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How a Home Appraisal Works

When you apply for a home loan, a lender will usually require an appraisal of the property, whether you’re buying a house or refinancing a mortgage. What is a home appraisal? A home appraisal is a licensed or certified appraiser’s opinion of a home’s value. The appraisal is based on research of recent sales of... Barbara Marquand is a writer at NerdWallet.

 

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