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Really the latest mortgages and you will refinances require an assessment to select the FMV of the house which help determine the borrowed funds number. Similarly, Virtual assistant financing also require an appraisal, but the process is different in order to Va finance. The newest Va appraiser assesses the worth of the home, considering similar conversion in your community, and means that the home match the latest VA’s Lowest Possessions Standards (MPRs). (more…)