Pre-Loan Appraisal


Thinking about refinancing? Don’t know if refinancing makes sense for you? Many homeowners want to refinance their home loans in order to take advantage of lower mortgage rates. Before a loan is approved, however, the borrower likely will be asked to order a professional pre-loan appraisal to assess the value of the property. DeKalb County Property Appraiser offers affordable and professional pre-loan appraisals to establish your home’s present market value. Get the information you need to make sound financial decisions.

Pros of pre-loan appraisals

Experts say some of the pros of a pre-loan appraisal include the following:

  • Potentially avoid PMI. If the terms of a borrower’s existing loan require private mortgage insurance, chances are it would be required after a refinance too. On the contrary, if the actual market price of the property is higher than what the lender assumes, and the loan is less than 80% of the home’s true value, the borrower may not have to pay for PMI. A good way to determine if the loan-to-value ratio is low enough to avoid PMI is to order an appraisal.
  • Capture a lower interest rate. If the loan-to-value ratio is too high, the lender may charge the borrower a higher mortgage rate to reflect greater risk. However, if an appraisal shows the loan is a much smaller percentage of the home’s value, the borrower may receive a lower interest rate, which could lower the monthly payment.
  • Spot rising trends. While many people look to real estate agents to identify when a market rebounds, professional appraisers have that ability, too. DeKalb County Property Appraiser is familiar with the area, and can spot a rising trend in prices and document it in the appraisal.

DeKalb County Property Appraiser ensures you are get the most accurate and detailed report about the property before you start the loan process. Lenders throughout DeKalb County have come to rely on the knowledge and attention to detail of DeKalb County Property Appraiser.

Contact DeKalb County Property Appraiser today at (404) 860-1574 for an in-depth consultation and step-by-step guidance by a senior professional at our firm. DeKalb County Property Appraiser has the experience and qualifications to meet all of your appraisal needs.