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  2. How to prepare for FHA appraisal requirements - AOL

    www.aol.com/finance/prepare-fha-appraisal...

    The FHA requires an appraisal (and so do many mortgage lenders for all kinds of loans, such as conventional loans), while an inspection is an optional but highly recommended step. Appraisals also ...

  3. Refinance appraisal: How it works and what to expect - AOL

    www.aol.com/finance/refinance-appraisal-works...

    Appraisal fees are included in the closing costs a borrower pays. The median cost of a house appraisal is $500, according to a 2022 survey by the National Association of Realtors. However, the tab ...

  4. Real estate appraisal - Wikipedia

    en.wikipedia.org/wiki/Real_estate_appraisal

    The leading appraisal organization for personal property valuation is the American Society of Appraisers which is a sponsor member of the Appraisal Foundation and awards the ASA (Accredited Senior Appraiser) designation to candidates who complete five years of documented appraisal experience, pass a comprehensive exam along with required ...

  5. Understanding the mortgage underwriting process - AOL

    www.aol.com/finance/understanding-mortgage...

    An appraisal is an evaluation of the property’s worth conducted by a certified appraiser. This is done to ensure that the amount you’re borrowing is in line with the value of the home you’re ...

  6. Real estate contract - Wikipedia

    en.wikipedia.org/wiki/Real_estate_contract

    The successful sale of another house may be needed to finance the purchase of a new one. Appraisal contingency – Purchase of the real estate is contingent upon the contract price being at or below a fair market value determined by an appraisal. Lenders will often not lend more than a certain percentage (fraction) of the appraised value, so ...

  7. Mortgage origination - Wikipedia

    en.wikipedia.org/wiki/Mortgage_origination

    The loan processor then orders services and coordinates loan documents. Underwriting: determining if the risk of offering a mortgage loan to a particular borrower under certain parameters is acceptable, and includes verification, appraisal, title search and insurance, flood certification, and surveying.

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