Loan Process
Home Appraisal
| Home Appraisal |
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The lender needs to know if the value of your home is enough to secure the loan. To get this information, the lender typically hires an appraiser, who gives a professional opinion about the value of your home. ECOA requires your lender or mortgage broker to tell you that you have a right to get a copy of the appraisal report. The notice will also tell you how and when you can ask for a copy. |
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| Last Updated ( Thursday, 31 May 2007 ) |