Housing Wire

JULY 19, 2022

However, the lenders and loan officers who will be most successful in the second half of 2022 will be those who pivot quickly, understanding both the nuances of the market and the best strategies to help solve problems for today’s homeowners, homebuyers, homesellers, Realtors and financial advisors.

Mortgage 414

Mortgage Loan Officers Technology Real Estate 414

Housing Wire

APRIL 10, 2023

DG: For the past few years, homeowner engagement has been pretty basic — mostly apps focused on home value, home equity and market reports. This was fun to look at when home values were skyrocketing but is kind of depressing when the market starts to flatten or decline.

Home Value 414

Home Value Technology Clients Advertising 414

Housing Wire

JUNE 24, 2021

Buyside’s new feature enables the millions of homeowners who are currently receiving a Home Valuation Report from Buyside, to now see a personalized Home Equity Dashboard. According to NAR over 69% of buyers have a home to sell, so really homeowners represent the earliest buyer.

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Valuation Real Estate Agent Real Estate Clients 389

Housing Wire

APRIL 7, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and home sellers while also playing an expanding role as personal advisors. The Texas capital saw the largest rise in median list prices for homes among the 50 largest U.S.

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Housing Market Marketing Real Estate Technology 545

Housing Wire

JANUARY 18, 2023

“A small offset or decline in home values, which we are starting to see, (…) can help that consumer who’s in the market for the first time,” Brown said. While pushing back on the idea of potentially acquiring a mortgage lender, Brown said Rocket Companies will be prioritizing rightsizing and cutting costs.

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Housing Market Marketing Insurance Mortgage 442

Housing Wire

JANUARY 7, 2022

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Augusta home sales this year varied due to events that happen every year such as the start of school leading to fewer sales, Kelly said. Still, Augusta home prices are not immune to national trends.

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Housing Market Marketing Real Estate Agent Agents 393

Housing Wire

DECEMBER 27, 2022

In recent months, the canary has been chirping with far less exuberance as inflation (now above 7% annualized ), rising mortg a ge rates , declining home values and the potential of faster-rising unemployment spurred on by a potential recession in the coming year all grip the FHA sector.

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Insurance Home Value Mortgage Marketing 471

Housing Wire

APRIL 13, 2021

year-over-year increase in home values. Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap. In fact, Austin has just about 1.2 months of supply, and has seen a 19.7%

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Housing Market Buyers Marketing Real Estate Agent 532

Eppraisal

APRIL 20, 2021

A full pre-approval is when a mortgage loan officer pulls your credit, verifies your employment and income, has your complete application and has all the required documents from you. Your loan officer may even put your file through an initial underwriting. With limited inventory, home values are on the rise.

Sellers 66

Sellers Loan Officers Inventory Home Value 66

East Coast Appraisal

SEPTEMBER 12, 2022

A house bought for $200,000, for example, may carry PMI fees until the loan is paid down to $160,000. Many agreements wait until the loan has reached 78 percent of the home's value to automatically cancel PMI. Additionally, if your loan is still relatively new, additional restrictions may apply.

Appraisal 52

Appraisal Renovations Insurance Home Value 52

Eppraisal

DECEMBER 28, 2021

Application: Because You Say So When a mortgage applicant sits down with a loan officer to formally request a home loan, the information conveyed is received in good faith, i.e. the lender's representative gives the prospective borrower the benefit of the doubt as far as representations go regarding income, employment, assets and home value.

Mortgage 68

Mortgage Home Value Insurance Loan Officers 68

Cornerstone

FEBRUARY 2, 2021

Notably, homes are selling much sooner right now than they typically do in the winter. CoreLogic’s latest Homeowner Equity Insights Report also shows that appreciating home prices have contributed to rising home values. Should I sell my home before I buy another one? Will I make more money if I become a landlord?

Landlords 67

Landlords Loan Officers Buyers Sellers 67

Cornerstone

SEPTEMBER 3, 2021

This graph depicts the number of offers received by home sellers on average in peak months this year, according to the National Association of REALTORS® Confidence Index : If you’re a homebuyer, it’s critical to work with a skilled, local real estate agent who can help you put your strongest offer on the table. Climbing home prices.

