Housing Wire

DECEMBER 14, 2023

In an update to its selling guide , Fannie Mae announced Wednesday that it was expanding the use of attorney opinion letters in lieu of title insurance. Fannie Mae first announced that it would accept loans secured with an AOL in lieu of title insurance in limited circumstance in April 2022.

Insurance 439

Insurance Finance Renovations Government 439

Housing Wire

JUNE 9, 2022

Renovation financing startup RenoFi now offers a fixed-rate home renovation loan, which allows homeowners to borrow as much as 90% of their home’s after-renovation value — a move to target homeowners who don’t qualify for a home equity line of credit (HELOCs).

Renovations 370

Renovations Finance Inspection Buyers 370

Housing Wire

AUGUST 10, 2023

Meanwhile, innovation-driven transparency is helping to make distressed property auctions more accessible for these owner-occupant buyers as well as for local community developer buyers who, it turns out, sell most of their renovated foreclosures to owner-occupants. of all properties available for the first-look auctions during the quarter.

Renovations 370

Renovations Buyers Development Insurance 370

Housing Wire

JULY 14, 2022

Senior officials at the Department of Housing and Urban Development , which houses the FHA, said today during a press briefing that it would focus on improving financing for manufactured homes and revamp its renovation financing. In May, more than three dozen independent mortgage banks urged the FHA to cut mortgage insurance premiums.

Renovations 384

Renovations Finance Insurance Transportation 384

Housing Wire

FEBRUARY 13, 2024

And it boasts a home renovation calculator and home service offerings from Hometap’s partner network. Bain Capital , American Family Ventures , Iconiq Capital and Group 1001’s Delaware Life Insurance Co. are some of the partners who help Hometap fund its home equity investments.

Investing 400

Investing Renovations Tools Real Estate 400

Housing Wire

MARCH 22, 2021

The Insurance Commissioner for the state of Washington apparently concluded that Modus offered real estate agents and their clients a “thing of value,” such as free home warranties, other closing-related services, in exchange for switching their escrow and title services to Modus.

Insurance 432

Insurance Real Estate Agent Brokerage Real Estate 432

Housing Wire

JULY 25, 2023

Homeowners and renters may not have felt the full impact of climate-related disasters since, oftentimes, they do not end up directly paying for renovations or repairs necessitated by an adverse climate event, Fairweather said. Recently, prominent insurance companies have exited some of these areas.

Housing Market 370

Housing Market Insurance Marketing Renovations 370

Housing Wire

FEBRUARY 21, 2023

The same analysis of 435,000 distressed property dispositions shows that 72% of properties that were renovated and resold after being purchased at foreclosure auction ended up in the hands of owner-occupants. That was 14 percentage points higher than the 58% homeownership rate for retail REO sales.

Housing Market 384

Housing Market Renovations Marketing Retail 384

Housing Wire

DECEMBER 21, 2023

Benefits can include: No down payment Competitive interest rates No private mortgage insurance (PMI) Limited or no closing costs Funding fee waived for service-connected disabled veterans More favorable credit criteria Loan types There are a number of VA loan options to meet the needs of today’s veteran buyers, including purchase and refinance.

Mortgage 441

Mortgage Renovations Appraisal Process Finance 441

Appraisal Buzz

OCTOBER 25, 2021

HomeBinder reports that it has added new features and user interface (UI) improvements to its centralized home management platform that keeps homeowners connected with mortgage lenders, home inspectors, insurance providers, home pros, real estate agents, and other authorized professionals.

Real Estate Agent 195

Real Estate Agent Renovations Valuation Insurance 195

Housing Wire

NOVEMBER 30, 2023

The 203(k) Rehabilitation Mortgage Insurance Program helps borrowers purchase a home or refinance an existing mortgage and includes the cost of repairs or rehabilitation into one new mortgage.

Architecture 450

Architecture Renovations Inspection Finance 450

Housing Wire

MAY 14, 2021

And while price matters, it’s easier to renovate a home than pick up and move it to another city. After all, the older the home the more you might have to pay in renovations or general upkeep. Not to mention, older homes can cost more to insure if they need certain repairs. Before buying a home, consider the location.

