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· A VA appraisal is not the same thing as a home inspection. When you apply for a VA purchase loan, an appraisal is required to help protect borrowers from purchasing properties that are not safe, sound or sanitary.
Appraisers essentially work for the bank. The bank wants to make sure they are making a good investment by giving you a loan. If they lend you more than the home is worth, they are at risk of you just walking away from the home and the mortgage. The appraisal does protect you in a way too, though. It helps you understand the true value of the home.
Is there a difference between FHA Inspections and Regular Inspections? Would you still hire a regular inspector? Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.
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The worries about a wage blowout have been shown to be utterly misconceived, and for the decade ahead the real concern should be about wage collapses and the rise in inequality that will follow,
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Moreover on this measure the 2013-14 budget predicted the number in the current year will be only 18,000 above the 2006-07 level: And if we go by the 2007-08 level – and clearly the Liberal Party owns.
A home appraisal is a valuation of your property conducted by an “expert” licensed appraiser assigned to your case by a bank or other lending institution (generally at random, based on new banking regulations). home appraisers visit your property to assess the condition of the space and take an inventory of.
An FHA Inspection Determines a Home’s Value. Many home mortgage loans are backed and insured by the federal housing administration. Because the lender isn’t there to see the property firsthand, set of eyes and ears on site is important.