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Investors turn their eyes to affordable housing opportunities

Housing Wire

As the pandemic shifts from crisis to chronic, investors, community leaders and housing advocates say they intend to make the most of the chance to permanently elevate the case for affordable housing even as economic metrics are starting to shift.

Investors 411
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Growing Home Insurance Costs Will Destroy Your Cash Flow—Here’s What You Can Do About It

BiggerPockets

Real estate investors are usually most concerned about rental income and property taxes. They seldom discuss home insurance. Many assume that home insurance is a standard fixed price in most […]

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Opinion: Improving housing affordability without exposing homebuyers to more risk

Housing Wire

For example, recently, Fannie Mae has focused on expanding alternatives to title insurance as a way to supposedly increase homeownership affordability. However, Fannie Mae’s own research from 2022 found that title insurance is not a significant component of the overall closing costs when buying a home.

Insurance 354
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Opinion: Title and settlement fees aren’t a barrier to homeownership

Housing Wire

The borrower’s largest life-of-loan costs are the property taxes and recording fees paid at closing plus the accumulated cost of annual property taxes paid over the life of the loan. So, what’s peace of mind worth?

Insurance 400
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What Metaverse real estate means for mortgage professionals

Housing Wire

Section F: While there is no need for homeowners insurance, “mortgage” insurance and prepaid interest may still make sense in this scenario. Section G: We already ruled out homeowners insurance and included mortgage insurance. As for property taxes, well, you can kiss that goodbye.

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Reasons To Get An Appraisal

Padove Appraisal Service

Estate planning: If you are planning your estate, an appraisal can help determine the value of your property for tax purposes or for dividing assets among heirs. Legal proceedings: An appraisal can be useful in legal proceedings, such as divorce settlements, where the value of a property needs to be determined.

Appraisal 148
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Mortgage rates continue to climb beyond 7%

Housing Wire

Investors are concerned that the central bank will continue raising the funds rate, pushing borrowing costs even higher. At today’s rate, the monthly cost to purchase a home totals about $2,400, not including property taxes and insurance, a 17% increase from a year ago. What to expect with the Fed ?

Mortgage 367