Housing Wire

MARCH 9, 2021

In 2019, the typical homeowner in a primarily white neighborhood had $33,000 more home equity than the typical homeowner in a primarily Black neighborhood. “Significant gains in home values fueled equity gains from 2019 to January 2021 for homeowners of all races,” the press release stated.

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Home Value Market Value Brokerage Inventory 470

Houston Properties

JULY 22, 2022

Home Value Of My House: Tips for Pricing Your Houston Home. Asking yourself, "What is the home value of my house in Houston"? Use this Houston home valuation tool from HoustonProperties.com. Value Your Home. Planning to sell your home but overwhelmed with all the steps to take?

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Housing Wire

FEBRUARY 21, 2023

Jay Farner likes to tell a story about his early days at Rock Financial , which would become Quicken Loans and eventually Rocket Mortgage. It was 1996 and Dan Gilbert , the founder and CEO, announced that the company’s mortgage bankers weren’t going to meet with applicants face to face. Learn quickly. With the Feb.

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Housing Wire

JANUARY 10, 2023

However, all of the concerns from last year threaten to carry over — from the fear of recession to stubborn high home prices and the stickiness of sub 3% mortgage rates that keep future buyers firmly planted in their existing homes. And yet the MBA Mortgage Finance Forecast for 2023 has some bright spots in it.

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Modernization Finance Appraisal Valuation 355

Eppraisal

DECEMBER 28, 2021

Application: Because You Say So When a mortgage applicant sits down with a loan officer to formally request a home loan, the information conveyed is received in good faith, i.e. the lender's representative gives the prospective borrower the benefit of the doubt as far as representations go regarding income, employment, assets and home value.

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Mortgage Home Value Insurance Loan Officers 68

Eppraisal

FEBRUARY 14, 2023

Taking title is a concept, not a document. When you close on a home, you will not receive a title document. However, you will receive a physical, legal document called a deed. A Property Deed When you close on a home, you receive an official document called a deed.

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Premier Home Appraisal Blog

MAY 30, 2023

My home appraisal saved me money! Are you tired of paying for private mortgage insurance (PMI) every month? PMI is typically required when you put down less than 20% on the purchase of a home, but once you reach the equity threshold of 20%, you may be eligible for PMI removal. Subtract your outstanding mortgage balance.

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Appraisal Home Value Appraisal Process Insurance 98

Eppraisal

JULY 19, 2022

Unsure if you should hire an attorney to represent you in your real estate transaction, ask your real estate agent or mortgage lender. With home values rising and homes selling at record speed, it is helpful to have an attorney on your side during the transaction. The buyer's mortgage company requires this.

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Eppraisal

APRIL 25, 2023

In the last post, we looked at how bank failures can lead investors to bonds which, subsequently, pressure mortgage lenders to lower their interest rates. Real estate owned (REO) properties are those that were once collateral to an active mortgage but were seized in foreclosure actions. How Does the REO Process Work?

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Housing Market Real Estate Property Taxes Home Value 36

PennyMac

FEBRUARY 12, 2021

Like many American homeowners, your first mortgage may have been a loan with the Federal Housing Administration (FHA). On the other hand, FHA loans require certain provisions which can sometimes be a burden on a homeowner’s budget, often in the form of premiums paid for mortgage insurance. Can You Refinance an FHA Loan?

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Housing Wire

JANUARY 25, 2021

Much like the changing of the calendar, buying and selling homes follows a seasonality that that those in mortgage and real estate have grown accustomed to. But a recent study from tech startup Haus found that mortgage rates can also be seasonal, and borrowers can benefit from understanding that rhythm. Analyzing over 8.5

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Mortgage Home Value Real Estate Finance 523

Eppraisal

NOVEMBER 12, 2021

Selling your home can be profitable in today's seller's market as home values have risen significantly this year. What's taken many sellers by surprise this year, however, is that some homes haven't been appraising due to these higher sales prices. Here are a couple of tips on what to expect during an appraisal.

