Finance
A Montana lender who requires an appraisal before making a mortgage loan does so primarily to:
ADetermine the borrower's credit score
BEnsure the property value supports the loan amount being requested✓ Correct
CVerify the property's legal description
DConfirm the buyer's income
Explanation
Lenders require appraisals to confirm that the property's market value is sufficient to support the loan amount. The property serves as collateral, and the lender needs assurance they can recover the loan balance if the borrower defaults.
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