Definition: The Mortgage Valuation or Mortgage Value (MV) refers to the amount that a borrower can receive from a lender when he/she takes out a mortgage, assuming the loan has been approved by the lender. In simple terms, it's like your car. The more money you want to borrow, the higher the value of the car will be. The Mortgage Valuation is usually calculated based on certain criteria such as the borrower's credit score, income, and collateral. It may also take into account factors such as the property being sold or put up for sale. The term 'mortgage valuations' refers to the process used by lenders to determine the value of a mortgage loan. These valuations are then used by borrowers when applying for a new mortgage loan. It's important to note that the Mortgage Valuation is only one factor in determining the loan amount, and there may be other factors that need to be taken into consideration, such as the borrower's credit score, income, and collateral. It's also worth noting that there are many different ways to calculate Mortgage Valuations, so it's always a good idea to speak with a mortgage lender to understand the options available to you.
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