Housing Wire

NOVEMBER 1, 2022

As mortgage rates hit 7% and above, loan officers are seeing new borrowers increasingly interested in options that can help reduce their initial mortgage payments. Temporary rate buydowns are not new, but many loan officers may not be familiar with the option. So what is a 2/1 rate buydown?

Loan Officers 433

Loan Officers Sellers Clients Buyers 433

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 369

Real Estate Agent Real Estate Agents Loan Officers 369

Housing Wire

FEBRUARY 15, 2023

In addition to roles as branch manager and regional manager at different lenders, Sheppard has climbed through the ranks as a loan officer at APM, and most recently served as APM’s EVP of national production. While APM saw production drop by about 42% in 2022 to $13.8

Retail 370

Retail Renovations Loan Officers Lending 370

Housing Wire

DECEMBER 30, 2022

Temporary rate buydowns that lower mortgage rates during the initial period will be products LOs will be pushing for, as well as diversification of mortgage products that include renovation products or construction loans. Instead, they’ll be seeking to renovate their homes.”.

Renovations 404

Renovations Realtors Construction Mortgage 404

PennyMac

JULY 21, 2021

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.

Renovations 36

Renovations Real Estate Investing Design 36

Cornerstone

MAY 4, 2021

Many more homebuyers are competing for available houses, and renovations might not be as necessary as they were to sell competitively just a few years ago. Taking the time (and spending the money) to renovate before selling might cause you to miss out on this chance. Love your loan as much as you love your new house.

Renovations 41

Renovations Home Improvement Loan Officers Real Estate Agent 41

Housing Wire

OCTOBER 15, 2020

With this acquisition, OJO Labs hopes to help homebuyers and homeowners navigate financial responsibilities like saving for a down payment, securing the right lender, building equity and saving for renovations. It also enables OJO Labs to continue to add value for agents and loan officers by equipping them to better engage with consumers.

Finance 263

Finance Renovations Loan Officers Agents 263

Housing Wire

MAY 3, 2022

” Prospective borrowers can talk to a licensed loan officer if they prefer during the approval process, however. In a traditional home equity product, the lender disburses a lump sum upfront to the borrower, who then pays the loan back in fixed-rate installments.

Renovations 393

Renovations Loan Officers Technology Mortgage 393

Housing Wire

JANUARY 6, 2023

Nearly every loan originator is fixated on going after the purchase mortgage market in 2023 following a brutal 2022 — a year in which even some of the top producers saw their origination volume drop to 20%. That is also the case for Chris Gallo, senior loan officer at NJ Lenders Corp. After dropping from $1.2

Business 404

Business Loan Officers Clients Inventory 404

Housing Wire

FEBRUARY 28, 2022

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. I had one home recently that needed major cosmetic renovations and it ended up get-ting multiple offers, so it is still super competitive here,” she said. Annapolis, Maryland.

Housing Market 393

Housing Market Marketing Buyers Agents 393

Housing Wire

NOVEMBER 10, 2023

High interest rates and the lack of housing inventory make home renovations and remodeling an attractive alternative for homeowners looking to upgrade their spaces. Additionally, Spanish-language educational content about home equity is lacking on lenders’ websites, making this another key opportunity for improvement.

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Lending Tools Inventory Renovations 441

East Coast Appraisal

SEPTEMBER 12, 2022

Additionally, if your loan is still relatively new, additional restrictions may apply. You may need to hit an even lower loan-to-value ratio for several years after signing. Before proceeding, check your loan terms or speak to your loan officer to learn the details of the agreement. When You Finish Renovations.

Appraisal 52

Appraisal Renovations Insurance Home Value 52

Housing Wire

JANUARY 31, 2023

. “I didn’t want to just jump for money,” Miller said, noting that some lenders with lower rates have complexities of putting together a loan — and transferring over existing clients’ loans is a different process for every company. Loan officers who were part of those branches were brought over, he said.

