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Mortgage Professor about home appraisal: 
Is FHA Responsible For the Leaky Roof?
March 19, 2001 "We just purchased a home with an FHA loan and the seller did not disclose many problems?The roof leaks, the toilet is falling through the floor?FHA inspected the house before we moved in, and they will get the house if we default and move out? We thought ... more...

Detail on Single-Lender Mortgage Web Sites
Summary Rankings of Web Sites, January 12, 2005  Rank URL Score Rank URL Score 1 Amerisave.com 47   2 Eloan.com 46 11 Countrywide.com 25 3 Mortgage.com (ABN ... more...

home appraisal related definitions

Appraisal
Appraisal An estimate of the value of property, made by a qualified professional called an "appraiser". Before a lender will lend you the money for a home, they will first require an appraisal to be done by a qualified licensed appraiser ... more...

Assessment
Assessment A local tax levied against a property for a specific purpose, such as a sewer or street lights. Closing Costs Loan To Value Ratio Home Inspection ... more...

More about home appraisal

Get Free home appraisal Quotes and Estimates

Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

Home Mortgage and Financing Terms
Every business has it's jargon and residential real estate is no exception. Mark Nash author of 1001 Tips for Buying and Selling a Home shares commonly used mortgage and financing terms with home buyers and sellers.-Adjustable rate mortgage (ARM): A type of mortgage loan whose interest rate is tied ... more...

Mortgage Loan Closing Costs
Closing costs for home refinancing or purchases are often misunderstood and frustrating for the buyer and seller (who is probably very soon going to be a buyer). Closing costs are assessed once a purchase agreement is finalized with the seller and/or their agent. The various costs will vary by ... more...

Selling Your Home What Can Go Wrong With Title and Lenders
If youre selling your home, there are going to be difficulties at some point in the transaction. Some problems cant be fixed. Its important to figure out whether yours are fixable or not. Then you can either fix them or move on and find another buyer. If its priced appropriately, theres a buyer ... more...

Special Circumstances with your Mortgage
There is such a thing as special circumstances and these occur when your application is a little iffy. In these cases your mortgage application will be rejected or else the lender will ask you for some more information and documentation in order to deal with any problems that they feel have arisen. ... more...

How Appraisals and Assessments Differ
Many people think appraisals and assessments are the same thing or at least that they should be for the same amount. The truth is they can vary greatly. Lets look at each of them.AppraisalsAn appraisal is an estimate of market value. An appraiser can use many methods for coming up with this ... more...

Atlanta Mortgage Refinancing
Mortgage lenders also provide refinancing to borrowers. The Atlanta Mortgage Group Inc. offers "No Cost" Refinancing, in which the borrower is not required to pay closing costs. Generally there will be fees associated with obtaining a mortgage relating to relating to loan origination, appraisal, ... more...

Hidden Bank Loan Charges That Would Make a Pick-Pocket Envious
There can be more to a bank business loan than making interest and principal payments. Your firm may get a great rate on its new credit line or term loan but you may cry on the way home when you discover the hidden fees and charges.Even seasoned borrowers can be caught off guard. Borrowing costs ... more...

Home Mortgages: Does a No-Closing-Cost Loan Make Sense for You?
I have heard a number of radio ads and have seen many newspaper ads offering no closing cost home mortgages. These ads will tell you that you can get a new mortgage or refinance your existing mortgage at absolutely with absolutely no closing costs.. There are no points, no charges for an appraisal, ... more...

Home Equity Loan Not Just For Home Repairs, And Tax Deductible, Too!
Thanks to the combination of low interest rates and skyrocketing property values, home equity loans are more popular than ever. The value of home equity loans taken out by Americans has doubled in the last two years, and the market for them shows no signs of slowing down. Obtaining a home equity ... more...

Selling by Owner Escrow or Closing Checklist
Home sellers should keep on top of their pending sale; especially when selling without the assistance of a real estate agent. Sometimes busy real estate agents forget to monitor all aspects of a pending sale.Heres a checklist for home sellers:Selling Escrow ChecklistProperty Address:Date escrow ... more...

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