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- Assessed Valuation - |
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Valuation is an important part of lending, especially on larger loans such as mortgages. This is because in many cases the value of the property is an integral factor in allowing the mortgage to go through, because failure to repay will result in repossession of the property and the subsequent resale will have to cover the original amount borrowed minus the payments made. Assessed valuation is an official valuation that takes a range of factors into account such as the original price paid and market trends. Assessed valuations can also be used for the granting or rejection of secured loans.
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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
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| Think carefully before securing other debts against your home. Your home may be reposessed if you do not keep up repayments on your mortgage or any other debt secured on it. Loans secured on your home. |
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