You just paid an appraisal fee to your Lender for a home purchase or mortgage refinance. Even though you paid for the appraisal, the report is not intended for you. According to the Equal Credit Opportunity Act, you are entitled to a copy of your home appraisal. However, the report was designed and “intended” for the Lender and the Lender’s use. Not surprisingly, many homeowners don’t understand their appraisal report. Among the next few posts, I will explain each section of an appraisal report in detail.