T H E  B L O G

Let's face it, buying and selling a home has a language of its own! So just what is an appraisal? Isn't it the same as the assessed value of a home? No. The assessment is the value the city or town puts on a property. It's somewhat arbitrary, based on factors including the municipality's budget - ho

What is PMI? It is Private Mortgage Insurance, and it may be your savior when it comes to buying a home in this market. With home prices at the highest levels ever, and limited inventory to choose from, competition for affordable homes is fierce - especially with recent mortgage rate increases reduc

What is the Purpose of an Appraisal? A home serves as collateral for the mortgage loan, so the lender needs to make sure that the home is worth the price being paid.  An appraisal provides a means for the lender to determine the value and condition of the property, and analyze the fair market value