Housing Wire

APRIL 25, 2022

In Spokane, Washington, a mortgage loan officer at a regional bank has seen five borrowers qualify for a mortgage for one amount, only to have that number slashed a few months later. The culprit is property tax bills, which arrived on April 1, bearing property tax increases driven by fast-rising home prices.

Property Taxes 404

Property Taxes Government Appraisal Valuation 404

Eppraisal

FEBRUARY 6, 2024

Let's explore the various tax advantages of owning a home compared to renting, shedding light on why investing in homeownership can be a savvy financial move. Mortgage Interest Deduction One of the most significant tax advantages of owning a home is the ability to deduct mortgage interest from your taxable income.

Property Taxes 69

Property Taxes Renovations Home Improvement Law 69

Eppraisal

OCTOBER 13, 2023

Analyzing Operating Expenses To accurately gauge the profitability of an investment property, it's essential to account for all operating expenses. These may include property taxes, insurance, maintenance and repairs, property management fees, and any homeowner association (HOA) dues.

Investing 69

Investing Property Taxes HOA Real Estate 69

Realtor

FEBRUARY 11, 2021

One of the major benefits of being a homeowner is building equity with each mortgage payment, instead of putting money into your landlord’s pocket. Will you even qualify for a mortgage? Unless you have enough money in the bank to buy a house with cash, you’ll need a mortgage. How important is the freedom to renovate?

Property Taxes 78

Property Taxes Inspection Landlords Renovations 78

D Fritz Appraisals

OCTOBER 11, 2022

Financial institutes or mortgage lenders will require an appraisal to ensure the home is worth the amount of money being requested in the loan or mortgage. Renovation loan assessments. Mortgage financing and refinancing. Mortgage financing and refinancing. Property division in separation / divorce.

Appraisal 105

Appraisal Inspection Property Taxes Easement 105

PennyMac

JANUARY 2, 2024

More Contractors Available for Renovations Spring and summer are busy seasons for contractors, but things tend to slow down in autumn. Contractors, subcontractors and skilled laborers may be more readily available to take on your new home’s renovation or repair projects.

Renovations 28

Renovations Sellers Property Taxes Inventory 28

AmeriMac

APRIL 15, 2024

Whether you’re a buyer looking to secure a mortgage, a seller determining the asking price, or a homeowner considering a case of a refinance, understanding how to order a home appraisal quickly is essential for a successful home purchase. How Home Appraisals Affect Your Mortgage Home appraisals play a crucial role in mortgage loans.

Appraisal 36

Appraisal Appraisal Process Real Estate Renovations 36

PennyMac

APRIL 18, 2022

Mortgage interest and property taxes may be tax deductible. Property taxes and HOA fees are the buyer’s responsibility. Homes frequently increase in value over the life of a mortgage. Mortgage Matters. Beyond the Mortgage: Other Costs Associated With Homeownership. in your area.

Landlords 36

Landlords Property Taxes HOA Insurance 36

AmeriMac

MARCH 18, 2021

Regardless of whether you’re purchasing a new house or revamping your mortgage, getting an appraisal is a critical part of the process. However, the cost of your home appraisal may vary depending on the size and location of your property. An appropriate appraisal is critical for securing financing. Property size.

Appraisal 36

Appraisal Property Taxes Buyers Sellers 36

AmeriMac

MARCH 18, 2021

Regardless of whether you’re purchasing a new house or revamping your mortgage, getting an appraisal is a critical part of the process. However, the cost of your home appraisal may vary depending on the size and location of your property. An appropriate appraisal is critical for securing financing. Property size.

Appraisal 36

Appraisal Property Taxes Buyers Sellers 36

Assurance Financial

NOVEMBER 28, 2023

Taking out your first mortgage is a huge life step. A mortgage is a critical tool to have — it allows you to become a homeowner without putting down hundreds of thousands of dollars on the spot, and it lets you pay off your loan over time. About 96% of first-time homebuyers finance the purchase with a mortgage.

Mortgage 69

Mortgage Property Taxes Insurance HOA 69

Raleigh Realty

MARCH 29, 2021

You can rent the home out to tenants who pay your mortgage and bills while you continue to build your asset. From building wealth to making tax deductions, you gain a lot as a homeowner. Build Equity Every time you make a mortgage payment, you build equity in your home. Your gross income is the income before taxes.

