The amount of financial interest in a property. Equity is the difference between the fair market value of the property and the amount still owed on the mortgage.|
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Applying for a mortgage shouldn’t be hard or confusing,
let’s break this down and make it simple for you!
What is equity?
What is an appraisal?
A written analysis prepared by a qualified appraiser and estimating the value of a property. The Appraised Value is an opinion of a property’s fair market value, based on an appraiser’s knowledge, experience, and analysis of the property.
What does a Mortgage Broker charge?
Typically there is no charge. Our fee is paid by the lenders we secure your mortgage through, not you. In special “credit-challenged” circumstances, depending on the length and amount of the loan, we may have to charge a fee. However, we don’t charge our clients in the majority of cases.

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