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January 19, 2023
In economics, appreciation is a general term used to describe the increase in value of an asset over time. The increase can occur for many reasons. These often include an increase in demand or a shorter supply, or it could be associated with changes in inflation or interest rates. In a mortgage contract, the term appreciation describes the appraised value of the home.
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Loan Default
Financial Considerations (For First-Time Home Buyers)
Mortgage Loan Types
Payment and Debt Ratios
Home Value: Appraised, Estimated, Actual