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If you’re trying to decide whether to trade in your car or refinance, there’s a lot to consider. Your monthly payment amount, current interest rates, and your car’s value can all influence ...
Knowing your car’s value is an important piece of information. You may use this figure for insurance reasons, when preparing to buy or sell, when preparing to refinance or when calculating your ...
Bankrate’s take:An appraisal can help you, the homeowner, too.By providing a current valuation of your home, an appraisal can come in handy if you contemplate selling your property. If your home ...
A broker's price opinion (BPO) is a report that is performed by a licensed real estate agent, broker. or appraiser.A BPO is an informal appraisal. It is similar to doing a CMA (Comparative Market Analysis) but most times the real estate professional gets paid to do a BPO.
An appraised value (United States) or mortgage valuation (Australia) pertains to the assessed value of real property in the opinion of a qualified appraiser or valuer. It is usually a pre-qualification & risk-based pricing factor related to the issuance of mortgage loans by a financial institution .
This amount is divided by the debt that the borrower wants to pay off plus other disbursements (i.e. cash-out, 1st mortgage, 2nd mortgage, etc.) and the appraised value (if a refinance) or purchase price (if a purchase) {which ever amount is lower} and converted into yet another ratio called the Loan to value (LTV) ratio. This ratio determines ...
Factors Affecting a Car’s Value. Several factors affect your car’s value, including its condition, history and market demand. Let’s look at these factors and why they matter to prospective ...
If your home is appraised at $300,000 and you owe $150,000 on your mortgage, refinancing that mortgage does not change the fact that your home is worth $300,000.