Category Archives: Residential Appraisal

Home Appraisal Questions Answered by AmeriFirst Home Mortgage – Connecticut

First time home buyers and real estate agents often work with appraisers. From repairs to below-grade footage, a home appraisal includes a lot of information for the buyer, the agent and the lender. Different mortgage programs require differing information. An FHA mortgage may have different requirements than a VA mortgage loan or a Rural Development loan. AmeriFirst Mortgage Consultant Jeremy Drobeck (http://www.1stclassmortgageservice.com/ ) talks to home appraisal expert Paul Weaver ( http://paulweaverandassoc.com/ ) about the process.

Understanding the Home Appraisal Process – Connecticut

Consumers are often baffled by the home appraisal process. They may feel their home is worth a certain dollar amount, and therefore, the appraised value doesn’t make sense to them. It is important to know that appraisal guidelines are dictated by the lenders and the law. In many states, the lenders must disclose the purpose of the appraisal, as each situation carries its own set of rules.