Housing Market 49

Housing Market Marketing Inventory Loan Officers 49

Clear Capital

APRIL 1, 2024

If a borrower owns a home valued at $500,000 and they owe $250,000 on their mortgage, they can refinance with a $300,000 mortgage and take the $50,000 difference in cash. What can customers do with home equity loans? Determine tappable home equity for your existing customers.

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Lending Valuation Home Value Design 36

Cleveland Appraisal Blog

OCTOBER 14, 2021

I remember loan officers telling me that I needed to be “creative” with my appraisals. To “think outside of the box” when valuing a property. You can listen here or on my podcast at Home Value Stories. I kid you not! He shares some excellent insights on the subject. Housing Bubble-Icious.

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Inventory Market Value Appraisal Contracts 243

Cornerstone

APRIL 30, 2021

Increasing prices also indicate increasing home values, allowing a seller to tap into thousands of dollars in equity gains. This is especially true among millennial homeowners (now ages 25 to 40) who have a golden opportunity to trade up in 2021, “with many having owned their first homes long enough to see substantial equity gains.”.

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Sellers Buyers Inventory Loan Officers 66

Cornerstone

MARCH 12, 2021

Partner with a local loan officer who has the tried-and-tested technology to help you and your clients move fast. What happens if I sell my house and can’t find a new home to buy? If there’s a surge of foreclosures, will home values start to decline? Find a loan officer who cares as much as you do.

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Clients Sellers Loan Officers Real Estate 62

PennyMac

FEBRUARY 12, 2021

While mortgage rates continue to fluctuate, home values continue to rise , providing more equity to homeowners. In fact, one of the biggest advantages of switching to a conventional loan is that it can eliminate the mortgage insurance requirement altogether. What is the current value of my home?

Insurance 59

Insurance Loan Officers Finance Mortgage 59

Assurance Financial

APRIL 29, 2021

When deciding if it’s worth it to make a big down payment or not, there are some things to consider aside from home equity. If home values in your area are increasing rapidly and you have enough to put down 5% or 10%, it can make sense to buy now, even though you don’t have a full 20% down payment.

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Mortgage Insurance Home Value Loan Officers 74

PennyMac

DECEMBER 29, 2020

If you are in a hot real estate market with rapidly increasing home values, an appraisal amount that is much higher than your assessed value can be seen as a warning that your assessment (and therefore your property tax amount) may increase in the future.

Real Estate 36

Real Estate Property Taxes Appraisal Loan Officers 36

Chicagoland Appraisal Blog

MARCH 14, 2017

But then things got interesting because through the course of the transaction someone showed me an email from the loan officer where I learned the AMC was actually charging the buyer $345 higher than the fee I quoted. My Thoughts: I think this is a GIANT step backward and goes directly against ensuring public trust.

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Appraisal Real Estate Property Appraisal Loan Officers 78

AmeriMac

JANUARY 30, 2024

Moreover, the reverse mortgage appraisal report, reflecting the current home value, significantly aids in the loan application process. The reverse mortgage appraisal report stands as a pivotal element in the loan application, influencing the terms and approval, making it an indispensable part of the entire process.

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Appraisal Process Mortgage Appraisal Appraisal Mortgage 36

PennyMac

DECEMBER 23, 2020

You have a variable or adjustable-rate mortgage , you’re planning on staying in your house for several years, and you’d like to lock in a lower-interest fixed-rate loan. You’d like to shorten the life of your loan — for example, move from a 30-year fixed mortgage into a 15-year fixed rate mortgage.

Mortgage 36

Mortgage Lending Loan Officers Home Value 36

PennyMac

JULY 21, 2021

Eighty-four percent of real estate agents agreed, noting homes with trees are as much as 20 percent more salable. Next, plant small: Small foliage costs less, establishes more effectively, and appreciates in value. Contact a PennyMac Loan Officer to explore your choices.

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Renovations Real Estate Investing Design 36

PennyMac

DECEMBER 22, 2020

HVAC, plumbing), the structural integrity of the home, and check the prices of comparable homes in the area. Note: An appraisal, which tries to estimate true home value, is different from a home inspection, which tries to take inventory of current and potential issues.

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Inspection Real Estate Agent Real Estate Agents 69

Cornerstone

OCTOBER 26, 2021

Home values are climbing at nearly historic levels. As a result, hurdles related to home appraisals have also started to arise. In the past few months, it’s become commonplace for an appraisal to come back under a home’s contract price. Lean on your loan officer for guidance. Reading Time: 3 minutes.

