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New Service is Designed to Help Homeowners Renovate

Appraisal Buzz

The lending and services platform Finance of America has introduced a home improvement financing product offered to consumers through approved contractors. The post New Service is Designed to Help Homeowners Renovate appeared first on DSNews.

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Finance of America to acquire Parkside’s wholesale biz

Housing Wire

Finance of America intends to acquire Parkside Lending ‘s third-party origination channel operation for $40 million, the publicly traded lender and servicer announced Tuesday. Our TPO business is a part of our long-term growth strategy,” Bill Dallas, president of Finance of America Mortgage, said in a statement.

Finance 368
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The Loan Store launches a fast-funding HELOC in multiple states

Housing Wire

The Loan Store’s HELOC product is a standalone, fixed-rate line of credit that allows borrowers to tap into the equity of their homes, with credit lines ranging from $25,000 to $400,000. These funds can be utilized to consolidate debts or finance home improvement projects. The Loan Store, Inc.

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Renovation loans get pandemic boost as homeowners want home offices

Housing Wire

Of these workers, three in five said they’d prefer to work from home when restrictions are lifted. There’s a mainstay in mortgage finance poised to help in working from home. It allows for actual home improvements to complement contemporary lifestyles. Homeowners are serious about dedicating room for work.

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With mortgage rates on the rise, here are some products originators should tap into

Housing Wire

The program is available to a wide range of homeowners, with lending limits as high as $4 million*. Both programs can also be used as a home financing solution that allows older clients to purchase a new home that will better fit their lifestyle. Then there is the HECM, which offers the most flexible terms for borrowers.

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How Remaining Economic Life Works

Cleveland Appraisal Blog

Once we know how much the home costs to replace, we can extract a percentage of how much the home improvement has depreciated. Let’s say that in this example, the home that sold for $500,000 has a replacement cost of $425,000. If that is the case, the home’s improvements have depreciated approx.

Appraisal 365
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Home Appraisals – What Do They Look For?

D Fritz Appraisals

Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market. Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer. Estate settlements.

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