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Busting VA mortgage loan myths

Housing Wire

My favorite, and one of the most valuable and underutilized products in today’s low-inventory market , is the VA renovation loan. This product allows a homebuyer to purchase a fixer-upper and finance the purchase and renovation in one loan based on the expected appraised value of the home after improvements. Who is eligible?

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The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

Buying a Home As a Government Employee Are you a government employee preparing to buy a home? With the right resources, you can ensure a successful investment and one in which you may save tens of thousands of dollars thanks to being a government employee. Who Is a Government Employee?

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Here’s What Your Mortgage Lender Wants You To Know About Buying a House Right Now

Realtor

But there are still many great opportunities if you’re patient and have a great real estate agent and lender.”. ” The changes in everyday life due to the pandemic have placed a greater emphasis on the value of a home, says Rick Rudman , CEO at Curbio, a home renovation technology company.

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Non-Arms Length Sales for Appraisers

Appraisal Today

What should appraisers look for in a sales contract? NOTE: Please scroll down to read the other topics in this long blog post on agent concessions, History of appraisal bias back to 1930s, “one mile” rule and bias, unusual homes, mortgage origination stats, etc. You are “graded” on how close you come to the sales price.

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Here’s What Your Mortgage Lender Wants You To Know About Buying a House Right Now

Realtor

But there are still many great opportunities if you’re patient and have a great real estate agent and lender.”. ” The changes in everyday life due to the pandemic have placed a greater emphasis on the value of a home, says Rick Rudman , CEO at Curbio, a home renovation technology company.

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How to Avoid Scams as a New Homeowner

Eppraisal

Some pretend to be with the government.  Other     Phishing Scams Real estate phishing scams are becoming more common, putting agents and buyers on high alert. Typically, scammers pretend to be your real estate agent and convince you to wire money to a fraudulent account.  It

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How to Contest a Bad Appraisal

AmeriMac

A low appraisal can cause the cancellation of sales contracts because a lender won’t approve mortgages higher than a home’s value. Here what you should do is sit down with your real estate agent and review the homes your appraiser deemed similar. You can locate these in your city or county government office.