Quicken Loans

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Understanding Home Appraisal Adjustments | Quicken Loans Education

Appraisal adjustments are one method home appraisers use to help determine the fair market value of your home. An appraisal adjustment is the process of identifying recently sold homes in your area and then estimating what those homes would have sold for if they had all the same characteristics as your home. To learn more about real estate mortgage appraisals, visit http://www.QuickenLoans.com/about/appraisal-process.

Related topics : home appraisal education

Understanding Home Buying: The Mortgage Process | Quicken Loans Education

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The main steps of purchasing a home are actually very simple. First, you want to get a preapproval letter from your mortgage company so you know how much you qualify for. The next step is finding the right real estate agent who can lead you to the home that aligns with all your goals. After finding your perfect home, you’ll be ready to make an offer on the house. Once that offer is accepted, a purchase agreement is drafted and signed by both the buyer and seller. Now that everything is signed...