Cleveland Appraisal Blog

OCTOBER 29, 2021

If you’re reading through an appraisal report, and you make it to the Cost Approach, which is where appraisers report either the reproduction or replacement cost of the home they are appraising, you will see a little field that says, “ Remaining Economic Life “ What does this number indicate? So, what is its economic life?

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Appraisal Development Finance Lending 365

Housing Wire

JULY 12, 2022

Decisions of policymakers at the Department of Veterans Affairs will determine what happens to those borrowers. The perception of VA loans as risky and logistically complicated — even if an outdated view — continues to impact the competitiveness of the borrowers it serves. The VA also faces challenges unrelated to the pandemic.

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Modernization Appraisal Process Appraisal Training 332

Realtor

OCTOBER 16, 2023

Over the past two years, interest rates on home loans have nearly doubled from the 3% range to around 7% today. And while there are ways to lower those costs , navigating the home loan process is extremely complicated—particularly for first-time homebuyers.

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Mortgage Real Estate Agent Real Estate Buyers 190

Housing Wire

NOVEMBER 8, 2021

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. He will also inform the listing agent that he is a veteran himself and implores them to ask any questions or express concerns they have about VA loans.

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Clients Agents Buyers Sellers 376

Housing Wire

SEPTEMBER 18, 2020

What are some examples of these strategies? If there is an existing integration between your borrower data verification provider and your loan origination software (LOS) and point of sale (POS) vendors, contact your vendors to switch on those integrations. HousingWire’s nominations are now open for our 2020 Tech Trendsetters.

Business 394

Business Lending Technology Clients 394

Housing Wire

MAY 5, 2022

The MBA found that purchase applications increased for conventional, FHA, and VA loans — all up 4% this week from the previous week. What lenders should know about today’s economic climate. Learn how updating your mortgage technology stack can help you get ahead in today’s unpredictable lending environment.

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Mortgage Buyers Government Lending 356

Housing Wire

SEPTEMBER 29, 2020

You are what you eat, after all. You’ve probably staffed up on loan officers equipped to handle this influx, and you may be shunning riskier, less immediately gratifying business. Those who don’t learn from the past are doomed to repeat it. They are specialists when it comes to buying and servicing government loans.

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Lending Loan Officers Business Investors 391

Housing Wire

JANUARY 31, 2021

HousingWire: What is the biggest challenge servicers and real estate investors face this year? Bryan Bellacosa: Anticipating that foreclosure moratoriums will lift sometime during 2021, real estate investors and servicers need to be prepared for an increase in defaulted loans.

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Investors Real Estate Valuation Tools 201

Housing Wire

JANUARY 6, 2023

Nearly every loan originator is fixated on going after the purchase mortgage market in 2023 following a brutal 2022 — a year in which even some of the top producers saw their origination volume drop to 20%. That is also the case for Chris Gallo, senior loan officer at NJ Lenders Corp. After dropping from $1.2

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Business Loan Officers Clients Inventory 364

Housing Wire

NOVEMBER 18, 2020

HousingWire: What changes have appraisers had to make to their workflows in light of social distancing and other COVID-related concerns? Shawn Telford: What has changed in many cases is how lenders are asking appraisers to form opinions of value. Appraisers are even more reliant on the data obtained through public and private sources.

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Inspection Valuation Appraisal Technology 343

Realtor

AUGUST 1, 2018

Michail_Petrov-96/iStock A few years back, my husband and I got an FHA loan. had recently bought using a Federal Housing Administration loan, and it was working out wonderfully. An FHA loan—which allows the buyer to put down as little as 3.5%—sounded “What’s that?” Petersburg, FL.

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Inspection Insurance Buyers Renovations 136

Cleveland Appraisal Blog

MARCH 3, 2022

When it comes to stairs, what types of things must appraisers consider? Not too long ago, I saw a loan officer post on their Instagram that FHA no longer requires handrails for stairs. Here’s what HUD’s 4000.1 What about ceiling height? Here are some pictures of these types of stairs. ANSI GUIDELINES.

