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The purpose of the appraisal is to determine the loan-to-value ratio. As long as the appraisal is at least the required number, they're fine. The appraiser is b
by ams6110 8y ago
The purpose of the appraisal is to determine the loan-to-value ratio. As long as the appraisal is at least the required number, they're fine. The appraiser is basically saying, "in my opinion the property is worth at least $X.” Not that it might be not be worth more.