Back to Glossary
Appraisal or Appraised Value
January 19, 2023
The appraised value of a home is an evaluation of the value of a property based on a specific point in time. This evaluation is performed by a professional appraiser during the origination of the mortgage process. Oftentimes, the appraiser is chosen by the lender but is often paid for by the borrower.
Related Topics
10 Best Home Builders in Nashville, TN: Find Your Dream Home Today
Wesley Mortgage 2023 Year-In-Review
What Is a Property Tax Lien
What Is an Adjustable Rate Mortgage (ARM)?
Navigating the Process of Mortgage Modification
What Is Non-Recourse Lending?
What Is a Short Sale?
When Is the First Mortgage Payment Due?