A home appraisal, also known as a real estate appraisal, is an unbiased assessment of a property’s value. An appraiser will be brought in to conduct a visual inspection of the home to determine its fair market value.
If you received a monetary gift to help with your mortgage down payment or closing costs, then you’ll need a gift letter from the donor saying you don’t have to pay it back. The letter should make clear the money is a gift and not a loan.
Whether you dream of traveling the world in retirement or simply wish to maintain your current lifestyle, your income from Social Security alone may not be enough. A balanced retirement plan can help supplement your Social Security income and assist you in tackling unexpected expenses.