Mortgage Matters: Appraisals in a Shifting Market

Slide 1:
Real estate forecasts hint at a bumpy 18 months—prices and appraisals may swing unexpectedly.

Slide 2:
If your home’s appraisal drops below the purchase price, that shortfall’s on you, the buyer.

Slide 3:
Appraisals aren’t just numbers—they’re full risk reports lenders use to judge property value and condition.

Slide 4:
Each lender needs their own appraisal done within 60 days, with three recent comparable sales.

Slide 5:
Appraisal too low? Options exist, but your mortgage approval always sticks to the appraised value.