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How the upcoming tax season will be different for servicers

Housing Wire

Estimates suggest a late fall release of bills with taxes due 30 days later – right in the middle of the busy tax season. Thanks to home price appreciation, the tax assessments will be higher than normal this year, and that means the agencies will have to calculate those changes, which could cause more delays.

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From Appraisal to Freedom: How a PMI Removal Appraisal Can Save You Thousands

Premier Home Appraisal Blog

My home appraisal saved me money! Are you tired of paying for private mortgage insurance (PMI) every month? Private mortgage insurance, or PMI, is a type of insurance that lenders require borrowers to purchase when they put down less than 20% on their home. monthly, for PMI. monthly, for PMI.

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How to Remove PMI

Town & Country Residential Appraisals

PMI, private mortgage insurance, is required to be used when a homebuyer uses a conventional loan and the down payment is less than 20%. There are different rules for FHA and VA loans, so we will only be addressing mortgage insurance for conventional loans in this article. What is PMI? So, how can you get rid of the PMI?

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Should You Refinance Your FHA to a Conventional Loan?

PennyMac

Like many American homeowners, your first mortgage may have been a loan with the Federal Housing Administration (FHA). Loans backed by the FHA are attractive to first-time homebuyers because FHA loans are easier to obtain financing for and require only minimal down payments and fair-to-good credit scores.

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What Happens to My Mortgage If I Move?

Assurance Financial

There are many factors to consider when selling a home, and you may be wondering what happens to your mortgage when you move. After all, the 2018 American Community Survey found that the median length of time homeowners stayed in their homes was 13 years, a shorter length of time than most mortgage terms.

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Can I Take Out a Loan to Remodel My Home?

Assurance Financial

A home renovation loan is most likely not going to be the same as your mortgage. If the project’s estimated cost is high, you might need years to save up enough to cover it. Look at your income and current housing costs and calculate whether there’s any wiggle room in there to add on an additional monthly expense.

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Mortgage Pre-Approval: What Is It? Why Do I Need It?

PennyMac

Enter perhaps the most important item on your homebuying preparation list: the mortgage pre-approval. Pre-Qualification means that you’ve spoken to a lender, given them some basic information on your financial situation, and obtained an estimate of how much you may be qualified to borrow. Here’s my verified pre-approval letter.”.