Mortgage 393

Mortgage Loan Officers Retail Finance 393

Housing Wire

FEBRUARY 10, 2022

If you’re a mortgage loan officer with a decade of experience in the industry, you have likely spent over 80 hours taking continuing education courses. There are rules in every facet of the mortgage business that loan officers and lenders must follow. LOs often lose focus during CE classes, he told HousingWire. “It

Loan Officers 382

Loan Officers Law Training Lending 382

Genworth MI Blog

FEBRUARY 29, 2024

This should include photos of any recent updates/renovations that were used as adjustments and applied to the sales where the sales comparison approach is presented as support for the opinion of value. And when analyzing the subject property, any photos used should support the appraiser’s description.

Appraisal 88

Appraisal Inspection Training Real Estate 88

Cleveland Appraisal Blog

DECEMBER 31, 2021

Even if you have no plans to do serious home renovations, there should be a few essential projects on your to-do list. Whether you’re an appraiser, a real estate agent, a loan officer, an underwriter, a home inspector, a title agent, or anyone else in the real estate profession, it’s been a very crazy year!

Real Estate 195

Real Estate Appraisal Real Estate Agent Buyers 195

Cornerstone

JUNE 8, 2021

Homeowners aren’t sure if they’ll need to renovate to receive a competitive offer. Since inventory is so tight, many more homebuyers are opting to take on renovation projects themselves so they can nab the home they have their eye on. . ” – Click here to find a Cornerstone loan officer near you.

Marketing 46

Marketing Sellers Renovations Loan Officers 46

Cornerstone

JULY 1, 2021

Click here to find a knowledgeable local loan officer who can help you sell fast. You, as the seller, have the unique chance to be more selective — about both the buyer you pick and whether you’d like to honor requests for contingencies, renovations, closing times, and more. Got questions? We’ve got answers.

Sellers 61

Sellers Buyers Real Estate Agent Inventory 61

Housing Wire

OCTOBER 20, 2023

Post decorating and renovation tips Since customization is commonplace among homeowners, posting decorating or renovation tips may be helpful to your audience. Take the time to educate your audience about common home renovations, and it can help or hurt them if they decide to sell their house in the future.

Real Estate 404

Real Estate Agents Real Estate Agent Clients 404

PennyMac

DECEMBER 22, 2020

Some homebuyers are intimidated by foreclosed and bank-owned homes because they often require more renovations — and a different type of negotiation — than other options on the market. Additionally, it's possible that the property has gone through non-permitted renovations. Step 6: Make an Offer.

Inspection 69

Inspection Real Estate Agent Real Estate Agents 69

Assurance Financial

DECEMBER 20, 2021

The cost of renovations or improvements the seller made to the house. If you sell first, you can take your time considering sales strategies and making any renovations or repairs. With a variety of loan types and competitive rates, we provide mortgage solutions for homebuyers at any stage of life. Mortgage principal payments.

Mortgage 74

Mortgage Sellers Buyers Finance 74

PennyMac

APRIL 18, 2022

Cash-Out Refinancing is a popular way to get cash for just about anything—renovations, the purchase of a second home, or other long-term investments for your future. If you are planning to buy, consider what renovations you need to make, in the near term and the future. Home equity also increases your borrowing power.

Landlords 36

Landlords Property Taxes HOA Insurance 36

Assurance Financial

DECEMBER 20, 2021

If you want to downsize because you’re looking for a different layout for your home or to have different amenities, consider whether it might make more sense to reorganize or renovate your current home. Many homeowners whose needs change often decide to take out a second mortgage to fund their renovations. Linked sources: [link].

Mortgage 69

Mortgage Renovations Buyers Investing 69

PennyMac

JUNE 28, 2022

From renovations to additions, projects that increase the value of your home also help contribute to your home equity. Contact a Pennymac loan officer to determine just what you should be doing with your home equity. Here are the projects and scenarios where HELOC funds are best used. Home improvement.

