The mortgage appraisal is the appraisal (official) approved by the Bank of Spain in which the Mortgage Value of a home or property is calculated to grant a mortgage or mortgage credit to a bank or financial institution.

The mortgage appraisal is essential for the bank to calculate the money for the mortgage loan

If the applicant requests the appraisal from any Appraisal Company Approved by the Bank of Spain with the same appraisal, they can request information about the mortgage from different banks..

Although any Appraisal Company can issue a Mortgage Appraisal, It is advisable to know which appraisal companies the financial institution with which you intend to apply for the loan works with..