Inspections
Filed Under Blog · Tagged: buying a home, Portland Homes, Portland Realtor, Relocation, Vancouver Realtor
I am often asked what a lender inspection is. It means that the company providing the mortgage (Bank, or lender) will send someone to look at the property you are going to purchase or refinance. They do this to be sure that the property is worth the amount of the proposed loan. There are many factors involved in determining the value. This is called an appraisal.
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