Appraisal and title examination

An appraisal or certain inspections may be required. This helps to know the true value of the home so you, the borrower, are protected from overpaying. A title examination is also performed at this time by an attorney or title company to determine whether any liens exist on the property's previous owners. The Heinemann Mortgage Team at American Security Mortgage Corp. coordinates both the appraisal and the title examination.