appraisals

Mortgage Resources | Appraisals

What are Appraisals?

An appraisal is a written document that shows an opinion of how much a property is worth. The appraisal gives you useful information about the property. It describes what makes it valuable and may show how it compares to other properties in the neighbourhood.

Why do lenders require Appraisals?

When you borrow money to buy or refinance a home, your lender may need to get a new appraisal to verify the stated value of the property. An appraisal helps assure you and your lender that the value of the property is based on facts, not just the seller’s opinion.

How can I obtain an Appraisal?

If a lender requires an appraisal, we will order the appraisal on your behalf.
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