Renovations 496

Renovations Modernization Housing Market Real Estate 496

Housing Wire

FEBRUARY 1, 2024

The Brookings Institution summed it up well: “Today, downtown Detroit is nearly unrecognizable from previous decades, with new features such as the QLine streetcar system, a renovated Detroit Tigers ballpark, a riverwalk, and Campus Martius Park.

Real Estate 410

Real Estate Appraisal Insurance Training 410

Housing Wire

FEBRUARY 16, 2022

Examine previous transactions with a lender, such as funding renovations on investment property, to better understand the lender’s experience with diverse real estate projects. If your state requires a lending license, make sure a the lender is licensed. Escrow officers and title agents.

Real Estate 384

Real Estate Investing Investors Renovations 384

Housing Wire

MARCH 22, 2023

The program provides direct loans to Native American veterans and veterans who are married to Native American non-veterans to help with the purchase, construction or renovation of a home on trust land. The program is separate from the broader VA loan program that is available to all veterans.

Mortgage 397

Mortgage Renovations Insurance Construction 397

Housing Wire

JANUARY 12, 2024

The pandemic-era run-up in home prices and the property’s reappraisal made the burdens of the mortgage payments too high when deducted from the gift itself, Dooley explained to the outlet, despite the Conleys continuing to pay for taxes, utilities and renovations for the property.

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Tools Mortgage Finance Lending 431

Cleveland Appraisal Blog

AUGUST 25, 2022

You’ve just purchased your first property to renovate. Let the Renovations Begin! When you’re figuring out how much money you can put into your property, don’t forget to calculate renovations. How can you capitalize on your first investment property? Next, look at your space.

Investing 332

Investing Renovations Landlords Real Estate 332

Housing Wire

MAY 18, 2022

CM : Firstly, reverse mortgages, whether government-insured or proprietary, are non-recourse loans. As with any mortgage, the borrower must meet their loan obligations: keeping current with property taxes, homeowners insurance, and maintenance. To learn more about RMF and reverse mortgages visit reversefacts.com/HW. Not tax advice.

Mortgage 397

Mortgage Clients Insurance Tools 397

Housing Wire

APRIL 9, 2021

. “We’re giving them an offer to unlock their equity and move forward to make an offer on their next home,” Ryan Raveis, co-president of William Raveis Real Estate, Mortgage & Insurance (WRRE) , said in an interview with HousingWire.

Brokerage 410

Brokerage Real Estate Clients Insurance 410

Housing Wire

OCTOBER 15, 2020

Digs is an FDIC-insured platform that helps consumers set and track savings goals, learn about the buying process, and understand credit. It also enables OJO Labs to continue to add value for agents and loan officers by equipping them to better engage with consumers.

Finance 255

Finance Renovations Loan Officers Agents 255

Housing Wire

JANUARY 5, 2024

However, there could be some fluctuations in housing expenses due to changes in taxes or insurance. Lower interest rates can also make borrowing against home equity more attractive, allowing homeowners to access cash for renovations, debt consolidation or other financial goals.

Real Estate 441

Real Estate Agents Marketing Sellers 441

Housing Wire

APRIL 22, 2024

I can also provide expert advice about renovations and the potential return on investment — where to get the biggest bang for your buck — or simply answer any questions you have about the market. If you want to think outside the box, consider partnering with an ambitious insurance agent who offers both rent and homeowners insurance.

Real Estate 439

Real Estate Open Houses Brokerage Real Estate Agent 439

Housing Wire

FEBRUARY 24, 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 sellers while also playing an expanding role as personal advisors in all things related to mortgage, insurance, moving, renovating and new home transitioning.

Real Estate Agent 368

Real Estate Agent Real Estate Agents Loan Officers 368

Housing Wire

FEBRUARY 26, 2021

Try one of these renovations: More for Real Estate Enthusiasts. Four renovations to consider before selling your house. If you’re not up to funding any major renovations at the moment, there are smaller changes you can make to reduce your risk in the event of a natural disaster. Finally, double-check your insurance policy.

Renovations 372

Renovations Design Real Estate Insurance 372

Housing Wire

APRIL 8, 2021

But be sure to consider how other recurring costs that may come with homeownership – such as homeowners insurance, property taxes and common charges like HOA fees – factor into your total monthly housing expense. These costs may also fluctuate over time.). As Gnisci says, “Owning gives you more freedom to personalize your home.”

