Assumable Mortgages

Pre-Approvals

If you’re looking to buy a home, getting pre-approved is part of the process. A pre-approval is not only required in order to make an offer, but it is important for several other factors, as well. (If you are a cash buyer, this does not apply – you would instead need proof of funds, which […]

Appraised Value and Possible Appraisal Gap

An appraised value is an evaluation of a property’s value based on a given point in time. The evaluation is performed by a professional third party appraiser during the mortgage origination process. The appraiser is usually chosen by the lender but is paid for by the borrower at closing. Appraisals are important when obtaining a […]