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What is an after-repair value?
The after-repair value is the value of a property after renovations or other improvements have been completed. Also referred to…
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What are points?
A fee charged on a loan — usually by a lender or a debt broker — where each point equals…
What is an advance rate?
An advance rate is how much money can be funded from a loan as a percentage of some other number,…
What is a settlement statement?
A settlement statement is an itemized list of all fees and charges that the buyer and seller will pay at…
What is an appraisal?
An appraisal is a document prepared by an appraiser which that shows the as-is value (and sometimes also the after-repair…