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NY METRO APPRAISAL SERVICES, Inc.
Real Property Appraisers and Consultants
POB 2733, 450 Lexington Avenue,
New York, New York 10163
1-646-584-0900 (Office)
1-877-692-8825 (24 hr Fax)

Dear Professional Mortgage Loan Officer:

As a professional service, NY METRO APPRAISAL SERVICES, Inc will be more than pleased in assisting you with a "COMP CHECK." However, before we can assist you with such services, there must be a clear understanding as to what a COMP CHECK is.

As defined by this office and for the purpose of the intended use of a comp check, a comp check is nothing more than a scan of the neighborhood the subject property is located in to determine the value range of property values within a given neighborhood for similar properties possessing a similar fee simple interest as subject.

Under no circumstance is the value range reported to you the value or indicated value of any specific property including the subject property you are making inquiry of, nor is the value range to be misconstrued, misinterpreted or misunderstood to be an absolute value or value range of the property or the neighborhood.

In order for any appraiser to determine the value of any property, a minimum of a drive-by appraisal is required.

Therefore, it is requested that you complete and submit the information required below. If you are a property owner, please refer to the VALUATION RESEARCH button on pages of this web site.

Thank you,

NY METRO APPRAISAL SERVICES, Inc.

Mortgage Calculator

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Today's Rates

Mtg Loan Rate APR
30-yr Fixed 4.55% 4.7%
15-yr Fixed 4.01% 4.22%
1-yr Adj 2.76% 3.42%
* national averages

FOR MORTGAGE BANKERS/BROKERS ONLY.

FOR PROFESSIONAL MORTGAGE RELATED INDUSTRY USE ONLY. Upon submission of this form, we will respond to you within 2 hours of receipt. DO NOT CALL FOR RESULTS. Please note that depending upon location and complexity of the property, some comp checks take longer than others. AND PLEASE NOTE THIS IS A COURTESY SERVICE WE OFFER MORTGAGE PROFESSIONALS, NOT A REQUIRMENT. Thank you.

ESSENTIALS FOR A "comp check."