Home & Mortgage Advice Blog

Shut the Front door, home and mortgage advice with Renee West. Whether you’re looking to “Shut the Front Door” on your first home or your forever home check out our monthly blog spot for articles and tips on home buying, refinancing and home safety and maintenance reminders just to name a few.

………………………………………………………………………………………………………………………………..

October 2019

Appraisal vs. Home Inspection

Here are the key differences between an appraisal and inspection:

  • An appraisal is required by most lenders when purchasing or refinancing a home.
  • An appraisal determines the value of the property for the lender.

Home inspections are not typically required by lenders, but are highly recommended to the buyer of a home.

While an inspection deals with the conditions and components of the home (heating and electrical systems, plumbing, roof, windows, etc.)