Tag Archives | Appraisal

Seven Things Your Orange County Real Estate Agent Should Know About Your Mortgage Approval

By on July 1, 2010 in Mortgage

While many experienced  Orange County real estate agents have a general understanding of the mortgage approval process, there are a few important details that frequently get overlooked which may cause a purchase to be delayed or denied. New regulations, updated disclosures, appraisal guidelines, mortgage rate pricing premiums, credit score, secondary approval layering, rescission deadlines, property [...]

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Four Possible Reasons To Refinance

By on March 31, 2010 in Mortgage

A mortgage is generally the largest debt most homeowners have to manage.  It’s a good idea to give your personal real estate finance portfolio a check-up at least once a year. Since there are many reasons a homeowner may choose to refinance, we’ll take a look at the four most common. 1.  Mortgage Rates Drop: Typically, the [...]

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What Do Appraisers Look For When Determining A Property's Value?

By on March 29, 2010 in Mortgage

Most people are surprised to learn what appraisers actually look at when determining the value of a real estate property. A common misconception homeowners generally have is that the value of their home is determined after the appraiser has completed their physical property inspection. However, the appraiser actually already has a good idea of the [...]

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Understanding the Difference Between an Appraisal vs Neighborhood Listing Prices

By on March 28, 2010 in Mortgage

Why is there such a difference between what my appraised value is and the price similar homes are selling for on my street? It’s a great question, and you don’t have to be a mortgage professional or a real estate agent to understand the answer. The distinction lies in the purpose of the two valuations [...]

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Five Myths About Home Values

By on March 28, 2010 in Mortgage

During periods of economic growth, when home values are typically just going up, most homeowners do not question appraisals much. And in times of turmoil when property values are declining, home sellers and even listing agents quite often question and pick apart appraisals. However, the actual appraisal process changed very little over the course of the [...]

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