Home Improvement 36

Home Improvement Contracts Renovations Mortgage 36

Cleveland Appraisal Blog

MARCH 30, 2021

So many visitors have stopped by over the years, that they renovated the area to make it more visitor friendly, with better parking and a nicer observation area. Yesterday, the lender sent me some sales that the loan office obtained from the builder, that were supposed to support a higher opinion of value. It is free to visit.

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

Quicken Loans

JUNE 10, 2021

Loan officers will need any information you haven’t yet provided surrounding your debts, assets, credit and income. Once you’ve finished your application, your lender will provide you with a loan estimate. During the appraisal process, the home is evaluated against comparable properties in the area.

Mortgage 68

Mortgage Real Estate Agent Sellers Appraisal 68

Housing Wire

APRIL 25, 2022

In Spokane, Washington, a mortgage loan officer at a regional bank has seen five borrowers qualify for a mortgage for one amount, only to have that number slashed a few months later. Assessors rely on building permit records — and the homeowner’s self reporting — to stay abreast of renovations that raise the home’s value.

Property Taxes 404

Property Taxes Government Appraisal Valuation 404

PennyMac

SEPTEMBER 18, 2020

Contact a PennyMac Loan Officer to explore the refinancing options to fund security upgrades for your home. The views, information, or opinions expressed in this blog do not necessarily represent those of PennyMac Loan Services, LLC and its employees.

Tools 36

Tools Technology Decorating Loan Officers 36

PennyMac

SEPTEMBER 9, 2020

Certain cities offer financial incentives to buy or renovate homes in certain locations, often as a part of a redevelopment program. For more information about mortgages and your down payment options, call a PennyMac Loan Officer or begin your online application today.

Insurance 36

Insurance Buyers Mortgage Human Resources 36

Assurance Financial

MARCH 18, 2021

No matter whether you want to put a new roof on your home or build an addition, when you refinance, you can free up more cash that can be put toward these renovations. This will help you remember how much money you spent and when you performed the renovations. These improvements may also reduce your liability for capital gains tax.

Property Taxes 85

Property Taxes Renovations Home Improvement Mortgage 85

Raleigh Realty

APRIL 24, 2022

Looking Into Financial Options for Veterans Your informed team will also include loan officers. These are the people employed by loaning institutions — like banks, credit unions, and VA offices — who exist to facilitate the approval of loan applications. For example, the U.S.

Real Estate Agent 78

Real Estate Agent Real Estate Insurance Government 78

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.

Mortgage Appraisal 36

Mortgage Appraisal Appraisal Mortgage Appraisal Process 36

Realtor

DECEMBER 15, 2016

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. Below, we walk you through everything you need to know about the crucial appraisal process, and how to handle whatever appraisal results come your way.

Appraisal 78

Appraisal Real Estate Agent Real Estate Mortgage 78

Realtor

DECEMBER 15, 2016

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. Below, we walk you through everything you need to know about the crucial appraisal process, and how to handle whatever appraisal results come your way.

Appraisal 78

Appraisal Real Estate Agent Real Estate Mortgage 78

Cornerstone

AUGUST 17, 2021

These homeowners could potentially lower their monthly payment by hundreds of dollars or cash out on a substantial sum to be used for renovation, vacation, paying down debt, or starting a small business. Any of the homeowners above could see significant savings simply by refinancing at the current rate. For example:**.

Mortgage 44

Mortgage Renovations Loan Officers Home Value 44

PennyMac

JANUARY 16, 2022

That is, until your home renovation projects start to go down the toilet (or worse, the toilet starts falling through the floor). The rise of home renovation television shows has made many homeowners eager to transform rough diamonds into neighborhood jewels. So, you’ve finally found your dream vacation house. Buying a vacation home?

Investing 36

Investing Property Taxes Real Estate Renovations 36

PennyMac

AUGUST 10, 2022

FHA 203(k) Loan. Some lenders offer either standard or limited 203(k) loans, which allow borrowers to buy a home and make renovations under the same loan. There are specific stipulations, such as a minimum of $5,000 for renovations that will be complete within 6 months. FHA Loan Alternatives.

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Insurance Buyers Mortgage Renovations 36