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Appraisal Finance Loan Officers Buyers 221

Housing Wire

DECEMBER 16, 2021

Godin made plans to relaunch the business in late 2019 as a tech-forward lender that originated loans across both wholesale and retail channels. Former employees interviewed by HousingWire said the Chicago-based mortgage shop mainly originated safe, conventional refinance loans, and barely made any headway in the purchase market.

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Mortgage Loan Officers Retail Training 333

Raleigh Realty

MARCH 29, 2021

Income limitations or frequent moves can make homeownership seem out of reach - that's what we are here for To help make your home purchase easy and successful. With everything from securing a loan to dealing with the home inspection, a home buyer has a lot to handle. Know Your Eligibility Not every loan has the same requirements.

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Government Real Estate Agent Insurance Property Taxes 148

PennyMac

MARCH 4, 2024

There’s a lot to consider when it comes to choosing the right one — everything from interest rates, loan types and fees to service and experience. How to Find a Mortgage Lender There are several types of lenders you can look to for securing your home loan, with the most popular being direct lenders and mortgage brokers. Direct lenders.

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Loan Officers Insurance Mortgage Sellers 65

Eppraisal

NOVEMBER 28, 2023

However, the cost is often intimidating, especially for those who haven’t yet learned their options. Here’s what you need to qualify for a loan, plus the rundown on five financing choices. Conventional Mortgages Conventional mortgages are home loans not insured by the federal government.

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Finance Government Insurance Property Taxes 69

Realtor

AUGUST 1, 2018

Michail_Petrov-96/iStock A few years back, my husband and I got an FHA loan. had recently bought using a Federal Housing Administration loan, and it was working out wonderfully. An FHA loan—which allows the buyer to put down as little as 3.5%—sounded “What’s that?” Petersburg, FL.

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Inspection Insurance Buyers Renovations 78

Lamacchia Realty

MARCH 7, 2023

Save up for a Down Payment In real estate, a down payment is the amount of cash you put towards the purchase of a home, the difference between the price of the home and what they will borrow. Click below to learn more about them. FHA Loan: 3.5% What is the neighborhood like when you drive through at midnight?

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Real Estate Insurance Real Estate Agent Development 72

PennyMac

FEBRUARY 12, 2021

Like many American homeowners, your first mortgage may have been a loan with the Federal Housing Administration (FHA). Loans backed by the FHA are attractive to first-time homebuyers because FHA loans are easier to obtain financing for and require only minimal down payments and fair-to-good credit scores.

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Insurance Loan Officers Finance Mortgage 59

PennyMac

JULY 25, 2022

There are many different loan options available. Today, we want to take a closer look at two of the most commonly purchased mortgage types: conventional loans and FHA loans. What’s the difference between FHA and conventional loan options? Conventional Loan. Adequate cash reserves.

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Insurance Government Investing Mortgage 36

Quicken Loans

SEPTEMBER 21, 2021

You can generally get a lower rate than you could with comparable fixed-rate loans. Additionally, if you plan on moving before the end of the initial fixed-rate period of the loan, you may never deal with an adjustment. Today, we’re going to discuss FHA ARMs. What Is An FHA Adjustable-Rate Mortgage?

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Insurance Mortgage Investors Clients 48

Appraisal Today

SEPTEMBER 22, 2023

To read more, click here My comments: Now we know what NAR members think about it. What they were doing about inspectors had a wide range. I drove by the house and looked at what was nearby, etc. There is no way to know what the inside looks like or the foundation (many are brick). Not very positive. Very interesting.

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Appraisal Training Inspection Real Estate 86

Appraisal Today

MARCH 15, 2024

In this guide, we’ll explore what defines a rural property, the challenges appraisers face, reasons for conducting rural appraisals, strategies for finding comparables, and tips for writing a compliant appraisal report. What if there are few rural areas near you? It is not hard to learn the valuation factors. Well written.

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Appraisal Inspection Modernization Business 69

Assurance Financial

MAY 5, 2022

You can use a few different guidelines to discover what percent of your net income should go toward mortgage payments each month. You can use a few different guidelines to discover what percent of your net income should go toward mortgage payments each month. What Is Included in a Mortgage Payment? Loan interest.