Sellers 57

Sellers Buyers Appraisal Loan Officers 57

PennyMac

SEPTEMBER 2, 2020

Potential property value increase: According to the sales comparison approach (SCA), one of the most recognizable forms of valuing residential real estate, a “finished” garage that feels like an extension of the home’s indoor living space is one of several features that can increase overall home value.

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Design Buyers HOA Investing 36

Housing Wire

AUGUST 8, 2023

Our analysis of Home Mortgage Disclosure Act (HMDA) data focuses on conventional, non-conforming first-lien mortgages used to purchase or refinance single-family dwellings. In addition, HousingWire spoke to industry experts, lenders, and loan officers to share their insights on the jumbo market.

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Insurance Mortgage Clients Lending 370

AmeriMac

MARCH 29, 2024

The reverse mortgage process typically begins with a borrower contacting a loan officer who specializes in reverse mortgages. The loan officer will assess the homeowner’s eligibility and explain the details of the loan, including the potential loan amount and repayment terms.

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Mortgage Appraisal Appraisal Mortgage Appraisal Process 36

PennyMac

JUNE 28, 2022

This cost will depend on how much your insurance will cost per month, but it’s usually about $35 for every $100,000 in home value. If you’re buying a house built before 1979, you run the risk of lead-based paint in the home. Lead can cause many health problems, and it can be dangerous to have in your home.

Insurance 36

Insurance Property Taxes Sellers Inspection 36

Realtor

DECEMBER 15, 2016

But although the appraiser is hired by the buyer, “The appraiser doesn’t represent the seller or the buyer,” says Joe Parsons , senior loan officer at PFS Funding in Dublin, CA. Real estate appraisers are merely there to give an unbiased opinion about the home value. How appraisals affect the sale. Appeal the appraisal.

Appraisal 78

Appraisal Real Estate Agent Real Estate Mortgage 78

Realtor

DECEMBER 15, 2016

But although the appraiser is hired by the buyer, “The appraiser doesn’t represent the seller or the buyer,” says Joe Parsons , senior loan officer at PFS Funding in Dublin, CA. Real estate appraisers are merely there to give an unbiased opinion about the home value. How appraisals affect the sale. Appeal the appraisal.

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Appraisal Real Estate Agent Real Estate Mortgage 78

Cornerstone

MARCH 3, 2021

Economic Outlook from the National Association of REALTORS® (NAR) shows that existing home prices in the U.S. Experts project that home values will continue to increase throughout the year. Here’s a local loan officer who can help. are anticipated to rise by 4.5 percent in 2021. Ready to sell?

Sellers 55

Sellers Bracketing Buyers Inventory 55

Cornerstone

AUGUST 17, 2021

More than 38 percent of homes that are owner-occupied are owned outright, the U.S. Each time home values increase, homeowners receive a dollar-for-dollar equity gain. Home Equity Report shows: “34.4 Census confirms; these homeowners no longer have a mortgage.* ATTOM Data Solutions’ second-quarter 2021 U.S.

Mortgage 44

Mortgage Renovations Loan Officers Home Value 44

PennyMac

JANUARY 16, 2022

The rise of home renovation television shows has made many homeowners eager to transform rough diamonds into neighborhood jewels. Couple this with the improved job market and an upswing in home values, and you have a tidal wave of homeowners willing to invest in fixer-upper dwellings. Plus, it can be a great investment.

Investing 36

Investing Property Taxes Real Estate Renovations 36

PennyMac

SEPTEMBER 2, 2020

Surprisingly, the previous generation has even greater concerns, with 60% of baby boomers worried they will never be able to afford a down payment on a home. By offering mortgages with low or no down payments (as long as the sales price does not exceed the appraised home value), VA loans make home ownership possible for many.

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Insurance Finance Government Mortgage 36

Assurance Financial

NOVEMBER 9, 2021

This is because FHA loans are designed to accommodate first-time homebuyers and people with low-to-moderate income levels. Property appreciation potential: If you are moving to an area where home values are appreciating, you may receive a lower PMI premium. Does PMI Go Away if Home Value Increases?

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Insurance Mortgage Home Value Finance 41