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MRT 1 · Property Assessment Process
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Property Assessment Process
Difference between the three survey types, that a mortgage valuation is for the lender not the buyer, and when each type is appropriate.
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Property Assessment Process
Lenders need to be satisfied the property provides adequate security for the loan. This involves a valuation and sometimes a survey.
Question 3
True or false?
Lenders need to be satisfied the property provides adequate security for the loan
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What the exam tests
Difference between the three survey types, that a mortgage valuation is for the lender not the buyer, and when each type is appropriate.
Question 5
True or false?
Difference between the three survey types, that a mortgage valuation is for the lender not the buyer, and when each type is appropriate