Mortgage Guide
What Is an Appraisal Gap?
What happens when a home appraises below the purchase price, why it happens, your options as a buyer, and how appraisal gap coverage works.
Ben Naranjo·January 28, 2025·5 min read

Mortgage Guide
What happens when a home appraises below the purchase price, why it happens, your options as a buyer, and how appraisal gap coverage works.

What drives mortgage rates, how the Federal Reserve influences them, key economic indicators to watch, and what borrowers should consider in the current rate environment.

Understand the timeline for mortgage payments when selling your home, how the payoff works at closing, and what happens with prorated interest.

Learn how open-end mortgages work, their pros and cons, how they compare to HELOCs, and who they are best suited for.