA designated fee appraisers» consultative - driven opinions - of - value to establish market value bench - marks when lending for mortgage purposes instead of relying upon real estate salespersons» opinions, which, depending upon the Realtor, could be just as accurate as an appraiser's opinion.
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You might consider a traditional second mortgage loan instead of a home equity line if, for example, you need a set amount for a specific purpose, such as an addition to your home.