article thumbnail

14 real estate trends Gen Z buyers are looking for

Housing Wire

Homes that are not visually appealing may not get attention from Gen Z, so agents should help these buyers see the renovating and redecorating possibilities to match their personal aesthetic. Easy renovations are key For spaces that might not be immediately appealing, Gen Z wants those that can be easily renovated.

article thumbnail

Credit union trade group backs proposed CFPB rules on PACE loans

Housing Wire

The Credit Union National Association (CUNA) late last week released two comment letters expressing the association’s agreement with proposed rules on bolstering borrower protections for Property Assessed Clean Energy ( PACE ) financing for home renovations.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

MISMO to launch working group to create eHELOC standards

Housing Wire

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).

Lending 325
article thumbnail

7 Problems to Watch Out for During a Home Renovation

Eppraisal

Are you planning a home renovation to increase your property's value or preparing to sell your home in the future? Home renovations can be exciting and rewarding but can also come with their fair share of challenges. Plumbing Issues Plumbing issues can be a major headache during a renovation.

article thumbnail

FHA proposes changes to 203(k) program

Housing Wire

There are two versions: the standard, which includes structural repairs and requires an approved consultant, and the limited version, which is focused on minor renovation and repair and does not require a consultant.

article thumbnail

How one lender is solving problems in the fix-and-flip space

Housing Wire

The company has created a new vertical of loans and an entirely new LOS designed just for borrowers looking to purchase a home and renovate it to put back on the market. Because of this, there isn’t endless documentation to analyze — no W2s, bank statements or tax returns. “It It makes for a much faster underwrite,” Lind said.

Lending 407
article thumbnail

3 unique mortgage products to get today’s homebuyer qualified

Housing Wire

This is because they don’t require employment or income documentation and close quickly. The answer is a separate mortgage or second lien that allows them to tap into their home equity for home renovations or debt consolidation. Real estate investors build their portfolios regardless of market conditions. trillion.

Mortgage 394