Property Valuation – What you need to know!

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Are you thinking of building a new home or maybe starting your investment portfolio? Will you be using the equity in your current home? Do you know the difference between an Appraisal and a Property Valuation? If you are considering using the equity in your home (the difference between your properties value and what you owe on your mortgage) to build a new home or start … [Read more...]

Understanding Bank Valuations

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Market Valuation or Bank/Forced Sale Valuation? (Mortgage in Possession) What is the difference ? A bank valuation will nearly always be less than the market value. This is because they’re not the same thing. When you take out a home loan, banks use the home as security. For you, the security means that the bank may lend you more at a lower interest rate than without security … [Read more...]