Appraisal Today

MAY 10, 2024

ROV (Reconsideration of Value) Changes – FHA and GSEs GSE Effective date is August 29, 2024 HUD Effective date is September 2, 2024 Editor’s note: This long section includes, In order: McKissock/Dave Bradley post with a good summary including links to HUD and GSE documents. The mortgage loan officer handling the loan?

Reconsideration of Value 73

Reconsideration of Value Appraisal Real Estate Insurance 73

Housing Wire

MAY 6, 2024

Largely hidden from view and misperceived by some to be on the lower end of the hierarchy of service providers, the position seemingly lacked the luster of the real estate agent or the panache of the loan officer. During the housing crisis of 2008, the title industry suddenly emerged from obscurity into full view.

Real Estate Agent 342

Real Estate Agent Real Estate Project Management Agents 342

PennyMac

JULY 25, 2022

What’s the difference between FHA and conventional loan options? Conventional Loan. Conventional loans by definition are loans that are not backed or insured by any government entity. You may be asked to share tax documents, paystubs and other proof of income. Flexibility on loan terms.

Insurance 36

Insurance Government Investing Mortgage 36

PennyMac

SEPTEMBER 9, 2020

Conventional loans, the most common mortgage type, require Private Mortgage Insurance (PMI) with a down payment of less than 20%. However your PMI can be removed (by request) once you’ve hit a 78% loan-to-value ratio in some cases. Here are four loan options that can help your down payment dollars go further.

Insurance 36

Insurance Buyers Mortgage Human Resources 36

Assurance Financial

MARCH 1, 2021

Homeowners insurance. Private mortgage insurance, if applicable. On top of carving out a large chunk of your paycheck for rent, you also likely have to pay for utilities, groceries, transportation, insurance and internet — not to mention the costs of treating yourself to luxuries like vacations and going out to eat.

Landlords 45

Landlords Insurance Mortgage Transportation 45

Assurance Financial

DECEMBER 20, 2021

Bridge Loan. Another option for financing a purchase is taking out a bridge loan. These are short-term loans designed to bridge the time between when a homebuyer needs financing and when it becomes available. Before applying for a loan, consider which loan types are most beneficial for you in your financial situation.

Mortgage 74

Mortgage Sellers Buyers Finance 74

Assurance Financial

JULY 23, 2021

The exact amount you need to save up for a down payment depends on the type of loan you choose, the market conditions and your financial situation. That might be true, as putting down 20% allows you to avoid paying private mortgage insurance (PMI) premiums and can mean you get a better interest rate on your loan.

Mortgage 74

Mortgage Real Estate Agent Government Loan Officers 74

Assurance Financial

MARCH 18, 2021

Refinancing could potentially lower your monthly payments , allow you to consolidate debt, speed up the payoff process for your mortgage, eliminate your private mortgage insurance (PMI) and put more cash in your pocket. Submit your loan conditions: Then an in-house underwriter at Assurance Financial will receive your paperwork.

Property Taxes 85

Property Taxes Renovations Home Improvement Mortgage 85

AmeriMac

MARCH 29, 2024

The reverse mortgage process typically begins with a borrower contacting a loan officer who specializes in reverse mortgages. The loan officer will assess the homeowner’s eligibility and explain the details of the loan, including the potential loan amount and repayment terms.

Mortgage Appraisal 36

Mortgage Appraisal Appraisal Mortgage Appraisal Process 36

PennyMac

JANUARY 16, 2022

The cost of owning a vacation home is not only what you pay for it, but also associated taxes, utility costs, HOA, upkeep costs, insurance etc. So, when you buy your vacation home, start keeping good digital records of maintenance, remodels, and other important property documents. Plus, it can be a great investment.

Investing 36

Investing Property Taxes Real Estate Renovations 36

PennyMac

NOVEMBER 29, 2022

Once you’ve found a property in your budget, you can begin researching different lenders and explore all available loan options to help you get the best rates and financial support you need. The lender you choose will guide you through the pre-qualification process and examine all necessary documents required for approval.

Government 36

Government Mortgage Finance Design 36

Housing Wire

FEBRUARY 7, 2022

In California’s Contra Costa County, where the median home listing price is now $749,000, a loan officer priced a loan for a potential borrower with less-than-perfect credit, who had found a listing for $650,000. John Meussner, the loan originator who priced the loan, said the fees amounted to “gouging.”.

Insurance 363

Insurance Modernization Lending Mortgage 363