Assurance Financial

APRIL 18, 2022

One of the first things you learn when you’re in the market for a new home is that no house is perfect. Depending on the extent and cost of your home improvement goals, you might need to take out a loan for renovations. A home renovation loan is most likely not going to be the same as your mortgage. Why Remodel Your Home?

Renovations 74

Renovations Construction Home Improvement Mortgage 74

Raleigh Realty

AUGUST 11, 2021

Homeownership Guide and Resources for a Single Parent Learn more about the common challenges that single parents face when it comes to homeownership and resources to help overcome them Being a single parent comes with many challenges. You might even worry that your change in income will affect your ability to be approved for a home loan.

Real Estate Agent 137

Real Estate Agent Property Taxes Finance Real Estate 137

PennyMac

SEPTEMBER 6, 2022

Buying your own home has many benefits: you can gain equity, have access to potential tax savings, and on top of it all, gain a sense of security and freedom that comes from homeownership. However, if you are looking for the benefits of homeownership in a lower-maintenance package, then buying a condo might be the right choice for you.

HOA 36

HOA Mortgage Finance Insurance 36

Raleigh Realty

MAY 3, 2021

But the benefits — and responsibilities — don't end there. This can impact your credit score — and your ability to secure a loan. The Financial Benefits of Homeownership As a young homeowner, you stand to gain a lot from owning a home. And you'll learn how to budget for home repairs and updates. What Is a Credit Score?

Real Estate Agent 78

Real Estate Agent Real Estate Insurance Inspection 78

Assurance Financial

JULY 27, 2021

Mortgage Loan for You. When shopping for a home, it’s just as important to make a list of things you’d like from your mortgage — including the length of the loan, the interest rate and the repayment terms. A mortgage is a type of loan you acquire to purchase a home. You have lots of options when choosing a mortgage.

Mortgage 69

Mortgage Government Construction Insurance 69

Lamacchia Realty

OCTOBER 31, 2022

Buydowns work with conventional loans, FHA, and VA loans only, not jumbo loans. The benefit of this escrow account is that the money belongs to the borrower. The buyer qualifies for the current rate but benefits from a lower monthly payment during the agreed upon term of the buydown. See example above.

Sellers 65

Sellers Buyers Mortgage Real Estate Agent 65

Assurance Financial

JUNE 14, 2021

The most common type of home loan is the conventional loan. These loans are perfect for borrowers with a strong credit history and the funds for a more substantial down payment. Conventional loans offer the ability to avoid the costs of mortgage insurance while also giving borrowers the option of fixed or adjustable rates.

Insurance 69

Insurance Construction Mortgage Buyers 69

Assurance Financial

SEPTEMBER 20, 2021

When it comes to financing a home or a build, several factors are involved in the type of loan you apply for. It’s also worth considering how your down payment will influence the cost of your mortgage or the type of loans available to you. What Is a Loan-To-Value Ratio? How Much Is a Normal Down Payment on a House?

Insurance 36

Insurance Mortgage Buyers Government 36

Assurance Financial

MARCH 18, 2021

For tax purposes, if you use your cash-out refinance funds for something other than home improvement or repairs, this is considered a home equity loan. While a home equity loan may still be tax deductible, the limit for how much of your interest you can deduct is much lower than for a refinance. Repairing your HVAC system.

Property Taxes 85

Property Taxes Renovations Home Improvement Mortgage 85

Appraisal Today

NOVEMBER 24, 2023

I watched and listened to them talk about it and learned a lot. If you qualify, you can get lifetime tail coverage for free from the E&O companies that offer this benefit. I am told there are seven scientifically proven benefits of gratitude. And the benefits are amazing. A very good analogy to appraising.

Appraisal 74

Appraisal Mortgage Business Contracts 74

PennyMac

SEPTEMBER 9, 2020

The down payment amount can vary depending on the type of loan for which you’re applying. Let’s first see what the down payment amount is for the type of loan you’re looking at. Let’s take a look at the most common types of loans and programs, and examine each of their specific minimum down payment amounts.

Insurance 36

Insurance Buyers Mortgage Human Resources 36

Assurance Financial

NOVEMBER 9, 2021

In today’s market, you will likely have to take out at least one type of loan to help you pay for the house in a manageable way. In some cases, you may have to take out several loans or pay for something called private mortgage insurance (PMI). What Is Mortgage Insurance on a Home Loan? What Is PMI?

Insurance 41

Insurance Mortgage Home Value Finance 41

Assurance Financial

DECEMBER 20, 2021

There are several benefits to paying off a mortgage early: Saves interest fees: Over the life of a 15- or 30-year loan, interest can stack up and sometimes double what homeowners pay, despite their original loan amount. Add $100 more, $50 more or any variable amount you decide to contribute over your loan’s life.

Mortgage 74

Mortgage Sellers Buyers Finance 74

Appraisal Today

AUGUST 18, 2023

When business is slow is an excellent time to look for new apps, learn how to use your MLS and forms software, etc. Thanks for a summary of the recent changes discussed in Las Vegas. == Risks and Benefits of Hybrid and Desktop Appraisals by Jo A. Appraisals are ordered after the loan application. percent from the week prior.

