What does a mortgage lender MOST often rely on when deciding how much is safe to lend on a parcel of real estate?

Question

What does a mortgage lender MOST often rely on when deciding how much is safe to lend on a parcel of real estate? 


a. Market analysis

b. sales contract 

c. Appraisal report

d. Assesors determenation 



I think is C) Appraisal report, please explain why you chose the answer?

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