Government 148

Government Real Estate Agent Insurance Property Taxes 148

Housing Wire

MAY 8, 2023

That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction. Once the transfer of ownership occurs at foreclosure auction, a distressed property can be renovated and returned to the retail market as affordable housing for homeowners or renters. “[I

Inventory 403

Inventory Renovations Supply Chain Buyers 403

AmeriMac

MARCH 18, 2021

Regardless of whether you’re purchasing a new house or revamping your mortgage, getting an appraisal is a critical part of the process. However, the cost of your home appraisal may vary depending on the size and location of your property. An appropriate appraisal is critical for securing financing. Property size.

Appraisal 28

Appraisal Property Taxes Buyers Sellers 28

Realvals

JUNE 18, 2023

By providing an unbiased estimate of a property’s value, an appraisal ensures that you know the real value of your property. Estate planning, property tax appeals, divorces, and gifting, are some of the many others. Mortgage lenders require an appraisal as part of the loan application process.

Appraisal 145

Appraisal Property Taxes Real Estate Market Value 145

Housing Wire

JANUARY 19, 2022

The option is not available for second homes, investment properties, cash-out refinances, construction loans, multi-unit properties, renovation loans, condos, co-ops or manufactured homes. Mortgage lenders have also tried to find ways to speed the appraisal process.

Appraisal 414

Appraisal Inspection Appraisal Process Property Taxes 414

Assurance Financial

MARCH 18, 2021

Refinancing could potentially lower your monthly payments , allow you to consolidate debt, speed up the payoff process for your mortgage, eliminate your private mortgage insurance (PMI) and put more cash in your pocket. Refinancing can make your mortgage more affordable and help you meet your financial obligations.

Property Taxes 85

Property Taxes Renovations Home Improvement Mortgage 85

Housing Wire

OCTOBER 17, 2023

Fix-and-flip investors — who tend to be smaller entrepreneurial players — acquire, renovate and then sell existing single-family homes — and, in some cases, hold them for rent for a time, depending on market conditions. It remained way below the 44.6% level from the second quarter of 2022 and far beneath a recent peak of 60.8%

Investors 405

Investors Inventory Investing Real Estate 405

Quicken Loans

APRIL 5, 2021

A major factor in anyone’s decision-making process, though, is one’s personal finances. Aside from initial closing and moving costs, you may be paying more closing costs when selling a home in addition to other costs such as repairs and renovations that would make the house sell for top dollar. However, that’s not always the case.

Landlords 72

Landlords Renovations Property Taxes Finance 72

Eppraisal

SEPTEMBER 26, 2023

Easier Financing Pooling your resources with your parent, adult child or in-law will expand your property options. Taking out a mortgage together can keep your debt-to-income ratio low, allowing you to buy a big home with plenty of space for everyone and a lower interest rate to pay down the principal more quickly.

Property Taxes 66

Property Taxes Insurance Landlords Renovations 66

Housing Wire

APRIL 13, 2023

The Federal Housing Administration (FHA) published a new draft version of a Mortgagee Letter (ML) on Thursday that would update the mortgage insurance requirements on single-family homes with accessory dwelling units (ADU). FHA’s action today advances the goals of the Biden-Harris Administration’s Housing Supply Action Plan.”

Finance 393

Finance Property Taxes Insurance Construction 393

The Robert Weiler Company

SEPTEMBER 7, 2022

Any improvements you wish to make, including renovations, are expected to yield a positive return on investment. Tax Deduction (homeowners can deduct property taxes and mortgage interest). Control Over Your Environment (homeowners can practically do whatever they’d like to their property). Your Choice!

Investing 78

Investing Business Real Estate Buyers 78

PennyMac

JANUARY 16, 2022

That is, until your home renovation projects start to go down the toilet (or worse, the toilet starts falling through the floor). Here’s how to know if the property you’re considering is a great investment, or just a great way to empty your wallet. So, you’ve finally found your dream vacation house. Buying a vacation home?

Investing 36

Investing Property Taxes Real Estate Renovations 36

Will Springer Realtor

MAY 9, 2023

Almost since the start of the pandemic, homeowners have been spending more time enjoying their low-financed houses and condos. Information from the National Mortgage Database shows 83% of all mortgage holders enjoy an interest rate below 5% when today’s average rate is about 6.5%. Property taxes are steep at $60K a year.

Real Estate 36

Real Estate Modernization Construction Supply Chain 36