Posted by Batool Shamim on September 1, 2010 ·
The term property value is of vital importance to the lenders of the mortgage loan. This is because they need to accurately determine what the real value of your house will be so that they can provide mortgage according to that. Estimated value of your house is just an estimate and not the real value on paper. This might be an educated guess of your perception of what the value of your house might be. Appraised value is found during the middle process of your mortgage. For this the bank will charge you an upfront fee and send a certified appraiser hired by them, who would come to your house and appraise the value of it.
Posted by R. Mak on February 1, 2010 ·
This above article explains comprehensively the ways of refinancing a loan. It also tells the safe shortcuts you can take while going for it. It also briefs about the things to be known before refinancing.
