Mortgage Broker Company - What is market value?

Market value is the value of your house when you are ready to sell it. Your house is only worth what the market value is.

Which means you could have bought your house a couple of years ago for $150,000 put $40,000 into the house remodeling and then find out when you are ready to sell it is only worth 160,000.

Or it could be the opposite, in any case.

Market value is not what you put into the house but what the market is willing to pay at the time. How do you find out? Do a comparative market analysis. You can have a real estate agent do this, or have a formal appraisal or learn how to do this yourself.