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Home Appraisals – What Do They Look For?

D Fritz Appraisals

Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer. They are also used to assess the value of the home for home improvement loans and insurance evaluations. What is a Home Appraisal and Why is it Important?

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The Pros and Cons of Buying a House

PennyMac

Property taxes and HOA fees are the buyer’s responsibility. Buyer has full control over home improvements and upgrades. Homes frequently increase in value over the life of a mortgage. Home equity also increases your borrowing power. Credit scores increase with positive payment history. Process can be complex.

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10 Ways to Financially Benefit From Your Home

PennyMac

Equity is the difference between the market value of your home and the amount you owe on your mortgage. Once you've accumulated enough home equity, you can tap into it for various needs like home renovations, debt consolidation or other expenses. Consolidate Debt Your home equity can help you take charge of your debt.

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Buying a Vacation Home: 4 Critical Factors & Expert Advice

PennyMac

That is, until your home renovation projects start to go down the toilet (or worse, the toilet starts falling through the floor). Buying a vacation home? The rise of home renovation television shows has made many homeowners eager to transform rough diamonds into neighborhood jewels.