Remove Design Remove Development Remove Home Improvement Remove Mortgage
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The Loan Store launches a fast-funding HELOC in multiple states

Housing Wire

Wholesale mortgage lender The Loan Store (TLS) announced on Thursday the roll-out of its new home equity line of credit (HELOC) product, which is currently available in 25 states and Washington, D.C. These funds can be utilized to consolidate debts or finance home improvement projects. The Loan Store, Inc.

Finance 318
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HUD awards more than $40M in housing counseling grants

Housing Wire

Department of Housing and Urban Development (HUD) on Tuesday announced that it is making $40.25 Such funding will also directly support the work of housing counseling offering required Home Equity Conversion Mortgage (HECM) sessions. Specific to seniors, the demand for reverse mortgage counseling remains high,” she said. “The

Design 339
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With mortgage rates on the rise, here are some products originators should tap into

Housing Wire

Seeking business growth in the current rising rate environment, originators are contemplating the benefits of adding reverse mortgages to their product mix. With mortgage interest rates steadily on the rise and refinance volume dropping, originators should immediately consider tapping into products that are less interest rate sensitive.

Mortgage 347
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With low inventory, house hunters are in full safari mode

Housing Wire

The nation’s housing industry has entered a new normal in which the dynamics of the market appear perplexing — marked by high mortgage rates and high home prices, along with shrinking mortgage originations. The perplexing part: Why are home prices not declining in this environment? That compares to a record $4.4

Inventory 445
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How Remaining Economic Life Works

Cleveland Appraisal Blog

Therefore, for each sale, we must develop a reliable opinion of the value of its land. Once we deduct the land value from the sales price, what remains is the depreciated cost of the home. Say a comparable home just sold for $500,000. If that is the case, the home’s improvements have depreciated approx.

Appraisal 365
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All You Need to Know About Reverse Mortgage Appraisals

AmeriMac

Reverse mortgages are becoming an increasingly popular financial tool for homeowners over the age of 62 who want to access equity in their homes. One important aspect of the reverse mortgage process is the appraisal, which determines the value of the property and plays a crucial role in determining the size of the loan.

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Fannie Files Complaint Against Appraiser

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post Modular Homes Data Plates, ADU income, Pickleball courts and other interesting home improvements, , unusual homes, mortgage origination and more! Some use postal mailings or office visits, such as you did in the mortgage broker days.