An Appraisal is an estimate of a property's fair market value. It's a document generally required (depending on the loan program) 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" typically a state-licensed professional who is trained to render expert opinions concerning property values, its location, amenities, and physical conditions.
We've been helping customers afford the home of their dreams for many years and we love what we do.
Just Mortgages, Inc.
NMLS # 238420
David C. Bradley
NMLS # 237365