When do I need the appraisal? - Spectrum Canada Mortgage Services Inc.

Q: When do I need the appraisal?

With very specific exceptions to the rule, the appraisal report needs to be received, reviewed, and approved by the lender before funding can take place. The appraisal is generally ordered once a conditional written approval has been issued by a lender. In some cases, the appraisal is required at the beginning of the loan process before lenders will consider lending against the property.

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