Blog > How Does a Home Appraisal Affect Financing?
The appraisal determines whether a home’s value supports the loan amount. If the appraisal comes in below the purchase price, buyers may need to renegotiate or cover the difference. Lenders use this process to ensure they aren’t financing more than the property’s worth. Appraisals protect buyers, lenders, and the overall health of the housing market by grounding decisions in data.
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