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Pre-Loan Appraisal - Cobb County Home Appraiser

Pre-Loan

Cobb County Home Appraiser
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Since 2001

Pre-Loan Appraisal

Thinking about refinancing? Don’t know if refinancing makes sense for you? Many homeowners want to refinance their home loans in order to take advantage of lower mortgage rates. Before a loan is approved, however, the borrower likely will be asked to order a professional appraisal to assess the value of the property. Get a pre-loan appraisal from Cobb County Home Appraiser using one of our state-certified appraisers. We offer affordable and professional appraisals to establish your home’s present market value. Our reports conform to the USPAP guidelines and all federal regulations and standards. Get the information you need to make sound financial decisions.

Pros of Pre-Loan Appraisals

Experts say some of the pros of a pre-loan appraisal include the following:

  • Potentially avoid PMI.

    If the terms of a borrower’s existing loan require private mortgage insurance, chances are it would be required after a refinance too. On the contrary, if the actual market price of the property is higher than what the lender assumes, and the loan is less than 80 percent of the home’s true value, the borrower may not have to pay for PMI. A good way to determine if the loan-to-value ratio is low enough to avoid PMI is to order an appraisal.

  • Capture a lower interest rate.

    If the loan-to-value ratio is too high, the lender may charge the borrower a higher mortgage rate to reflect greater risk. However, if an appraisal shows the loan is a much smaller percentage of the home’s value, the borrower may receive a lower interest rate, which could lower the monthly payment.

  • Spot rising trends.

    While many people look to real estate agents to identify when a market rebounds, professional appraisers have that ability, too. Cobb County Home Appraiser is familiar with the area, and can spot a rising trend in prices and document it in the appraisal.

Cobb County Home Appraiser ensures you are get the most accurate and detailed report about the property before you start the loan process. Lenders throughout Cobb County have come to rely on the knowledge and attention to detail of Cobb County Home Appraiser.