article thumbnail

HUD affordability plan doesn’t include lowering FHA premiums

Housing Wire

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.

article thumbnail

Home Appraisals – What Do They Look For?

D Fritz Appraisals

They are also used to assess the value of the home for home improvement loans and insurance evaluations. Renovation loan assessments. Valuation for insurance claims. Local amenities – how close is the home to hospitals, schools, shops and public transport corridors? What is a Home Appraisal and Why is it Important?

Appraisal 105
Insiders

Sign Up for our Newsletter

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

article thumbnail

10 Ways to Financially Benefit From Your Home

PennyMac

Once you've accumulated enough home equity, you can tap into it for various needs like home renovations, debt consolidation or other expenses. The amount borrowed may even be tax deductible if the funds are used to renovate your home.* Consolidate Debt Your home equity can help you take charge of your debt.

article thumbnail

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. We also believe that there’s going to be strong appreciation for homes with the following characteristics: New / recently renovated to look “like HGTV;”.

article thumbnail

Millennials Expected To Maintain Real Estate Buying Intensity

Will Springer Realtor

An insurance company offered a good example of just how bad it has gotten. The owners spent two years – and presumably hundreds of thousands of dollars – to renovate the place about 15 years ago, featuring a Chef’s kitchen with two islands, double-oven and walk-in pantry. of all homes that are categorized as a second home. >>

article thumbnail

What Biden’s infrastructure plan does for housing

Housing Wire

According to Biden, two million affordable homes and commercial buildings would be built and renovated over the next decade as part of the initiative. 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.