What is an appraisal?
Philadelphia Mortgage Brokers
Philadelphia Mortgage Brokers Pennsylvania
Published on February 24, 2021

What is an appraisal?

Appraisals are very commonly required by lenders. First time home buyers often ask us what is an appraisal and why do I need one? An appraisal ensures you aren’t overpaying for the property and protects the lender from over-lending. While many mortgage loans still require an appraisal, there are a few instances where one might be waived. For more information on how to navigate a low appraisal, see our Appraisal Under Asking blog.

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Philadelphia Mortgage Brokers
Philadelphia Mortgage Brokers Pennsylvania
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