As a mortgage broker, how well do you understand the appraisal process?

It's not just a formality — a low appraisal can kill a deal or reduce the mortgage amount your client qualifies for.

In this video, we cover:

What an appraisal actually is (and who orders it)

What happens when the appraisal comes in lower than the purchase price

The difference between lender-ordered vs. client-ordered appraisals

Why understanding appraisals is critical to protect your clients and keep deals on track

💡 Whether you're preparing for your RECA mortgage exam or just starting your career, this knowledge is essential.

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