Housing Wire

JANUARY 6, 2021

For many middle-aged and older homeowners with several years of equity on their homes, 2021 could be a prime time to refinance from a 30-year fixed-rate mortgage into a 15-year mortgage. The three primary reasons homeowners refinance to shorter-term loans are to save money on interest, to pay off the loan faster, and to build equity. But the possibility of reduced future earnings is another key reason some refinance into a 15-year loan.

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JMV Lending

JANUARY 6, 2021

I touched on this last year a few times but am getting questions again because so many people have built Accessory Dwelling Units (ADUs) as a result of the COVID crisis. HOW MUCH IS MY ADU WORTH? An ADU or in-law or granny flat or outside cottage (or whatever you want to call it) is […]. The post Valuing An In-Law Unit Or An ADU (Accessory Dwelling Unit) appeared first on JVM Lending.

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Housing Wire

JANUARY 6, 2021

2020 has certainly been a year to remember. While we may be ready to firmly plant our feet in 2021, we shouldn’t leave the past 12 months behind without taking a critical look at how the COVID-19 pandemic has impacted the housing market, and how it will pave the way for 2021 and beyond. Before we repress these 2020 memories, let’s dive into how this pandemic has created housing disruption in a number of areas of the industry, providing us all a nudge toward trying new processes and technologies

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Appraisal Hub

JANUARY 6, 2021

Do you need to learn your home’s real market value? It is best to turn to one of the reputable and established appraisal firms in Toronto to hire a professional property appraiser. Knowing the actual market value of your home can be practical in different situations, such as when buying or selling, applying for a home equity loan, refinancing, or when verifying if your property can serve as collateral for cash or a small business loan.

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Housing Wire

JANUARY 6, 2021

Homeowners in the petri dish of iBuying can now sell their home via RedfinNow. Phoenix is the first market RedfinNow has launched in 2021, following the launch of San Francisco and Seattle early last month. RedfinNow is entering an already crowded market, joining the likes of Zillow , Opendoor and Keller Offers as well as bridge solutions like Knock Home Swap.

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Housing Wire

JANUARY 6, 2021

To generate buzz for its upcoming independent public offering , United Wholesale Mortgage (UWM) is offering a special deal on conventional mortgage loans to select borrowers for the next two months. “We’re going to celebrate this exciting time by kickstarting 2021 with 61 basis points for the next 61 days on all of our conventional W2 borrowers,” UWM President and CEO Mat Ishbia said in a video sent to brokers on Wednesday.

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Housing Wire

JANUARY 6, 2021

Foundation Title & Escrow announced it is expanding its footprint in Alabama through its merger with Paula Title. This is the latest in a series of growth expenditures for Tennessee-based Foundation Title & Escrow. Previously, the company expanded its territory into Florida’s Emerald Coast area. As part of this merger, Paulus Title founder and CEO Craig Paulus will now serve as president of Alabama operations.

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Housing Wire

JANUARY 6, 2021

iBuyer Offerpad has made its services available through Maronda Homes , a homebuilder in Pennsylvania, Florida , Ohio, Kentucky and Georgia. This is the first of the company’s strategic homebuilder partners to offer the services to new-construction customers, and they’re starting with the Florida market. As a partner in Offerpad’s Homebuilder Alliance program , Maronda Homes will offers homebuyers listing and direct sale products when purchasing a new build.

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Housing Wire

JANUARY 6, 2021

Georgia held its runoff election on Tuesday, and Democrats appear to have won control of the Senate. Now, housing experts are shifting their 2021 forecasts, theorizing that the refinance wave could be cut short. As of press time, the race was called for Democrat Raphael Warnock with a win likely for Democrat Jon Ossoff. Both men ran against incumbent Republican counterparts.

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Housing Wire

JANUARY 6, 2021

The first week of January is usually a quiet time for housing and for policy makers in Washington D.C. Typically, even in a transition year, despite the perfunctory obligations to certify elections, plan for inaugurations, and swear in new members of Congress, it is typically uneventful. 2021 is an entirely different scenario. The attempts to undermine the already confirmed electoral college has brought armed protestors to D.C. and is literally dividing the party of Lincoln between those willing

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