Social Links Widget

Click here to edit the Social Media Links settings. This text will not be visible on the front end.

Appraisal and Loans • Buying • March 6, 2025

Why Is Our Lender Requiring an Appraisal?

by Christine Pappas

This is a question often posed to lenders and agents. When taking out a loan for a new home, the bank requires security in case the borrower cannot repay the loan. The appraiser ensures that the loan amount is at least equal to the purchase price of the home. If the appraisal is lower than the loan amount talk with your agent and lender about options you may have to complete the purchase of the home. For more information, contact 775-335-5754.

Related Articles
Buying 6 things to consider when buying a home PRE-QUALIFICATION – do you know what you can afford? – It is a waste of everyone’s time to look at homes then find out you cannot afford to buy it when you see the home you love!  It’s a let down I would never want a client to endure.  So be prepared.  Get pre-qualified before you start […]
Buyer Tips Buyer’s Tips and Ticks Looking on Zillow, Redfin, Realtor.com, etc is a great way to view homes on the Internet.  What most people do not know is that the person you call from Zillow, etc. is NOT the listing agent.  Additionally, the agents you are connected with have to pay these websites to answer your call.  So if you […]
Reno/Tahoe Attractions Reno Nevada – The Biggest Little City Why do I live in Reno?  Ease of access to hiking, skiing, Lake Tahoe, Truckee River, culture, arts, the people, location of airport and the 4 seasons.  When we first moved here from CA in 2005, I was amazed how I could walk out my back door and into the mountains for a hike, or […]
Home
Properties
About Me
Blog
Neighborhood News
eho-89x83.png
realtor_white-71x83.png

Terms Of Use | Privacy Policy | Accessibility Statement | Fair Housing Notice

© 2025 MoxiWorks

© Better Homes and Gardens Real Estate 2023 – 2024. All rights reserved. Better Homes and Gardens®, BHGRE® and the Better Homes and Gardens Real Estate Logo are registered service marks owned by Meredith Operations Corporation and licensed to Better Homes and Gardens Real Estate LLC. Franchisee Legal Entity Name (not the dba) fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with, or related to Better Homes and Gardens Real Estate LLC nor any of its affiliated companies.