appraisal

4 minutes read
More homeowners and homebuyers can hope for appraisal-free transactions as Fannie Mae’s property inspection waiver is in full swing. Approvals on conventional loans with no appraisal are expected to climb, reducing the costs and time it takes to get a mortgage. An appraisal is a staple in any refinance or purchase transaction. Lenders normally require it to ensure the home’s value as collateral for the loan...