A home appraisal is a survey of your home performed by a professional appraiser who is trained to determine the value of your property.. This doesn’t need to be a full-house repaint, but you.
A home appraisal protects you and your mortgage lender by preventing you from paying too much for the property you want to buy.
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First-time Homebuyer A conventional 97 loan offers a low down payment option of 3% and is a great alternative to an FHA loan. VA loan service members and veterans can buy a house with no down payment or PMI. Conventional Loan This is a common option for those using a down payment of at least 5% to buy or refinance a home. Jumbo Loan This loan is for those looking to finance a loan amount.
Yes, you will need an appraisal if you decide to refinance your current home loan. It’s possible to refinance from conventional to FHA but you will be required to pay PMI. However it’s best to consult with a mortgage professional. I would recommend AmCap Mortgage (local lender) 281-860-2533.
Mortgage Atlanta – Georgia’s Best Mortgage Company! – Mortgage Atlanta provides the Best Rates at the Best Price!Have us contact you today if you are interested in: Purchase, Refinance, debt consolidation fha, VA, Conventional, Jumbo. If Georgia is your home Mortgage Atlanta should be your lender!