Remove Finance Remove Insurance Remove Investors Remove Property Taxes
article thumbnail

Investors turn their eyes to affordable housing opportunities

Housing Wire

As the pandemic shifts from crisis to chronic, investors, community leaders and housing advocates say they intend to make the most of the chance to permanently elevate the case for affordable housing even as economic metrics are starting to shift. The influx of cash to consumers early in the pandemic kept rent payments flowing, all agree.

Investors 422
article thumbnail

Opinion: Improving housing affordability without exposing homebuyers to more risk

Housing Wire

For example, recently, Fannie Mae has focused on expanding alternatives to title insurance as a way to supposedly increase homeownership affordability. However, Fannie Mae’s own research from 2022 found that title insurance is not a significant component of the overall closing costs when buying a home.

Insurance 393
Insiders

Sign Up for our Newsletter

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

article thumbnail

Reasons To Get An Appraisal

Padove Appraisal Service

There are several reasons why someone may want to get a real estate appraisal: Buying or selling a property: If you are buying or selling a property, an appraisal can help determine its fair market value, which can be useful in negotiations and setting a listing price.

Appraisal 148
article thumbnail

Financing Options for First-Time Homeowners

Eppraisal

Here’s what you need to qualify for a loan, plus the rundown on five financing choices. How First-Time Homeowners Can Utilize Financing Options Buying a house involves saving considerable cash and borrowing the remaining funds necessary to make a purchase is the norm. They can be conforming or nonconforming.  Conforming

Finance 69
article thumbnail

Mortgage rates inch closer to 7%

Housing Wire

In addition, the spread between the 10-year Treasury and the 30-year fixed rate mortgage is poised to widen as uneasy investors might keep the risk premium elevated. For buyers of a median-priced home, the monthly mortgage payment—assuming a 20% down payment—amounts to about $2,300, not including property taxes and insurance,“ said Ratiu.

Mortgage 354
article thumbnail

The share of owner-occupants buying foreclosures has doubled — here’s why

Housing Wire

That policy required a 30-day “first look” auction during which only qualified nonprofits, government entities and owner-occupant buyers could bid on foreclosed properties with loans insured by the Federal Housing Administration (FHA). of all properties available for the first-look auctions during the quarter.

article thumbnail

How to Buy a Rental Property: Get Tips from the Experts

PennyMac

If so, you are probably intrigued by the prospect of investing in rental property. Financing, knowing what kind of property to buy, and the many other steps are all part of a well-rounded investment plan. Here are some tips from real estate experts on how to buy a rental property that’s right for you. Property taxes.