Advertising

Appraisal

• Is an expert evaluation of the current, probable market value for a property. It is not necessarily the market value or transaction price.

 
 Embedded terms in definition
 Market value
Market
 
 Referenced Terms
 Fair price provision: See: Appraisal rights.

 Rams reverse annuity mortgages: Mortgages in which the bank makes a loan for an amount equal to a percentage of the Appraisal value of the home. The loan is then paid to the homeowner in the form of an annuity.

 
 Related Terms
 Appraisal ratio
Appraisal rights

<< Api Appraisal ratio >>

Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...

The difficulty lies not so much in developing new ideas as in escaping from old ones. - John Maynard Keynes

Advertising



Copyright 2009-2018 GVC. All rights reserved.