Property Taxes 410

Property Taxes Landlords HOA Renovations 410

Housing Wire

MARCH 18, 2022

Over the years I ended up teaching classes on renovation loans, mortgage insurance, mortgage mechanics, etc.,” Touching on the reverse mortgage topic in one of these classes proved to be a difference-maker for him, he says.

Real Estate 520

Real Estate Real Estate Agent Mortgage Agents 520

Realtor

AUGUST 1, 2018

But in the middle of this process, someone asked us how much our mortgage insurance would be. “Mortgage insurance?” You’re on the hook for mortgage insurance for the life of the loan. Let’s get into the first thing you’ll have to factor in with an FHA loan: mortgage insurance.

Inspection 136

Inspection Insurance Buyers Renovations 136

East Coast Appraisal

SEPTEMBER 12, 2022

Private mortgage insurance, or PMI, allows lenders to offer home loans to buyers without the traditional 20 percent down payment. This insurance covers the risk of financing a mortgage with less equity from the buyer. Private mortgage insurance safeguards lenders from borrowers who fail to keep up with payments.

Appraisal 52

Appraisal Renovations Insurance Home Value 52

Housing Wire

MARCH 7, 2024

In the address, the president will call for a $10,000 tax credit for both first-time homebuyers and people who sell their starter homes; the construction and renovation of more than 2 million additional homes; and cost reductions for renters. It is also wary of some of the proposals.

Construction 534

Construction Renovations Insurance Landlords 534

Assurance Financial

APRIL 18, 2022

After your purchase, you can renovate the property to make it suit your tastes and fit your needs. Depending on the extent and cost of your home improvement goals, you might need to take out a loan for renovations. A home renovation loan is most likely not going to be the same as your mortgage. Why Remodel Your Home?

Renovations 74

Renovations Construction Home Improvement Mortgage 74

Lamacchia Realty

MAY 20, 2022

What to Know About Home Renovations in 2022. HOME RENOVATIONS IN 2022 It’s well known that the world has seen a multitude of changes over the past few years, and the home renovations. Obtaining Home Insurance in Florida. FLORIDA HOME INSURANCE Buying a home is a big step, to say the least. May 20, 2022.

Realty 67

Realty Business Renovations Realtors 67

The Robert Weiler Company

JUNE 17, 2022

The latter can be a lot cheaper but the amount of renovations required might end up costing you more in the long-run. Consider additional costs, such as insurance and mortgage. Plan your budget and understand your mortgage payments. Consider whether you’d like a new apartment building or a fixer-upper.

Property Management 147

Property Management Renovations Real Estate Investing 147

Eppraisal

OCTOBER 13, 2023

These may include property taxes, insurance, maintenance and repairs, property management fees, and any homeowner association (HOA) dues. This includes the down payment, closing costs, and any renovation or improvement expenses. Be sure to factor in all associated costs, including mortgage interest, property taxes, and insurance.

Investing 69

Investing Property Taxes HOA Real Estate 69

Realtor

AUGUST 1, 2018

But in the middle of this process, someone asked us how much our mortgage insurance would be. “Mortgage insurance?” You’re on the hook for mortgage insurance for the life of the loan. Let’s get into the first thing you’ll have to factor in with an FHA loan: mortgage insurance.

Inspection 78

Inspection Insurance Buyers Renovations 78

Movoto

APRIL 24, 2024

Ideally, you’ve renovated and updated the property to modern standards, as this will allow you to successfully obtain an amount on the higher end. After you’ve completed a repair or renovation, you should hold onto as many useful materials as possible – whether it’s trim, shingles, ceramic tiles, or other items you’ll surely need again.

Tenants 36

Tenants Landlords Logistics Insurance 36

Realtor

FEBRUARY 11, 2021

When considering the overall cost of homeownership, the price of insurance and property taxes will vary based on community and location,” Ross says. How important is the freedom to renovate? Owning a home gives you the freedom to renovate and decorate to your heart’s content.

Property Taxes 218

Property Taxes Inspection Landlords Renovations 218

Town & Country Residential Appraisals

AUGUST 14, 2023

Insurance Coverage Understanding the value of your home is essential for obtaining the appropriate insurance coverage. It is important to note that home values can fluctuate over time due to various factors such as market conditions, location, renovations, or changes in the neighborhood.

Property Taxes 43

Property Taxes Home Value Insurance Renovations 43