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East Coast Appraisal

FEBRUARY 28, 2022

Market Trends Market conditions determine your home's value at any given time. If there are many houses for sale in your area and the demand is low, your home's worth may decrease. Interest rates and mortgage markets affect how many prospective buyers eye your home.

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Housing Wire

JULY 25, 2023

Impact on home values and sales In the meantime, real estate agents in Florida and California are concerned that the rising homeowners’ insurance costs in their states will have a negative impact on homeownership. “The A year or two ago that would have been a slam dunk, no questions asked,” he told HousingWire.

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Eppraisal

APRIL 22, 2022

Congratulations on your new home! It is a great time to purchase a home, as home values are still rising. You can look forward to moving into your new home and making it your own. Now that you have closed on your new home, there are a few things you need to attend to right away.

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Zillow

JULY 15, 2019

Appraisal management company (AMC) : An institution operated independently of a lender that, once notified by a lender, orders a home appraisal. Buyers should budget for an amount that is 1% to 3% of the home's purchase price. Closing disclosure (CD) : A five-page document sent to the buyer three days before closing.

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Clear Capital

FEBRUARY 23, 2024

The contract will also likely reference a second document, either a deed restriction or a ground lease. When appraising a shared equity property, you should first develop an independent assessment of the fair market value of the property to assist in determining the property’s leasehold value. As an appraiser, how can you help?

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Eppraisal

APRIL 20, 2021

Have Your Financing in Order If you're in the market to buy a home in the near future, the most important item on your agenda is to have proof that you have enough cash for the purchase or are pre-approved for a mortgage. Have your pre-approval letter ready to submit with your offer to purchase a home when you find one. .

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Sellers Loan Officers Inventory Home Value 66

Zillow

JUNE 20, 2018

Getting a mortgage can be a breeze or a slog, depending on what you know about the process. To get organized and set your expectations properly, let’s debunk some common mortgage myths. Rates are tied to daily trading of mortgage bonds, so most lenders' rates change throughout each day. Lenders use your best credit scores.

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Mortgage Real Estate Agent Real Estate Insurance 36

Eppraisal

DECEMBER 9, 2021

Houses are selling in record time and prices have risen at unbelievable rates; homeowners are experiencing nice increases in home values. Buyers lost out on homes because of other buyers and investors paying cash. Sometimes the closing costs can be less than with a conventional mortgage loan.

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Sellers Buyers Home Value Insurance 36

D Fritz Appraisals

MARCH 16, 2021

The benchmark for your home’s worth, an appraisal is a legal document that determines the fair market value of a property. It takes the home itself, the neighbourhood and the available historical data into account to determine the most accurate valuation.

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Appraisal HOA Easement Valuation 126

Eppraisal

NOVEMBER 23, 2021

The real estate market is still hot and there are currently more buyers than homes available for sale. So far in this year's fall real estate market, home values continue to rise. Despite the super seller's market, appraisers are protecting the mortgage companies' interests.

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Appraisal Real Estate Agent Real Estate Inspection 36

D Fritz Appraisals

OCTOBER 11, 2022

What is a Home Appraisal and Why is it Important? A home appraisal is a legal document containing information that determines the current fair market value of a new or existing property. Mortgage financing and refinancing. Contact us today to let us know how we can help with your home appraisal needs.

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Appraisal Inspection Property Taxes Easement 105

Eppraisal

FEBRUARY 28, 2023

Financing Contingency The financing contingency gives the buyer time to obtain a clear-to-close on his mortgage. During this time the buyer must submit all the financial documents require by the mortgage company, have an appraisal done and wait for the file to go through underwriting. This contingency is typically the longest.

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Inspection Contracts Sellers Real Estate 36

Housing Wire

OCTOBER 8, 2021

The Consumer Financial Protection Bureau (CFPB) today settled a lawsuit against the nation’s largest reverse mortgage lender for allegedly sending consumers inflated home valuations. The direct mailers advertised a prominent “estimated home value,” per the court filing, which the CFPB claimed was inflated.

