Appraisal

The appraisal is one of the big three items that a lender makes their decision on. The appraisal is an independent 3rd party opinion of market value. The appraiser will analyze your home compared to other homes that have sold. The key word is sold. When markets are down or slow the appraiser has to go farther away from your home or make more adjustments to the sold homes to make up for differences in size, bedroom count, bathrooms etc...

The appraiser's job is NOT to get a certain number to make your loan work. The appraiser's job is independent of the loan's success or failure.

for more information on appraisals contact me via my website at: http://www.new-hampshire-home-mortgage.com