30 Years of
Mortgage Experience

NMLS# 3700

215-396-8101 or 877-214-9417

30 Years of
Mortgage Experience

NMLS# 3700

215-396-8101 or 877-214-9417

Sunday, June 25, 2017
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Mortgage Applications

 

 

 

Mortgage Applications

 

 

 

Helping the Appraiser

Once you have selected an appraiser, be prepared to answer questions and provide requested information such as:

  • What is the purpose of the appraisal?
  • When is the required completion date of the appraisal?
  • Is the property listed for sale and if so, for how much and with whom?
  • Is there a mortgage? If so, with whom, when was it placed, for how much, type of mortgage [FHA, VA etc.], interest rate, and are there any other types of financing.
  • What personal property, such as appliances, are included ? If it is an income producing property, a breakdown of income and expenses for the last year or two and a copy of leases.
  • A copy of deed, survey, purchase agreement, or other pertinent papers pertaining to the property.
  • A copy of current real estate tax bill, statement of special assessments, balance owing and on what [sewer, water, etc.].