| Whether you’re buying or refinancing a house, you’ll need an appraisal before signing anything. With an appraisal, your lender is looking to verify the current market value of the house. This serves two purposes: First, to make sure your home is worth what they’re lending you, and second, to assess the risk of that loan. If you’re preparing to buy or refinance a home, make sure you know the basics of appraisals.
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