Visa, capital gain, mortgage, Banking, Education loan, Etc..
Property Valuation required for VISA Purpose to ascertain financial worthiness of applicant as well as substantial interest to come back to the home country. However, Property Valuation Report can be used for Bank Loan Purpose, Computation of Capital Gain.
A capital gain is the increase in a capital asset's value and is realized when the asset is sold. Capital gains may apply to any type of asset, includ`ing investments and those purchased for personal use.
The mortgage value is the value of the property set by means of an appraisal carried out by an accredited company. It may be different from the purchase-sale value. The mortgage value is the reference value used when applying for and arranging the mortgage and it constitutes the Bank's guarantee.
Bank valuations are used to determine the Loan To Value Ratio in a home loan application and will impact the amount that a bank is willing to lend.
Education loans are intended to cover the cost of tuition, books and supplies, and living expenses while the borrower is in the process of pursuing a degree.