Published on Jan 5, 2015 Mortgage amortization tells you how much of your monthly mortgage payment is interest and how much is principle each month. The principle is the total loan amount that you borrow for your mortgage, and the interest is the percent of that principle that you pay in order to borrow the… Continue Reading Understanding Mortgage Amortization | Quicken
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Published on Aug 26, 2016 Appraisal adjustments are one method home appraisers use to help determine the fair market value of your home. An appraisal adjustment is the process of identifying recently sold homes in your area and then estimating what those homes would have sold for if they had all the same characteristics as… Continue Reading Understanding Home Appraisal Adjustments | Quicken Loans Education
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Home appraisal repairs, also known as appraisal conditions or repair stipulations, are specific repairs or improvements that an appraiser requires to be completed on a property before they can appraise it at a certain value. These repairs are typically requested when the appraiser identifies issues that affect the property’s overall condition, safety, or marketability. Here’s… Continue Reading Understanding Home Appraisal Repairs | Quicken Loans Education
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