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8 February, 00:29

What is the purpose of the lender's appraisal fee?

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  1. 8 February, 04:10
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    The purpose is that a certain lender must ensure that a home is financially and structurally sound, so the appraisal is intended to benefit the lender rather the buyer who pays for it. When used for a mortgage loan, the lender orders the appraisal through a third-party appraisal management company or directly from the appraiser.
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