Refinance Appraisal Vs. Purchase Appraisal A professional estimate of your home’s value can show the lender that you won’t be borrowing more money than the property is worth. Many homeowners are not aware that they will likely need a new appraisal before they can refinance their mortgage. Let’s go over some differences between a refinance
How to maximize your market rent appraisal? Many lenders now require a market rent analysis to ensure that borrowers can support their debt when issuing a mortgage. This can come in the form of a tenancy agreement or a market rent appraisal from an approved appraiser. Unlike the good old days when a market estimate
What is the difference between a Full Appraisal and a Drive-By Appraisal? April 24, 2020 We are often asked the difference between a drive-by appraisal and a full appraisal (with no interior inspection, using photos and data from the homeowner and/or realtor). Especially during this time when interior inspections cannot be conducted due to COVID-19,
Adlaw Market Update – Metro Vancouver July 4, 2018 The market is taking on a new face, and it is not a happy one for homeowners. The recent surge of supply and lowering demand is providing excellent opportunities for those looking to buy, or buy up (meaning if you wanted to buy a bigger, nicer
