Definition of alleviate for English Language Learners. : to reduce the pain or trouble of (something) : to make (something) less painful, difficult, or severe.
A mortgage commitment letter can take up to 4 weeks after an appraisal is complete so it is very important to set an appraisal date. Also note that in this market appraisals do not always come in at or above your accepted offer and an appraisal lower than accepted offer will lead to a renegotiation or change of terms. mortgage commitment letter can take up to 4 weeks after an appraisal is complete so it is very important to set an appraisal date. Also note that in this market appraisals do not always come in at or above your accepted offer and an appraisal lower than accepted offer will lead to a renegotiation or change of terms.
The appraisal takes about 2-3 weeks (Keep in touch with your mortgage company...I only found out after calling them). They will ALWAYS appraise the house for at least the sale price. The appraisal is merely a formality. They really just want to make sure that the property is real and not a scam. The turnaround is very quick. I could've closed within 2 weeks of applying for the loan.