Valuation for financing, refinancing or increasing a mortgage

Appraisal for financing, refinancing or increasing mortgage.

Financing a purchased home, refinancing an existing mortgage or increasing your existing mortgage for the purpose of remodeling or improving your home. Appraisal for financing, refinancing or increasing mortgage, are all starting points where a validated report (NWWI) is a requirement.

Financing is a common reason where an valuation report is required. The lender (bank) thus wants to have certainty about the value of the collateral (the house) for the mortgage loan. The amount you paid for the home as a buyer is not necessarily the value of the home. After all, it may be the case that, in an overcrowded market, people are willing to pay more for the home than the market value is.

The purchase agreement usually stipulates a period during which the purchase can be dissolved if financing is not forthcoming. The valuation should generally be carried out within this period, as it will be assessed along with the financing application. The appraisal must be done by an independent appraiser who is not himself involved in the purchase or sale of the property. The cost of the appraisal is borne by the buyer and is tax deductible.

The NWWI valuation is an increasingly required valuation when purchasing a house or apartment and is now mandatory for the application for National Mortgage Guarantee (NHG). A NWWI appraisal for NHG may only be performed by a certified appraiser registered with the NWWI. The NWWI verifies that the appraiser has sufficient local knowledge and does not appraise too far from his place of employment. The limits for this are at 20 km depending on the valuation objective.

With Jussen Taxaties you have the guarantee of an all-around reasonable and competitive rate, the necessary market knowledge, market data, experience. Quick follow-up on your request and direct contact with the appraiser.