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OJO Labs acquires personal finance platform Digs

Housing Wire

OJO Labs announced its first foray into fintech on Thursday with its acquisition of Digs, a personal finance platform. Digs is an FDIC-insured platform that helps consumers set and track savings goals, learn about the buying process, and understand credit.

Finance 240
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How 2020 exposed a greater need for collaboration between real estate agents and LOs

Housing Wire

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors in all things related to mortgage, insurance, moving, renovating and new home transitioning.

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When Should You Seek an Appraisal to Eliminate PMI?

East Coast Appraisal

Private mortgage insurance, or PMI, allows lenders to offer home loans to buyers without the traditional 20 percent down payment. This insurance covers the risk of financing a mortgage with less equity from the buyer. You may need to hit an even lower loan-to-value ratio for several years after signing.

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Appraisal Trends: Mastering Property Conditions and Location on the Appraisal Review

Genworth MI Blog

This should include photos of any recent updates/renovations that were used as adjustments and applied to the sales where the sales comparison approach is presented as support for the opinion of value. Source: David Foster is a Senior Real Estate Appraiser at Enact Mortgage Insurance.

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The REO Guide: 10 Steps to Buying a Bank-Owned Home

PennyMac

Some homebuyers are intimidated by foreclosed and bank-owned homes because they often require more renovations — and a different type of negotiation — than other options on the market. Step 2: Find a Lender and Discuss REO Financing. Additionally, it's possible that the property has gone through non-permitted renovations.

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The Pros and Cons of Buying a House

PennyMac

Rental insurance is inexpensive. While the majority of your home’s purchase price will be financed into the mortgage, you will still need a down payment. Cash-Out Refinancing is a popular way to get cash for just about anything—renovations, the purchase of a second home, or other long-term investments for your future.

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What Happens to My Mortgage If I Move?

Assurance Financial

According to Freddie Mac, almost 90% of American homeowners finance their homes with a 30-year mortgage. The cost of renovations or improvements the seller made to the house. If you sell first, you can take your time considering sales strategies and making any renovations or repairs. Bridge Loan. Home Sale Contingency.