Home Purchase

Refinance - Debt Consolidation - Home Equity

What is an Appraisal ?

Appraisal is a document that gives an estimate of a property's fair market value. An appraisal is generally required by a lender before loan approval to ensure that the mortgage loan amount is not more than the value of the property. The appraisal is performed by an "appraiser" who is typically a state-licensed individual trained to render expert opinions concerning property values. In an appraisal, consideration is given to the property, its location, amenities as well as its physical conditions.

Licensed by the PA Dept of Banking, NMLS# 109471

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