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'Appraisals' Category Archives

How the Appraisal Process, Laws & Appeals Work

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One thing you should know if you are contemplating a reverse mortgage is that your home will have to undergo an appraisal by an FHA-approved appraiser.  This will be a very extensive appraisal in which the appraiser should inspect your entire property, should do a head and shoulders inspection of the attic (pop his/her head up and take a look...
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Reverse Mortgages and Solar Panels: What You Need to Know

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As our homes age, it is not uncommon to invest in renovation projects that enhance our ability to age in place, especially if those upgrades help lower monthly utility bills. Installing solar panels is one effective solution to reduce your overall electricity expense, but if you’re a homeowner considering a reverse mortgage to support your retirement, there are a few...
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What are the Reverse Mortgage Property Requirements?

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I would like to know the exact requirements re:such things as central heating, water wells, septic systems, etc   To hear these reverse mortgages advertised one might get the impression that getting one is very simple  However after some preliminary inquiries it's beginning to look like everything else where the government is involved - it can become incredibly complicated Hi...
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The Reverse Mortgage Appraisal Process

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Getting a home appraisal is an important part of the reverse mortgage process. Here’s what you need to know so that you can manage your expectations about getting your home appraised as part of this loan to help you age in place. It’s a multi-step process, but you can prepare in advance to make it as smooth as possible. Typically,...
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