Appraisal - How they effect your loan

An appraisal determines your Loan to Value which is how much you borrow divided by how much your home is worth. An example is if you borrow $120,000 and your home is worth $150,000 then your Loan to Value is 80%. The lower the Loan to Value the less risk you are to the lender and better the terms you will qualify for.

There are several different types of appraisals that you can get but the lender set the requirements on what type of appraisal is needed. The more indepth the appraisal the more the appraisal will cost.

To learn more about appraisal please see our other articles or visit our partners web sites for more information.

_{Click here to learn about - Getting an Appraisal}

_{Here is a list of some of the appraisers we prefer to use based on great service, turn around time, and quality of work.}

Weston Appraisal                            Parra & Associates Appraisals

Phone # (800) 670-6210                       Phone# (503) 280-1050

Serving the following Counties:                         Serving the following Counties:

Washington, Clackamas, Multnomah                  Washington, Clackamas, Multnomah

Marion, Polk, Linn, Benton, Lane                         Marion, Polk, Linn, Benton, Lane

Western Oregon Appraisals             Perfection Services Appraisals

Phone # (541) 302-1949                       Phone # (541) 549-4783

Serving the following Counties:                         Serving the following Counties: 

Lane, Northern Douglas, Southern Linn              Central Oregon and Oregon Coast

Southern Benton