Cheap Home Loan Rates https://www.cheaphomeloanrates.com Wed, 25 Mar 2015 23:15:21 +0000 en-US hourly 1 https://wordpress.org/?v=4.1.42 7 Tips for a Higher Home Appraisal https://www.cheaphomeloanrates.com/7-tips-for-a-higher-home-appraisal/ https://www.cheaphomeloanrates.com/7-tips-for-a-higher-home-appraisal/#comments Sun, 22 Feb 2015 22:43:10 +0000 http://localhost/cheaphomeloanrates/?p=813 When you’re getting your home appraised, there’s no doubt you want the appraised value to be as high and as accurate as possible. You want to make sure that value detracting items in your home are taken care of and that your loan or refinance transaction will be a success.  Take a look at the following 7 tips to see how you can help your home achieve just that!

1. Complete Major Repairs or Maintenance

Is your roof worn or damaged? Is your basement wall bowing? Major repairs can have a detrimental effect on your home value especially when homes comparable to [...] Read more]]> https://www.cheaphomeloanrates.com/7-tips-for-a-higher-home-appraisal/feed/ 0 What is An Appraisal Management Company (AMC)? https://www.cheaphomeloanrates.com/what-is-an-appraisal-management-company-amc/ https://www.cheaphomeloanrates.com/what-is-an-appraisal-management-company-amc/#comments Sun, 22 Feb 2015 18:07:14 +0000 http://localhost/cheaphomeloanrates/?p=782

Appraisal Management Companies are intermediaries that help facilitate an objective and unbiased appraisal process that is void of fraud and value influence.  They are service based businesses that handle the assigning and reviewing (preliminary review) of real estate appraisals.

Appraisal Management Companies Put Simply

An AMC selects an appraiser from your area to appraise your home. They are hired by the lender or financial institution that is issuing your loan. Appraisal Management Companies will only affect you if you are obtaining a loan (mortgage) from a lender who utilizes them. Many large financial institutions (such as J.P Morgan Chase Bank) do, however many local banks [...] Read more]]> https://www.cheaphomeloanrates.com/what-is-an-appraisal-management-company-amc/feed/ 0 What is A Home Appraisal? https://www.cheaphomeloanrates.com/what-is-a-home-appraisal/ https://www.cheaphomeloanrates.com/what-is-a-home-appraisal/#comments Sun, 22 Feb 2015 16:42:18 +0000 http://localhost/cheaphomeloanrates/?p=765 When you go to obtain loan to buy a house or refinance your current one, the bank will require an appraisal done by a state licensed or certified appraiser to formulate an opinion of its market value. The value on the appraisal will determine whether you are eligible to borrower the amount you’ve applied for (based on the set loan to value ratio) or whether you can complete the purchase of a new home.

The Basics of a Home Appraisal

For residential transactions, your home appraisal will be completed on an industry standardized appraisal report form. The report form will be a [...] Read more]]> https://www.cheaphomeloanrates.com/what-is-a-home-appraisal/feed/ 0