From Paying Up to Walking Away — Your Options For If The Appraisal Comes In Low
HomeLight
SEPTEMBER 1, 2022
To get the mortgage loan amount you will need to purchase the home with the size of down payment you want to make, the home must appraise for at least the price you agreed to pay for it. Your lender will use the lower amount between the purchase price and the appraised value to determine how much money they will lend.
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