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But this year, as rates have crested 6%, about 70% of Neat’s originations are adjustable-rate mortgages, a product that until recently had fallen out of favor due to the role they played in the housing crash of 2008 and a decade-plus of fixed-rate mortgages under 5%. . It’s not a bad thing for borrowers, lenders, and loan investors.
Right now on our Appraisal Blog, we’re all about helping LoanOfficers. This post is part five of a 12-part series we’re calling The LoanOfficer’s Guide to Appraisals. The post The LoanOfficer’s Guide to Appraisals Part 5: What is bracketing and why do we do it? So if this is […].
For the past six months, I’ve been blogging with the purpose of assisting loanofficers to better understand the appraisal process. So far, we’ve covered final inspections, lending on unique homes, communication with the appraiser, reconsiderations of value, bracketing and FHA appraisals. And, you’ll definitely […].
Right now on our Appraisal Blog, we’re all about helping LoanOfficers. This post is part six of a 12-part series we’re calling The LoanOfficer’s Guide to Appraisals. The post The LoanOfficer’s Guide to Appraisals Part 6: How are FHA Appraisals Different From Others? We’re halfway there!
But digging into five mainstream myths about today’s housingmarket can provide you with more clarity. Along with busting these myths, it’s important to work with a skilled, local loanofficer every step of the way, who can help you separate fact from fiction. Talk about convenient. Now you know the truth.
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