4 thoughts on “What Does the Term “Original Appraised Value” Mean on a Home Loan?”

1. read more on real estate, loans, mortgages that will help you more on this site

2. Every mortgage document is a small different.

   But the original appraised value typically refers to the value of the property at the time of the initial mortgage being agreed upon.

   This may be vital shortly in the documents in relationship to insurance supplies for the improvements (buildings)to the property (land).

   When you refinance the mortgage company will also refer to the original appraised value to determine if the value at the time of your new application has increase (improved your equity) or decreased.

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3. Has the process taken a while? Sometimes appraised values expire after 3-6 months, and a recertification is required.

4. An appraisal was done at the time you financed. The term relates to the appraised value at that time.