Search results for “Appraisal”
11 Frequently Asked Home Appraisal Questions
The Home Appraisal Process You may be wondering, how is an appraisal and appraiser scheduled? While you as the borrower are typically responsible for paying the appraisal fee, the lender typically ord...
The government agency noted that when setting up a HELOC, homeowners typically have to pay an appraisal fee, application fee and potentially a percentage point of the credit limit up front. As with no...
Mutual Mortgage Insurance Fund Outperforms for Fourth Year in a Row
The Federal Housing Administration (FHA) said that its Mutual Mortgage Insurance Fund (MMI Fund) exceeded its congressionally mandated minimum reserves in FY2018 for the fourth year in a row. In its ...
How to Plan for Unexpected Expenses When Buying a Home
But no matter how much you plan for these massive price tags, it might be the little surprise expenses that hurt the most. They tend to catch many homebuyers off-guard and can add up to a significant ...
What Does the Letter State? A commitment letter specifies the type of mortgage being obtained, the amount of money being borrowed, the terms or length of the repayment period, and the mortgage interes...
Service Requirements for a VA Loan To find an in-depth explanation of the eligibility requirements for VA home loan programs, check out the U.S. Department of Veterans Affairs. You can find an abbrevi...
VA Jumbo Loan Limits Most lenders consider a loan to be a jumbo mortgage if the amount is above local conforming loan limits. Although VA loans don’t technically have limits on their amount, lenders e...
Guide to Government Home Loans in 2022
What is a Government Backed Mortgage? A government backed mortgage is a loan that is insured by the U.S. federal government. There are many different types, each with their own specific requirements a...
What to Know About Real Estate Investment Loans: Newrez SmartVest
How to Invest in Real Estate Do you aspire to be the landlord of multiple properties? Do you simply want to buy property now to sell for a profit later? Are you exploring an Airbnb possibility? (Did y...