A home appraisal is an important part of the mortgage process. This is the point where a professional appraiser performs inspections and conducts research about the home that's being bought or sold as a means to offer an unbiased opinion on the home's value. For buyers, this is a necessary step before securing Tupelo mortgage loans from reputable lenders like Churchill Mortgage Corporation. What Appraisal Means to the Buyer As a buyer, one of the first steps you would even consider is borrowing money from a reputable lender to pay for your purchase. The lender, in turn, will determine whether or not you are over-(or under-) borrowing, thus, the need for the appraisal. Should you default in payments, the lender will have to sell your home in an auction to recoup your remaining balance.
http://tupelo.churchillmortgage.com/info-article/mortgage-for-tupelo-homes-the-hows-and-whys-of-home-appraisal/
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