Housing Wire
DECEMBER 21, 2023
The VA makes a guarantee to the lending institution for 25% of the loan amount and the lender is responsible for evaluating the eligibility of the borrower. My favorite, and one of the most valuable and underutilized products in today’s low-inventory market , is the VA renovation loan. Who is eligible?
Housing Wire
APRIL 18, 2023
Given that HELOC organizations are more streamlined than closed-end lending, there is greater importance for the adoption of electronic closing documents, MISMO said last week, calling for participants to join a new development workgroup (DWG). The volume of HELOC loans declined by 17% to $60.1 Overall, HELOCS accounted for 20.7%
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Housing Wire
MARCH 10, 2023
Through the market turmoil and volatility that marked much of 2022 — and is still with us today — home-equity lending expanded, however. ATTOM , a real estate data provider, reports, however, that the “severe contraction across the lending industry in the fourth quarter of 2022 even hit HELOCs” in terms of origination volume.
Housing Wire
APRIL 27, 2023
But the caveat, of course, is that all bets are off if there’s a more meaningful contraction in lending [in the wake of recent bank failures and other economic factors] because then you’re in serious trouble,” Petrosinelli added.
Housing Wire
FEBRUARY 9, 2021
Specifically, they want to be sure it’s worth the money they’re lending you and, most importantly, that they’ll recoup their investment if you default on the loan. Four renovations to consider before selling your house. If you had an appraisal contingency in your sales contract, you could do this without any sort of penalty.
Housing Wire
APRIL 22, 2021
“I’m on my way with a client to show them a house that’s literally just gotten on the market, and by the time we get there, it’s already under contract with someone else,” she said. Thankfully, most banks were still lending. “It’s just insane. But now, for sure, it’s gotten too expensive.
Cleveland Appraisal Blog
MARCH 30, 2021
So many visitors have stopped by over the years, that they renovated the area to make it more visitor friendly, with better parking and a nicer observation area. Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price.
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