drive by appraisal for home equity loan

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  1. – On either a home equity line or a home equity loan will an appraisal of my property be required when I apply (even if I’ve had my property appraised within the last year)? Yes, the property is the collateral for the loan and therefore some type of appraisal will be performed.

    Mortgage Appraisals and Appraised Value | The Truth About. – A “home appraisal” is a comprehensive report that determines the value of your property based on a number of factors, ranging from gross living space, to the view and the year a property was built.

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