Business and Personal Finance Dictionary

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• APPRAISED VALUE
  
  The appraised value is the market price of the home you wish to buy. In some cases you may pay more or less than the appraised value of the home, but unless stated otherwise you may assume that the appraised value of the home is also the purchase price. This figure is used to determine your down payment and whether or not you'll be required to pay mortgage insurance. .
  
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