An appraisal fee is the cost of a home appraisal of a house you plan to buy or already own. Home appraisals provide an independent assessment of the value of the property. In most cases, the selection of the appraiser and any associated costs is up to your lender. Appraisal fee Resources How much does…

the measurable value that increases on a home or property. Market improvements and home renovations often drive appreciation value.

A property where “what you see is what you get.” Selling a home “as-is” means the seller is unwilling to make repairs or negotiate with a buyer based on the costs of needed repairs. Buyers should ensure that any home bought as-is is thoroughly inspected prior to closing. As-is Mortgage Resources What Are As-Is Home…

The value of a property or of land, that is used to decide how much tax has to be paid on it. Assessed Value Resources Why is Assessed Value Important? Assessed Value Vs. Market Value: What’s The Difference? Determining Your Assessed Value How Are Property Taxes Calculated?

A mortgage that can be transferred from the current owner of the property to the buyer, with the terms that were agreed upon originally. Assumable mortgage Resources What to know about assumable mortgages Advantages and Disadvantages of Assumable Mortgages Is an Assumable Mortgage a Good Idea?  

Fees possibly due during closing. Attorney fees Resources How Much Will a Foreclosure Attorney Charge? What do you pay at closing?

Automatic payments allow you to set up recurring mortgage payments through your bank. Automatic payments can be a convenient way to make sure that you make your payments on time. Automatic payment Resources 5 ways to make a mortgage payment and pay on time