Most lending institutions, including brokers and banks, will require an appraisal on a property when considering the amount, type, and length of a home loan.
A home loan typically includes Primary Mortgages, Secondary Mortgages, Home Equity Credit Lines, Bridge Loans, Construction and Remodel Loans, and Reverse Mortgages.
A lender will use an appraisal to establish the amount of a loan and to assess the level of risk in relation to the value of the property on which the loan is made. The lending industry is fast-paced, so it is important to have an accurate and timely opinion of value.
Terrascope Appraisal provides a fast and thorough service while remaining competitive with fees.