What is a home appraisal, and how does it work?
Mortgage lenders require appraisals to ensure they’re not loaning you more than the home is worth.
Taylor Freitas is a Bankrate contributor with over a decade of professional journalism experience. Over her career, she has covered various topics, including personal finance, credit cards, travel rewards, home ownership, mortgages, and home improvement.
When she isn’t writing, Taylor can be found using points and miles to explore new countries (most recently, Cambodia and Vietnam), discovering new music, and cheering on her beloved USC Trojans.
Mortgage lenders require appraisals to ensure they’re not loaning you more than the home is worth.
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