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Opinion: why we all have a stake in closing the homeownership gap

Housing Wire

The program helped a generation of Americans purchase their first home, however, due to a government policy known as “red-lining,” banks were effectively prohibited from issuing FHA-insured loans in neighborhoods that were predominantly Black or Hispanic. Less demand for homes will cause home values to drop in many neighborhoods.

Legal 330
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The Reality of Major Home Renovations

Eppraisal

Renovations are a great way to boost home value and aesthetics. Keep in mind this doesn't necessarily mean you’re liable, especially if the contractor has the relevant insurance. It wouldn't hurt to improve your security measures and enjoy some peace of mind.

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How Remaining Economic Life Works

Cleveland Appraisal Blog

Once we know how much the home costs to replace, we can extract a percentage of how much the home improvement has depreciated. Let’s say that in this example, the home that sold for $500,000 has a replacement cost of $425,000. If that is the case, the home’s improvements have depreciated approx.

Appraisal 365
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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?

Appraisal 105
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10 Ways to Financially Benefit From Your Home

PennyMac

.* Strategies to Unlock Your Home’s Financial Potential Understanding the different ways you can take advantage of your home can help you unlock its full financial potential and move you closer to your goals. Home Equity Loans Having home equity can be a safeguard for managing large expenses.

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Guide to VA Loans: How They Work and Who Qualifies

PennyMac

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. Use the funds for any purpose, such as paying off debt, funding education or making home improvements.

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How to Build Equity in Your Home

Assurance Financial

If your equity is $50,000, your home equity loan can be up to $42,500. Some people use the loan to cover the cost of a home improvement project, while others use the loan to help pay for their children’s college education. If you can afford a 20% down payment, your equity in the home would be $50,000 from the beginning.