Better
Buy
  • Apply now
  • Purchase rates
  • Affordability calculator
  • Mortgage calculator
  • Rent vs buy calculator
  • Find an agent
  • VA loans
  • Learning center
Refinance
  • Apply Now
  • Refinance rates
  • Cash-out refinance calculator
  • Learning Center
HELOC
  • Apply Now
  • Calculate your Cash 💵
  • HELOC vs. Cash-out Refinance
  • Learning Center
Rates
  • Purchase mortgage rates
  • Refinance rates
  • Refinance cash-out rates
  • HELOC rates
  • Purchase VA rates
Better+
  • Get Insurance
  • Title and Closing
  • Better Attorney Match
  • Learning Center
  • Better Agent MatchFor Agents
  • Better DuoFor Agents
Call us anytime at(415) 523 88371

Get started3 min | No credit impact

  • Better
  • Apply now
    Purchase rates
    Affordability calculator
    Mortgage calculator
    Rent vs buy calculator
    Find an agent
    VA loans
    Learning center
  • Apply Now
    Refinance rates
    Cash-out refinance calculator
    Learning Center
  • Apply Now
    Calculate your Cash 💵
    HELOC vs. Cash-out Refinance
    Learning Center
  • Purchase mortgage rates
    Refinance rates
    Refinance cash-out rates
    HELOC rates
    Purchase VA rates
  • Get Insurance
    Title and Closing
    Better Attorney Match
    Learning Center
    Better Agent MatchFor Agents
    Better DuoFor Agents
  • Call us anytime at 415-523-8837
  • Get started
←Frequently asked questions

Why do I need an appraisal?

How much money you can borrow is in part determined by the value of the collateral provided, which is your home. An appraisal is needed to determine the value of your home.

Related questions

  • What is an appraisal?
  • Question: Can I use or transfer a recent appraisal?
  • How long does an appraisal inspection take?
  • What is the difference between a home inspection and an appraisal?
  • How does the appraiser determine the value of my home?
  • If the appraised value of my home goes up, will this affect my taxes?
  • What does an appraisal report look like?
  • Is my appraisal payment refundable?
  • What is the definition of an appraisal?
  • What is a loan to value (LTV) ratio in real estate?
  • What does market value on a home mean?