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Blog | January 16, 2023
The loan amount approved by a bank is based on the bank’s valuation of the property, not the purchase price of the property by the owner. If the bank evaluates the property value to be lower than the purchase price, the valuation will be underestimated and the loan amount will be lower than expected. The owner may have to raise […]
Blog | January 16, 2023
The loan amount approved by a bank is based on the bank’s valuation of the property, not the purchase price of the property by the owner. If the bank evaluates the property value to be lower than the purchase price, the valuation will be underestimated and the loan amount will be lower than expected. The owner may have to raise […]
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