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Mortgage Property Taxes Insurance Design 69

Appraisal Today

FEBRUARY 23, 2024

I also have some market recap visuals to unpack what’s been happening in 2024 so far. The ideal is to compare areas with similar prices, but even if the price point is a bit different, it can be valuable to see what is happening in a different nearby neighborhood. Think about it this way. Let’s talk about this. Excerpts: 8 bedrooms, 7.5+

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Appraisal Real Estate Contracts Reconsideration of Value 67

Housing Wire

APRIL 16, 2024

The company recently launched a mortgage brokerage firm that offers a plug-and-play program for real estate agents to become mortgage loan officers, a practice called dual licensing. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%. of the loan amount in LO compensation.

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Real Estate Agent Loan Officers Real Estate Agents 396

Appraisal Today

JANUARY 5, 2024

Bradley, SRA, CDEI, McKissock Learning On May 5, 2023, the Appraisal Standards Board (ASB) voted to adopt changes to the Uniform Standards of Professional Appraisal Practice (USPAP), which will become effective January 1, 2024. Be a part of the profession blamed for the collapse of the savings and loan industry. baths, 4,000 sq.ft.,

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Appraisal Contracts Legal Business 74

Quicken Loans

MAY 12, 2021

But what happens if you need to close sooner? What Is An Escrow Holdback? What Is An Escrow Holdback Agreement? An escrow holdback agreement is simply a written statement that explains what repairs are subject to the holdback, who will be responsible for the repairs and when the repairs must be completed. Sound familiar?

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Sellers Buyers Appraisal Construction 52

Will Springer Realtor

OCTOBER 17, 2023

It comes either in the form of a grant, which is a gift, or as a second mortgage with different payback plans, including 0% interest loans due when selling the home. When and how much of that down payment help is forgiven may vary, but it’s common for a percentage of the loan to be removed from the books each year for a predefined period.

Buyers 62

Buyers Government Finance Mortgage 62

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?

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Renovations Construction Home Improvement Mortgage 74

On Q Financial

MAY 19, 2021

If you’ve recently considered an FHA or VA loan, you may want to revisit our requirements. Don’t let previous home loan denials hold you back. Home Loan Options Refinance Information. What are FHA and VA Loans? Here’s a breakdown of the two: FHA Loans. Reach Out Today to Learn More.

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Buyers Government Development Insurance 38

Lamacchia Realty

OCTOBER 31, 2022

What is a 2-1 Buydown? What is a buydown? Buydowns work with conventional loans, FHA, and VA loans only, not jumbo loans. The lender ultimately takes dollars from the escrow account each month during the term of a buydown to cover the difference between the lower payments and what is due.

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Sellers Buyers Mortgage Real Estate Agent 65

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. When business is slow is an excellent time to look for new apps, learn how to use your MLS and forms software, etc. The company boasts a 99% accuracy rate as well as powerful voice editing capabilities.

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Appraisal Contracts Inspection Real Estate 74

Housing Wire

NOVEMBER 13, 2023

For our nation’s homeowners beleaguered by toxic mortgages and underwater loans, Treasury created a plethora of programs — with acronyms like HAMP, HARP, FHA Short Refi and the Hardest Hit Fund. And key federal agency mortgage loan programs like FHA , VA, and Fannie Mae and Freddie Mac have fully embraced them.

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Tools Development Mortgage Law 309

On Q Financial

JANUARY 6, 2022

But when you ask your lender, you find out the property value is too high for a traditional loan. The Federal Housing Finance Agency (FHFA), Federal Housing Administration (FHA), and Veterans Administration (VA) have all announced new conforming loan limits for 2022. What does that mean for you? What are Loan Limits?

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HOA Finance Design Government 36

McKissock

JULY 17, 2022

One way to prove yourself as a credible real estate agent and win their business is to provide guidance on the best ways to secure the loans they need to get their home. For example, some may be able to turn to the Federal Housing Administration (FHA). Department of Agriculture loan may also be an option. Get started today.

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Construction Real Estate Agent Supply Chain Real Estate 68

Appraisal Today

NOVEMBER 24, 2023

I watched and listened to them talk about it and learned a lot. Maybe this time it will sell and become who knows what or not change at all. Do not get out of the water and put your surfboard away. Stay out there, splash around in the calm ocean, there are waves coming. To read more, Click Here My comments: Read the full article!

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Appraisal Mortgage Business Contracts 74