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Desktop and Drive-by Appraisals: Protecting Against Interior Photograph Fraud

Genworth MI Blog

Recently, Desktop and Drive-by appraisals (no interior inspection by the appraiser) temporarily replaced some interior inspection appraisals as a necessary response to health risks and quarantine orders related to the COVID-19 pandemic. Download interior pictures from the internet depicting a better house.

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Desktop and Drive-by Appraisals: Protecting Against Interior Photograph Fraud

Genworth MI Blog

Recently, Desktop and Drive-by appraisals (no interior inspection by the appraiser) temporarily replaced some interior inspection appraisals as a necessary response to health risks and quarantine orders related to the COVID-19 pandemic. Download interior pictures from the internet depicting a better house.

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Mortgage Term Glossary

Assurance Financial

Fair Market Value. Fair market value is how much your home is likely to sell for if you put it on the market. The fair market value might be the same as appraised value, but it might also be higher. Home Inspection. The inspection can make the buyer aware of potential issues in a home.

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How to prepare a comparative market analysis (CMA) report

Housing Wire

A Comparative Market Analysis (CMA) is a detailed report that helps real estate agents evaluate and determine the market value of a property. The distance will really depend on your market and your knowledge of the surrounding neighborhoods. Professionally designed templates. Download to multiple formats.

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FHA vs. USDA Loans: What’s the Difference?

Assurance Financial

USDA loans , also known as Rural Development loans, are designed to make homeownership affordable and provide affordable housing to rural communities across the U.S. They are designed for borrowers with a low or very low income who want to purchase a home in a rural area. A home inspection isn’t required for a USDA loan.

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Buyer’s vs. Seller’s Market: How to Tell the Difference

Assurance Financial

In most cases, any situation that decreases a buyer’s urgency to buy and increases a seller’s urgency to sell will generate a buyer’s market. That’s why it’s beneficial to hire someone to conduct a pre-inspection of the house so you can pinpoint and fix any problems before listing the property.

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Important Mortgage Acronyms

Assurance Financial

Loans with an AMI limit are typically designed to help people who would otherwise not qualify for a mortgage to purchase a home. If the house doesn’t pass inspection or the sale doesn’t go through due to an allowable contingency, the buyer gets the EMD back. Downloadable Guides. Click here to download the file.