Search results for “Appraisal”


11 Frequently Asked Home Appraisal Questions
January 20, 2022

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...


What does a HELOC entail?
January 27, 2021

What does a HELOC entail?

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...


November 26, 2018

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
August 30, 2019

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 is a Commitment Letter?
May 13, 2021

What is a Commitment Letter?

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...


The 2022 Guide to the VA Loan
January 10, 2022

The 2022 Guide to the VA Loan

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...


What is a VA Jumbo Loan?
November 15, 2021

What is a VA Jumbo Loan?

Requirements for a VA Jumbo Loan VA jumbo loans require standard property and appraisal requirements. Additionally, the home must be a primary residence and it must pass basic inspections including fo...


Guide to Government Home Loans in 2022
April 7, 2022

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
April 19, 2022

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...