Mortgage

Source: Wikipedia. Pages: 106. Chapters: Real estate appraisal, Mortgage loan, Continuous-repayment mortgage, Variable-rate mortgage, Foreclosure, Collateralized mortgage obligation, Mortgage law, Mortgage broker, Commercial mortgage, Reverse mortgage, Mortgage fraud, Negative amortization, Home mortgage interest deduction, Mortgage industry of Denmark, Mortgage calculator, Mortgage modification, Subprime lending, Payment protection insurance, Fixed rate mortgage, Loss mitigation, Mortgage servicer, Hypothecation, Mortgage insurance, Alt-A, Expert systems for mortgages, Mortgage note, Endowment mortgage, Strategic default, Home equity line of credit, Interest-only loan, Construction loan, Predatory mortgage securitization, Warehouse line of credit, Mortgage acceleration, Conforming loan, Ship mortgage, Mortgage underwriting, Shared appreciation mortgage, Refinancing, Lenders mortgage insurance, Equity release, Pre-qualification, Due-on-sale clause, European Mortgage Federation, Loan modification company, Collateralized loan obligation, Mortgage bank, Flexible mortgage, Eurohypothec, Risk-based pricing, Negative equity, Chain of Blame, Foreign currency mortgage, Seller financing, Point, Balloon payment mortgage, PITI, Home equity loan, Company mortgage, Loan servicing, Commercial Mortgage Securities Association, Chattel mortgage, Second mortgage, Location Efficient Mortgage, Wraparound mortgage, Foreign national mortgage, Appraised value, Liquidation value, Assumption of mortgage, Cash out refinancing, Russian mortgage certificate, Energy efficient mortgage, Biweekly mortgage, Value-in-use, Mortgage elimination, Mortgage life insurance, Mortgage analytics, AEPROSER, Mortgage repossession, Mortgage belt, Mortgage packagers, Forbearance, Home valuation code of conduct, Remortgage, Property use, Mortgage equity withdrawal, Purchase price adjustment, No doc loan, Fractional financing, Higher lending charge, Mortgage cashback, Assumed mortgage, Principal balance, Mortgage arrangement fee. Excerpt: Real estate appraisal, property valuation or land valuation is the practice of developing an opinion of the value of real property, usually its Market Value. The need for appraisals arises from the heterogeneous nature of property as an investment class: no two properties are identical, and all properties differ from each other in their location - which is one of the most important determinants of their value. So there cannot exist a centralized Walrasian auction setting for the trading of property assets, as there exists for trade in corporate stock. The absence of a market-based pricing mechanism determines the need for an expert appraisal/valuation of real estate/property. Although some areas require no license or certification at all, a real estate appraisal is generally performed by a licensed or certified appraiser (in many countries known as a Property Valuer or Land Valuer and in British English as a "valuation surveyor"). If the appraiser's opinion is based on Market Value, then it must also be based on the Highest and Best Use of the real property. For mortgage valuations of improved residential property in the US, the appraisal is most often reported on a standardized form, such as the Uniform Residential Appraisal Report. Appraisals of more complex property (e.g. -- income producing, raw land) are usually reported in a narrative appraisal report. There are several types and definitions of value sought by a real estate ap...