Related FAQs
Learn how your loan is serviced after closing with Better Mortgage, what to expect from ServBank, and how you'll be notified if your loan is ever transferred. Read more
Learn how your loan is serviced after closing with Better Mortgage, what to expect from ServBank, and how you'll be notified if your loan is ever transferred. Read more
The appraiser compares your home to other properties in the area and makes adjustments for differences. Read more
The appraiser compares your home to other properties in the area and makes adjustments for differences. Read more
A loan-to-value (LTV) ratio is an equation that lenders use to assess the amount of risk associated with a home loan. LTV is calculated by dividing the total home loan amount by the appraised market value of the home. Typically, if the LTV ratio is higher than 0.8, lenders require private mortgage insurance (PMI) to offset the higher risk of default. Read more
A loan-to-value (LTV) ratio is an equation that lenders use to assess the amount of risk associated with a home loan. LTV is calculated by dividing the total home loan amount by the appraised market value of the home. Typically, if the LTV ratio is higher than 0.8, lenders require private mortgage insurance (PMI) to offset the higher risk of default. Read more