MARKET VALUE DEFINED

The most common definition of value used for real estate appraisals in the U.S. is referred to as market value, fair market value, or sometimes true market value. Commonly, the definition set forth in U.S. Federally regulated lending institutions is … Continue reading

WHAT IS MORTGAGE INSURANCE?

Mortgage insurance (MI) provides financial protection to Lenders and Investors in the event a homebuyer¬†defaults on their mortgage.¬† Mortgage insurance does not provide mortgage life insurance which would pay off your mortgage in the event one were to be come … Continue reading