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CFPB reverses pandemic flexibilities, vowing enforcement

Housing Wire

Among the unknowns servicers face in 2021 are changes that could affect lender-placed insurance (LPI). How servicers can stay ahead of Biden’s potential regulatory changes.

Insurance 410
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Success with Relocation Appraisals: Key Strategies

AmeriMac

In this blog, we will delve into the world of relocation appraisals and explore their importance in the relocation industry. We will also discuss the key differences between relocation appraisals and mortgage appraisals to provide a comprehensive understanding of the appraisal process.

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The Top Benefits of Getting a Residential Appraisal in Toronto

Appraisal Hub

Appraisal services in Toronto can provide an independent assessment, which can be used to challenge tax evaluations. Advantageous for Home Improvements and Insurance: Knowing the value of your home can guide you in making effective home improvements. Residential appraisals in Toronto can ensure that your home is adequately insured.

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Agents fight misconceptions to win deals for military veteran clients

Housing Wire

A lot of the misconceptions about working with VA loans center on the VA appraisal process – which differs from conventional mortgage appraisals – as well as the time it will take for a transaction to close. VA loans are secured by the VA, and statutorily must be appraised by the VA and not just any appraiser.

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All You Need to Know About Reverse Mortgage Appraisals

AmeriMac

One important aspect of the reverse mortgage process is the appraisal, which determines the value of the property and plays a crucial role in determining the size of the loan. One of the most common types of reverse mortgages is the Home Equity Conversion Mortgage (HECM), which is insured by the Federal Housing Administration (FHA).

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New Homebuyer’s Guide To Appraisals

Birmingham Appraisal

What is a Mortgage Appraisal? A mortgage appraisal is an appraisal that is done for mortgage lending purposes. Lenders, including banks and mortgage companies, require an appraisal to justify the loan they are making. Who is the Appraisal for? This is called equity.

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What Are Reverse Mortgage Pros and Cons?

AmeriMac

With this type of loan, you pay for insurance that is required for participation. You have to be current on any federal debt, insurance, and taxes. There are also downsides to getting a reverse mortgage, so consider the cons as well as the pros before you make up your mind to get one. However, there is yet more due.