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Appraisal Today

MARCH 22, 2024

NOTE: Please scroll down to read the other topics in this long blog post on Fannie March Update, Bias and not using time adjustments, Climate change effects on risk and values, answer your phone if you want more appraisal business, unusual homes, mortgage origination stats, etc. Mortgage applications decreased 1.6

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Appraisal Contracts Business Insurance 68

Eppraisal

OCTOBER 11, 2021

Home buyers and owners have the challenge of acquiring and managing what will likely be the most expensive asset they will ever own. An intelligent approach to this involves careful monitoring of cash flow and an accurate assessment of home value. These are initial lenders that interface with mortgage applicants.

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Investors Retail Mortgage Home Value 36

Eppraisal

MARCH 13, 2021

Interest rates are still historically low and, in many areas, when a home is listed for sale, it's a race as to who sees it and puts in an offer first. Many homes receive multiple offers within a couple days of going on the market with buyers often paying more than list price for homes. Help you arrange inspections.

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Buyers Brokerage Contracts Home Value 36

Realtor

JANUARY 23, 2018

Congress outlawed the use of such assessments, called broker price opinions, or BPOs, to value properties for traditional mortgages. Now these perfunctory valuations abound, underpinning tens of billions of dollars of home deals. Now these perfunctory valuations abound, underpinning tens of billions of dollars of home deals.

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Appraisal Real Estate Agent Valuation Real Estate 78

Realtor

JANUARY 23, 2018

Congress outlawed the use of such assessments, called broker price opinions, or BPOs, to value properties for traditional mortgages. Now these perfunctory valuations abound, underpinning tens of billions of dollars of home deals. Now these perfunctory valuations abound, underpinning tens of billions of dollars of home deals.

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Appraisal Real Estate Agent Valuation Real Estate 78

AmeriMac

JANUARY 30, 2024

What is a Reverse Mortgage Appraisal? A reverse mortgage appraisal is an evaluation of a property’s value to determine how much money can be borrowed through a reverse mortgage. The appraisal is important because it helps lenders assess the risk associated with the reverse mortgage loan.

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Appraisal Process Mortgage Appraisal Appraisal Mortgage 36

The Robert Weiler Company

OCTOBER 15, 2021

Consider this: According to Crain’s Chicago Business, Columbus saw the most substantial increase in total home value in the country. The mortgage payments, utility fees, and maintenance costs are all on your shoulders. That’s great news for commercial real estate, which traditionally follows the residential market trends.

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Investing Real Estate Tenants Investors 138

Eppraisal

DECEMBER 20, 2022

Get Pre-approved Begin work early in your process to speak with a mortgage lender and get pre-approved (Paying cash for a home? The lender will analyze your income, assets and debt then sharea list of paperwork to submit with your mortgage application. Appraisals will determine the current fair market value of the house.

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Real Estate Buyers Inspection Real Estate Agent 36

Housing Wire

MAY 2, 2021

Using an AVM helps lenders quickly and accurately get an independent assessment of collateral value, which can streamline the home buying process for them and the borrower. Total Home Value x (THV x ) from CoreLogic is a state-of-the-art AVM built to simplify and standardize valuation through the loan lifecycle.

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Valuation Home Value Lending Technology 351

Will Springer Realtor

MARCH 7, 2023

The highest property value increase in King County this year occurred in Sammamish, where the median home value jumped 51%. If a mortgage company pays an owner’s property tax, the county’s payment information is forwarded to the company per their request. Real estate brokers are not typically practicing attorneys.

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Property Taxes Market Value Real Estate Government 36

Housing Wire

OCTOBER 18, 2022

Unlike first mortgages, HELOCs are usually low- or no-cost products for consumers. Cost is one of the reasons why AVMs have historically been the valuation product of choice for home equity products. More advanced AVMs provide these lenders with new options, particularly for low loan-to-value (LTV) clients and HELOCs.

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Birmingham Appraisal

JULY 7, 2022

These factors, as well as others, have an impact on home values because it affects buyer and seller behavior. An appraisal is recorded documentation that reports on this behavior as it relates to properties that are similar to the one being appraised.

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Appraisal Marketing Contracts Buyers 64