Definition
Appraisal Contingency
A contract clause allowing the buyer to renegotiate or withdraw if the property appraises below the contract price.
Nearby terms
Annual Percentage Rate
The interest rate plus certain finance charges expressed as a single annualised percentage.
Appraisal
An independent opinion of a property's market value, prepared by a licensed appraiser and required by nearly every lender.
Appraisal Gap
The difference between contract price and appraised value.
Assumable Mortgage
A loan a qualified buyer can take over on its existing terms.
Ready when you are
See your real numbers before you fall in love with a house.
Live rates, a full cost breakdown, and a pre-approval you can shop with. It takes a few minutes and it does not lock you into anything.
No fee · No obligation · Pre-approval typically under an hour · Call or text 24/7 · NMLS 2705737