A
mortgage appraisal is an evaluation of a property's value done by a professional appraiser. It helps banks or lenders determine how much they can lend to a borrower for a mortgage loan based on the property's estimated worth.
Full definition
Synonyms for individual words can be found below.
«mortgage»
«appraisal»
Sentences with «mortgage appraisal»
- This information can be used for figuring out the highest and best use, which serves as critical data in the home mortgage appraisal process. (springshomes.com)
- Before you buy a house or get a new mortgage an appraisal of the property may be required. (mortgagebrokerstore.com)
- The difference between the two is that a commercial loan appraisal can take up to 30 days longer than a traditional mortgage appraisal. (mortgagecalculator.biz)
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