Are VA appraisers harder than conventional appraisals?
Are VA appraisers harder than conventional appraisals?
appraisal
What is a Property Inspection Waiver (PIW)?
A Property Inspection Waiver (PIW) is an offer to waive the appraisal requirement for eligible mortgage transactions. Instead of getting a traditional appraisal with a visit to the subject property,
Appraisal came back over contract price, what does this mean?
The property's value is worth more than you are purchasing it for. Therefore, you have more equity in the house. In terms of the mortgage approval, it doesn't change anything. Mortgage lenders use the lower of the contract price or appraised value when calculating loan to value.