Property Appraisal

As you approach the final stages of securing your mortgage, it’s crucial to understand the various verifications that lenders perform to ensure they’re making a sound investment. Just as you confirm the condition of your future home through a property inspection, lenders also conduct thorough checks before finalizing your mortgage. These steps are designed to protect both you and the lender, and while they may add to your closing costs, they play a vital role in a smooth transaction. Key Final Verifications Property Appraisal One of the first steps in this final verification process is the property appraisal. This independent…