It is so amazing all of the wonderful tools that we have at our fingertips. I cannot image having done my job forty years ago when computers were not common and everything had to be done by hand. That must have been a weird world.
Today, at the click of a mouse, there is more information than we sometimes need or even want. Unfortunately, the same information and technology that is there to help us do our jobs accurately is also there to give consumers sometimes false or misleading information. Nothing is more frustrating than to talk to a client that has "done their research" and "knows" exactly what there home is worth.
Zillow is not always accurate! It can be off by several thousands of dollars.
For a senior getting a reverse mortgage, just a few thousand dollars off on what they think their home is worth and what the appraiser thinks its worth can make a big difference in their retirement dollars. While we can give "educated" guesses on what their home is worth, it is really up to the appraiser to decide what a home is worth.
If you are a senior looking to either purchase a home with a reverse mortgage or to refinance with a reverse mortgage, the best thing you can do is to ask the professionals what they think your home is worth. We have tools that can help us get a good idea of the value to give you a loan quote. However, remember, the final say is with the appraiser, so those numbers are subject to change.
If you are interested in a reverse mortgage quote, please call me directly at 559-994-3692 or 800-779-1851.
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