Million Dollar Loan Amount = Two Appraisals Needed = Two Appraisers. Uh Oh.

Lots of people don’t understand that in the event that you borrow $1,000,000 ($1MM) or maybe more on a home loan, most loan providers need two appraisals. They consider a more substantial loan similar to this a riskier loan, plus they wish to simply simply take precaution that is extra confirming the worthiness regarding the asset. (more…)

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