Home evaluation services for home loans

Usually lenders will hire the services of a firm or individual offering home evaluation services before deciding the amount of the home loan and other terms and conditions. Though the income, profession and other details are factors in deciding the home loan, the value of the home as assessed by the home evaluation firm will also determine the amount of the home loan.
In case of the borrower is unable to repay the home loan the lender will often take possession of the home and sell it off.