When you apply for a mortgage, an independent appraisal will be completed on your property to determine its value.
It’s important to remember that the appraiser does not create value. Instead, an appraiser interprets the market to arrive at a value estimate.
As the appraiser compiles data pertinent to the appraisal report, he/she will consider your property’s site, amenities and physical condition. While an appraiser may spend just a short amount of time actually inspecting the property, the job is far from over.
Before the appraiser can arrive at a final opinion of value, he/she must complete a considerable amount of research and collect general and specific data on the property and its location.
There’s also the need to precisely define the purpose of the appraisal. There are, for example, various types of value — including fair market value, insurance value, tax value and value in use. Learn more about the appraisal process by talking with your Loan Officer.
Call our office for more details regarding the information and find out how one of our Loan Officers can help you with a loan that matches your unique needs.
With over 10 years of Mortgage Experience, Diego’s leadership and vision has made Secure Funding Group a leader within the local community. He serves as the Branch Sales Manager in the Chula Vista office and is also the head of the Legal Department as acting broker. Diego is pursuing a law degree to further enhance his skills and abilities as a Real Estate & Mortgage Professional.
NMLS ID 347520
A mortgage professional since 2000, Omar brings vast experience in specialty mortgage lending and a strong background in underwriting. Having worked for several of the largest Retail Mortgage Lenders in the Nation in the same capacities, Omar’s knowledge is instrumental as head of Operations for Secure Funding Group.
NMLS ID 347528
A mortgage professional since 2001, Mario has excelled as one of the premier and most trusted Loan Officers in the Imperial Valley. He currently holds the position of Branch Manager for Secure Funding Group at the Calexico Branch. Mario’s experience was gained early in his career having worked at two of the Nation’s most prolific and profitable Mortgage Banks.
NMLS ID 347541