1. Credit Score
2. Ability to Repay
3. Collateral

There are numerous web sites that will allow you to gain access to your credit reports and Credit Score. Your Ability to Repay the mortgage is based on your work history and current debts.

Typically, the biggest unknown in the financing process is the valuation of your collateral.

Independence Data has the answer.

What is my home worth? Independence Data researches any available database to provide you with the data and insight into knowing this very important question.

In some cases, the difficult question is not "What is my home worth?", but "What value does the local real estate market support?". Independence Data provides you with recent and accurate information within your local market, empowering you to make crucial financial decisions.

There are many free web sites that will estimate the "value your home". We are NOT one of those sites.

WE DO NOT ESTIMATE THE VALUE YOUR HOME!

Independence Data provides real estate data and sales information so YOU can determine the accurate value of your home. There is no one that knows your home and neighborhood as well as you do. Use our detailed real estate information to form a supported conclusion of value.

Every search at Independence Data is completed by one of our experienced real estate consultants to ensure accuracy. Our consultants search public and private data sources so you have the most recent and accurate information to make your decision.

Upcoming changes in the mortgage financing process will be removing anyone who benefits from your loan closing from being involved in ordering your appraisal. No estimate of value, loan amount, homeowner's estimate of value or any direction of value will not be allowed to be provided to the appraiser.

In the past, it was common for residential appraisers to provide "precomps" or a range or likely value before the appraisal was ordered. This very common, but unethical practice, will be eliminated with the upcoming changes.

Upcoming Changes Will Cost Homeowners $$$

The upcoming changes in the mortgage financing process will negatively impact many homeowners. As stated above, the only real variable in the application process is the valuation of the collateral (value of the home). The problem with the process: the appraisal is ordered at the end of the application process. This means that many homeowners and mortgage brokers will be submitting completed applications only to find out that the home appraised for less than what is needed. The deal could be "dead".

Order an IndependenceData.com Property Report before you contact your mortgage professional and know what to expect in the appraisal process. Review the neighborhood sales and find the homes most similar to your home. When you share this information and Property Report with your mortgage professional, they know that you are knowledgeable of your real estate market and have more of a chance to close a loan. Many mortgage professionals will charge clients less if there is a better chance of closing the loan.

A Property Reporty includes:

• Current Property Record Card and verified Property Information
• Google Map, Aerial Maps, Zoning Maps, Flood Map (where available)
• Sales Data, Up to 30 neighborhood sales of homes, quick-linked to the county auditor's record system.
• Online links to areas statistics and demographics, school district information, etc. .
• Our guide to Understanding and Analyzing Property Records Cards
• Up to 15 minute telephone consultation to review results of the Property Report
• CDROM hardcopy

Property Reports are available in the Following Counties of Ohio: Allen, Ashland, Ashtabula, Athens, Auglaize, Brown, Butler, Champaign, Clark, Clermont, Clinton, Columbiana, Coshocton, Crawford, Darke, Defiance, Delaware, Erie, Fairfield, Fayette, Fulton, Gallia, Geauga, Greene, Hamilton, Hancock, Hardin, Henry, Highland, Hocking, Holmes, Huron, Jackson, Jefferson, Knox, Lake, Lawrence, Logan, Lorain, Madison, Mahoning, Marion, Medina, Mercer, Miami, Montgomery, Morgan, Morrow, Muskingum, Ottawa, Paulding, Perry, Pickaway, Pike, Portage, Preble, Putnam, Richland, Ross, Sandusky, Scioto, Seneca, Stark, Summit, Trumbull, Union, Van Wert, Warren, Wayne, Williams, Wood, Wyandot

What does this information do for you?

The ultimate goal in the refinancing process is to get you the lowest rate of interest at a desirable term on the highest value of your home. Knowledge of recent sales within your neighborhood can save you hundreds if not thousands of dollars even before you submit a mortgage application. Typically, the appraisal for refinancing is ordered well into the long application process. You will have the knowledge right in your hands to support your estimated value of your property. This information is invaluable for your potential mortgage broker and finally the appraiser who will be estimating the value of your home.

Tip: Give your appraiser a copy of the sales data, your appraisal might get finished a little quicker as it is appreciated by most appraisers . Also, when the appraiser knows that YOU KNOW about neighborhood home sales, there are no false expectations.

How long does this take?

The real estate and finance industry can be very volatile. You need your information now, but want it done right. There are many free, instant-online valuation services which are computer generated and have limited amounts of information on the neighboring properties. In many cases, the information provided is much more dated (can be as much as 3-6 months old) and irrellavent. Making a crucial financial decision about Ohio real estate based on a free, computer generated service can cost you thousands of dollars.

Once PayPal payment is received using our Shopping Cart, one of IndependenceData's experienced real estate professional personally searches all available property records systems to create your custom-designed Property Report. In most cases, preliminary Property Reports are completed within 24 hours from the time it is ordered. We then provide a 15 minute telephone consultation to review the results of the property report and to correct any innacuracies. Once the report is finalized, a CD-ROM will be burned and mailed to you for a hard-copy back-up of your information.