Underwriting

What is underwriting and what part does it play in the mortgage process? The underwriter plays a key role in reviewing the clients file for mortgage approval. They look at credit history, income, appraisal on the property and overall risk and benefits of the loan itself. They then making a determination based on these risks […]

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What is Market Value?

Market value not to be confused with Property Assessment (used by local county to determine taxes), the property’s market value is the highest price a buyer would pay and the lowest price the seller would sell for. In most cases an appraisal will be ordered to justify this when obtaining a mortgage to protect the […]

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