Understanding Appraisals When Refinancing

Understanding Appraisals When Refinancing

Mortgage rates are low right now, and you may be inspired to refinance to get that lower rate, get a lower monthly payment, or even take some cash out of your equity. If you do decide to refinance your home, your lender will most likely require an appraisal to determine the value of your home and decide what your loan amount and new monthly payment will be. Continue reading “Understanding Appraisals When Refinancing”

Why You Need a Property Survey

Why You Need a Property Survey

There are many things to think about when buying a home. You probably already know about the importance of completing a home inspection to make sure the home’s structure and systems are sound. Similarly, a home appraisal is important as well, because it will determine the value of the home you’re thinking of buying. Another item that should be on your home-buying to-do list is a property survey.

Continue reading “Why You Need a Property Survey”