Realvals

JUNE 18, 2023

The LTV is a percentage that represents the amount of money to lend compared to the value of the home. It’s not uncommon for property owners, insurance companies, or tax authorities to have contrasting opinions on the value of a property. Typically, the government will notify you of their intent to acquire your property.

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Assurance Financial

NOVEMBER 28, 2023

You can also borrow strategically against your equity by taking out home equity loans — to perform renovations, say, and boost the eventual resale value of your home. Repayment: You make monthly payments on the loan , which typically include principal, interest, taxes and insurance. How Does a Mortgage Loan Work?

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Housing Wire

APRIL 27, 2023

But the caveat, of course, is that all bets are off if there’s a more meaningful contraction in lending [in the wake of recent bank failures and other economic factors] because then you’re in serious trouble,” Petrosinelli added.

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The Robert Weiler Company

OCTOBER 21, 2022

If you’re reading this article, you will likely need a commercial real estate appraisal for property being sold, mortgaged, taxed, insured, or developed. The information that arises helps enlighten those who own, manage, sell, lend money, or invest in commercial real estate property.

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Appraisal Today

SEPTEMBER 29, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, VA, flood and fires no insurance, retirement, few lender appraisals, unusual homes, mortgage origination $22M Modern Mansion on 130 Acres in Napa Has Its Own Cabernet Vineyard Excerpts: 6 bedrooms, 6.5+ The GSEs started keeping track in 71.

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PennyMac

AUGUST 10, 2022

FHA stands for the Federal Housing Administration, a government agency created in 1934 by the U.S. Instead, they insure loans offered by private lenders. This insurance removes some of the risk for lenders, allowing them to offer lower credit score and down payment requirements. Mortgage Insurance.

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PennyMac

JANUARY 3, 2024

VA loans are government-backed loans that offer veterans and service members more flexible borrower criteria than conventional loans. No monthly mortgage insurance premiums. Purchase a home and start building equity without the extra expense of monthly mortgage insurance. Does not apply to taxes, insurance or pre-paid interest.

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Appraisal Today

FEBRUARY 16, 2024

Preservation restrictions, often governed by the National Register or local historical commissions, can add value by ensuring the property’s integrity. Never use a lending form (such as a 1004) for estate work. For non-lending work like estate work, you can use a good, protective engagement agreement. Yes, appraisers do this.

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Assurance Financial

SEPTEMBER 28, 2021

If you’re leaning toward building a new home, get all the details on the lending process. With government-sponsored loans, a smaller down payment, such as 3.5%, is possible. Many construction loan programs require you to work with a licensed and insured contractor and ask you to submit plans before your loan is approved.

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Appraisal Buzz

SEPTEMBER 26, 2022

Governments have begun to address the housing issue by upzoning single-family homes. Other incentives are more federal support, clearer construction lending terms and fewer local regulations. Remove Condo Lending Restrictions. Another concern is defect litigation can increase the cost of insurance. Try Upzoning.

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Assurance Financial

APRIL 29, 2021

A lender particularly doesn’t want to lend more than a borrower can repay, as the lender risks losing a significant sum of money. FAIR (Fair Access to Insurance Requirement). FAIR is a state-mandated program and usually costs more than a private insurance policy. The FHA is a government agency and is part of the U.S.

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Housing Wire

MAY 17, 2022

Industry stakeholders have some ideas for how to further that goal, starting with more clarification on some FHA lending programs. It was intended to be a mutual fund, it wasn’t supposed to be a revenue source for the government, “ said Golding. It’s government intervention that caused massive inflation in the housing market.

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