If you have never gone through the home buying process before, you may encounter the term “Home Appraisal” and get a puzzled look on your face. A home appraisal is estimate of your home and property, completed by a professional and licensed home appraiser, to determine its value. Whenever a mortgage is involved, whether it be a new home purchase or a refinance, an appraisal will be ordered to determine the value of the home. That being said, How Does a Home Appraisal Effect Your Mortgage? Check out what the industry experts at Zillow have to say about it, and contact one of our Mortgage Professionals at Marketplace Home Mortgage, to answer any additional questions you may have!
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