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Each home is unique so each appraisal is unique, and appraisals are needed for nearly all loan types -- save for the FHA Streamline Refinance and the HARP mortgage program.
With 9 days left to claim the federal home buyer tax credit, I thought this would be a good time to review the mortgage market, jumbo loans, and the state of home appraisals. This 2-minute video covers a lot of ground