When we start talking appraisals it can get confusing. As lenders, we learn what’s important for getting the loan closed. Realtors put their market analysis hat on when they think about them. Neither is correct. Look at it this way, an appraiser is in a profession in and of it’s self. Appraisers are licensed and trained to look at property values in a pretty specific way. On top of that the different loan programs all have different “rules” the appraiser must follow. Then at the end of the day its not a specific formula but a matter of opinion. That’s why we always tell people we could order 5 appraisals on a property and we would get 5 different sets of results. During this event we are going to go over many of the things the appraisers look at, how they analyze the property, and some of the different variables that come into play across different loan programs. If you are looking for a deeper understanding of how appraisers think this is a must attend event.
Here is a list of some of the things we will cover during the event:
Come learn from one of the best! Speaker Jeremy Drobeck was the Number #1 loan officer at Amerifirst in 2021 helping hundreds of home buyers navigate their way to home and ownership. Jeremy had over 500 appraisals cross his desk in 2021 alone. He’s had to deal with everything from low values, repairs, outright errors, and of course his fair share of value disputes. He brings a wealth of knowledge on the topic. If you need help with anything between now and our next event don’t hesitate to reach out. Can wait to see you there!
Sign Up Today! |
|
LIVE EVENTDate: October 12th Time: 12:00 – 1:30 Location: 5830 Venture Park Dr. Kalamazoo, MI 49009 Limited Seating. RSVP required. Box Lunch will be provided. Email bmiller@amerifirst.com to reserve your spot! |
ZOOM WEBINARDate: October 20th Time: 10:30 – 12:00 Zoom Meeting
|
Follow this link for a list up other upcoming events
Yesterday, a buyer called me in a total panic. They locked in their mortgage interest rate 30 days ago while shopping for a home near the Westwood neighborhood. Everything moved along fine until the seller asked to push closing back by ten days to finish clearing out their garage.
The buyer asked me, “Jeremy, if our rate lock expires before we close, will our interest rate jump up? Will our monthly payment go through the roof?”
I told them straight up: “Take a deep breath! An expiring rate lock will not ruin your deal, and you will not lose your low rate!”
Are you under contract on a home with an expiring rate lock? Need a rate lock extension?