Chase will also waive: the origination fee for instalment loans; the
appraisal fee - up to USD5, 000 - for loans on owner-occupied real estate; the SBA Express guarantee fee for loans of USD150,000 to the program's maximum of USD350,000 and the first-year annual fee for a business line of credit.
An individual who receives an
appraisal fee based to any extent on the appraised value of the property;
Allowing the
appraisal fee to be variable and not requiring it to fall within the required tolerance would be a simple and easy way of getting appraisal costs down.
The process takes consumers just two minutes and a small $2
appraisal fee, with offers based on commodity market prices that are updated every hour.
Generally, no part of the
appraisal fee can be based on a percentage of the item's appraised value, according to AEF.
Focus on work that is billed by the hour not by a bid, and situations where the client wants an intellectual not a valuation drone; where the
appraisal fee is not as important as the advice, protections, or counsel that is provided; and where the advice given is not a reason to hire or fire the professional.
Care must be taken in setting the
appraisal fee; that charge cannot be what the IRS calls a "prohibited
appraisal fee.
Conditioning the ordering of an appraisal report or the payment of an
appraisal fee or salary or bonus on the opinion, conclusion or valuation to be reached.
He said he would need a lifetime registration fee of pounds 2,500, and an
appraisal fee of pounds 1,000 to cover a three-hour telephone consulting session and an intensive home visit and until this was paid in cash into his bank account he could enter into no further correspondence.
Offering them a discount on the
appraisal fee may be the right incentive to generate an inquiry.
Some examples follow, each using a $10,000 amount borrowed, a $300
appraisal fee, and $400 in points.
The fees that may be paid in advance for this type of loan transaction are for the credit report and an
appraisal fee.
