article thumbnail

Planet acquires Platinum Home Mortgage Corporation

Housing Wire

Founded in 1993 by Bill and Michael Giambrone, Platinum has 22 branches and 79 active loan officers, according to the mortgage tech platform Modex. Planet, which originates loans through the correspondent and retail channels, plans to grow organically and via mergers and acquisitions.

Retail 397
article thumbnail

Outdoor Renovations: Think Outside the Box

PennyMac

Kitchen and bathroom updates are some of the first ideas that usually come to mind, but you can get great returns from making outdoor renovations and improvements. We talked to real estate and renovation experts to gather their tips and insights on renovation projects for your home’s exterior living space.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

When Should You Seek an Appraisal to Eliminate PMI?

East Coast Appraisal

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.

article thumbnail

The REO Guide: 10 Steps to Buying a Bank-Owned Home

PennyMac

Many potential homebuyers and investors overlook bank-owned properties, but for buyers who take the time to understand the REO process, these homes can be a significant opportunity. 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.

article thumbnail

All You Need to Know About Reverse Mortgage Appraisals

AmeriMac

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.

article thumbnail

How a Home Appraisal From a Lender Can Make or Break a Mortgage for Your First Home or Beyond

Realtor

To do a home appraisal, an appraiser considers these main criteria: location, structural condition, additions or renovations, and recent sales of comparable homes, or comparable sales. Real estate appraisers are merely there to give an unbiased opinion about the home value. What appraisers do.

article thumbnail

How a Home Appraisal From a Lender Can Make or Break a Mortgage for Your First Home or Beyond

Realtor

To do a home appraisal, an appraiser considers these main criteria: location, structural condition, additions or renovations, and recent sales of comparable homes, or comparable sales. Real estate appraisers are merely there to give an unbiased opinion about the home value. What appraisers do.