Appraisal 74

Appraisal Contracts Inspection Real Estate 74

PennyMac

SEPTEMBER 2, 2020

VA home loans have many well-known benefits, including low rates and the exciting combination of no down payment and no mortgage insurance. Lenders are able to offer veterans these excellent terms because VA home loans are backed by the U.S. No Down Payment on a VA Loan. VA loans, due to their backing by the U.S.

Insurance 36

Insurance Finance Government Mortgage 36

Appraisal Today

APRIL 14, 2023

Lakeside retreats, like the ones found in France, are more quaint ways to enjoy all the benefits of living near water and nature; meanwhile, marsh or river-side homes like in South Carolina are full of charm. Many of us have learned to truncate our verbiage because our lending clients do not want to read volumes. Worth reading.

Appraisal 52

Appraisal Bracketing Contracts Valuation 52

Assurance Financial

MAY 10, 2022

Benefits of Owning a Vacation Home. If it works for your budget, there are definite benefits to owning a vacation home: Better vacations: When you own a vacation property, your holidays can be longer and more affordable. Another is the interest rate on the refinanced loan. Home Equity Loan.

Property Taxes 74

Property Taxes Mortgage Finance Property Management 74

Appraisal Today

FEBRUARY 24, 2023

I learned the hard way about lender appraisal ups and downs. We also note that under valuations of this magnitude of are unlikely to depress entire neighborhoods and, they may in fact provide a disproportionate consumer benefit to minority homebuyers. Appraisals are ordered after the loan application. My personal bias example.

Appraisal 52

Appraisal Architecture Valuation Business 52

Appraisal Today

AUGUST 25, 2023

But the MLS is also finding new benefits in its partnership with RPR®. For example, Bakersfield Association of REALTORS®’ 2023 President-elect Bill Mell was in Chicago this week for NAR’s Leadership Summit when he learned that a transaction would be delayed by the outage. “We I learned the hard way not to be lender dependent again!

Appraisal 76

Appraisal Real Estate Agent Agents Real Estate 76

Housing Wire

FEBRUARY 23, 2021

Beyond the laws and regulations, government sponsored entities (GSEs), FHA, USDA and other agencies that provide loan insurance and guarantees add an additional layer of complexity with servicing requirements that go above and beyond those required by federal and state regulators. the week prior.

Insurance 255

Insurance Law Clients Development 255

Appraisal Today

MAY 12, 2023

I learn a lot from my mistakes and try to do better the next time. Remember what it was like during the crash after 2008, when there were very few loans, and appraisal volume severely declined? In this blog post, we will discuss the benefits of a retrospective appraisal for estate and tax purposes for the heirs of an estate.

Appraisal 52

Appraisal Architecture Business Contracts 52

Appraisal Today

APRIL 1, 2023

To see the listing, click here == Dos and Don’ts of Sharing Comparable Sales By: McKissock Excerpts: When real estate agents provide relevant comparable sales to appraisers, it certainly benefits both parties. I love talking to people, learning about their homes, but also about their jobs and lives. percent from 11.9 percent from 6.71

Clients 52

Clients Appraisal Contracts Business 52

Appraisal Today

OCTOBER 13, 2023

If you start at your full retirement age (such as 66), you’ll get 100 percent of the monthly benefit. If you start at age 70, you get 132% of your full retirement benefit. People who create these laws must learn and understand banking and appraisal laws and their limitations. But, only 10% of seniors wait until 70.

Appraisal 79

Appraisal Law Contracts Business 79

Appraisal Today

APRIL 2, 2023

appraisal management companies, lenders, loan origination systems), or use the new Uniform Residential Appraisal Report (URAR) (e.g., Appraisals are ordered after the loan application. The Market Composite Index, a measure of mortgage loan application volume, increased 2.9 appraisal software vendors), consume report data (e.g.,

Contracts 52

Contracts Appraisal HOA Architecture 52

Appraisal Today

JUNE 2, 2023

Learn how to provide an accurate value conclusion that protects the appraiser from the potential ramifications of their bad acts. On the first page of FNMA’s form, they ask this question: “Is there any financial assistance [loan charges, sales concessions, gift or down payment assistance, etc.] percent from 12.5 percent the week prior.

Appraisal 52

Appraisal Contracts Real Estate Agent Sellers 52

Appraisal Today

MAY 27, 2022

For example, I see mistakes as an opportunity to learn how to do better next time. My comments: Lenders have always wanted faster appraisals with fewer hassles to close their loans faster. Because of the recent very strong purchase market, using VA for buyers has been more difficult in many areas as VA loans can take longer to close.

Construction 52

Construction Appraisal Modernization Contracts 52

Appraisal Today

JULY 15, 2022

Excerpt: What can appraisers learn when it comes to short-term and long-term rentals? What can appraisers learn when it comes to short-term and long-term rentals? If you start at your full retirement age (such as 66), you’ll get 100 percent of the monthly benefit. Appraisals are ordered after the loan application.

Appraisal 59

Appraisal Inspection Contracts Business 59