General Mortgage

appraisal and home inspection

Is a Home Appraisal and Home Inspection the Same Thing?

Homebuyers often confuse the terms home appraisal and home inspection. They are two different services with different outcomes. A home appraisal is typically required to secure mortgage financing and a home inspection is optional (but recommended). Here’s how to distinguish between the two services. What is a Home Appraisal? A home appraisal is a report …

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