Residential Mortgage Appraisals
Whether you are financing, refinancing, accessing equity, or working through lender conditions, you need a valuation that is accurate, neutral, and built for underwriting. We provide independent, professionally supported residential mortgage appraisals for first mortgages, refinances, private lending, HELOC qualification, and equity take outs across the GTA and surrounding areas.
Our reports are clear, defensible, and structured to help clients move through the mortgage process with confidence.
A mortgage appraisal is one of the most important steps in any financing or refinancing transaction. Lenders, brokers, homeowners, and investors all rely on valuations that make sense, line up with real market behavior, and stand up to underwriting review. Since 2010, residential mortgage work has been a core service at Advanced Appraisals. Our reporting is known for consistent comparable selection, clear methodology, and conclusions supported by actual market evidence. We serve homeowners, lenders, mortgage brokers, law firms, and investors across the GTA and surrounding areas. Everything we deliver is built on experience, independence, and accurate analysis of the local market.
Financing depends on clarity. Lenders base decisions on risk, market conditions, and the quality of the valuation in front of them. A strong mortgage appraisal helps:
- Confirm market value for financing
• Support refinance, renewal, or restructuring decisions
• Provide clarity for private lenders and MICs
• Speed up underwriting approval timelines
• Reduce unnecessary back and forth
• Anchor HELOC qualification
• Support equity take outs for renovations, investments, or planning
Every report includes market data, comparable grids, commentary, photos, and an independently prepared estimate of value.
Our mortgage appraisal services include:
• First mortgages
• Second and third mortgages
• Refinances and renewals
• HELOC qualification
• Equity take outs
• Private lending
• Purchase financing
• Bridge financing
• New to Canada financing
• Fast closing lender conditions
• Appraisal reviews and rebuttals
Every report is built to meet the needs of homeowners, brokers, and underwriters.
OUR APPROACH
We provide mortgage appraisals for:
• Detached, semi detached, and townhomes
• Condominiums and stacked townhomes
• Luxury homes and estate properties
• Custom built homes
• New construction
• Two to four unit residential income properties
• Rural residential properties
• Homes with unique layouts or extensive renovations
• Properties requiring interior, exterior, or retrospective review
FAQ
How long does a residential mortgage appraisal take?
Most files are completed within two to three business days. Rush options are available depending on workload.
Do you need to inspect the home?
Yes, lenders almost always require a full interior and exterior inspection unless the lender specifies a drive by or desktop format.
What documents do I need to provide?
Usually none. If renovations, permits, or leases influence value, we may request documentation.
What if my purchase price is higher than the appraised value?
Lenders base financing on the lower of purchase price or appraised value. We explain the rationale clearly so you understand next steps.
Can I use the same appraisal for multiple lenders?
Some lenders accept borrower ordered reports. Others require lender direct ordering. Your broker can confirm.
Do renovations increase value?
It depends on the market and the quality of work. We comment directly on how improvements influence value.
