Monday, July 21, 2014

What does it mean, ''Appraisal of the home by the Buyer's lender is insufficient to meet terms of the Loan Commitment''

Question

What does it mean, ''Appraisal of the home by the Buyer's lender is insufficient to meet terms of the Loan Commitment''



Answer

It means the appraisal shows the house is of a lower value then the lender would require to provide commitment.



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