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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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Outgrowing a Home: Should I Buy A Bigger House?

PennyMac

Or maybe you’d like to be within walking distance of stores, restaurants or public transportation. If your current home is causing you stress and not providing you the comfort you need, it may be time to upsize. Increased Responsibilities A larger home requires more interior and exterior upkeep. Quality of life is key.

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What’s Included in Closing Costs?

PennyMac

If you’re buying a second property (such as an investment property), sellers can contribute the same amounts for down payments above 10%. If you’re signing paper documents, they’ll need to be transported, and the courier fee will be what pays for that to be expedited. FHA Mortgage Insurance Premium. Homeowners Insurance.

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10 Ways to Financially Benefit From Your Home

PennyMac

Even if you’re not planning on selling anytime soon, this kind of investment often yields long-term financial benefits. Any increase in market value also contributes to an increase in your home equity. A single-family home, townhouse or multi-family unit can be a long-term asset, offering additional tenant income.

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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

On the other hand, the four restaurant workers would still need to spend monthly payments for rent, food, transportation, and insurance. Many of them invested their funds in the stock market (which was up 16%) and real estate (up to over 8% on average) last year. With a home that is liveable and rentable. Buyers Beware?

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SELLERS’ MARKET? HOW ABOUT BUILDERS’ MARKET?

Will Springer Realtor

Ed Brady, CEO of HBI, says a long-term solution is to begin investing in education, nurturing new workers from an early age and encouraging more interest in construction trades. Every year loan limits established for mortgage backers like Fannie Mae and Freddie Mac are reviewed and adjusted according to regional home values.

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