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Change Lending to join Federal Home Loan Bank of San Francisco

Housing Wire

Nonbank mortgage originator Change Lending will become a member of the Federal Home Loan Bank of San Francisco (FHLB-SF). We welcome a partnership with the FHLB-SF to enhance our strength and reach as America’s CDFI,” said Steven Sugarman , founder of the Change Company, the parent company of Change Lending. “We

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Rhode Island historian uses a reverse mortgage as an estate planning tool

Housing Wire

A proprietary reverse mortgage from Finance of America Companies (FOA) now secures the home of Rhode Island ’s honorary historian laureate after the property was returned to the owner after attempts to bequeath it to a nonprofit historical society he founded. This is according to reporting from The Providence Journal.

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Biden tax credit to rehab homes is finally unveiled

Housing Wire

HUD has also taken steps to craft a rule on the legal duty to Affirmatively Further Fair Housing. How hybrid title and valuations help increase lending efficiency. Investors who acquire and renovate older homes could claim the credit on their federal tax returns, as long as the home is sold to and occupied by an eligible buyer.

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Make Your First Investment Property an Attractive and Profitable Option

Cleveland Appraisal Blog

You’ve just purchased your first property to renovate. Keep in mind that investment homebuyers will be required to put down a minimum of 15% to secure financing, according to Lending Tree. Let the Renovations Begin! How can you capitalize on your first investment property? Determine How Much You Can Afford.

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When — And Why — Are You Required to Have Commercial Real Estate Appraised?

Appraisal Hub

Financing Ventures: When you seek financial backing, lenders look for a solid ground to stand upon. An appraisal offers them a clear picture, helping them gauge the safe lending amount against the property’s true value. Legal and Tax Matters: Sometimes, the journey encounters legal twists and turns.

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Just Put in an Offer on a Home? Here's What to Expect

Eppraisal

Your bid may need to be higher, your contract contingencies may be undesirable or other buyers may have more attractive financing requirements. Your offer will only become legally binding if the seller signs it. Finalize the Closing Date The closing date usually occurs between 30 and 60 days after the offer becomes legally binding.

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How to Avoid Scams as a New Homeowner

Eppraisal

However, first-time buyers tend to be more vulnerable to scams, from financing to maintenance and remodeling.  It's  Other lending scams include interest rate offers much lower than average and monthly mortgage payment scams. Homeownership is an exciting chapter of anyone's life.

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