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What it’s like originating reverse mortgages in Montana

Housing Wire

The state of Montana may not be a key source of business for the reverse mortgage industry, but that doesn’t negate the reality that seniors who reside there might find the product useful for reaching some kind of financial goal. He joined the mortgage industry in 1990 and transitioned to the reverse channel in 2002.

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Opinion: Title insurance is vital to protecting the American dream

Housing Wire

During this same time, our industry helped consumers take advantage of low interest rates to refinance mortgages. Their hard work kept a major part of the economy running during a challenging time when purchasing a home meant more than ever.

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Buyer agency: a crucial historical shift in real estate

Housing Wire

Moreover, the absence of a buyer’s agent leaves the buyer to navigate the intricate process of drafting offers, negotiating repairs and other terms, as well as understanding legal intricacies such as mineral or water rights, easements, and even the transfer of livestock on agricultural properties to name just a few.

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Home Appraisals – What Do They Look For?

D Fritz Appraisals

Financial institutes or mortgage lenders will require an appraisal to ensure the home is worth the amount of money being requested in the loan or mortgage. Mortgage financing and refinancing. Any existing easements or zoning issues. Renovation loan assessments. Lot: Size and topography of the lot. Vehicular access.

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Pre-Appraisal Checklist for Homeowners

D Fritz Appraisals

If you want to refinance, sell, or buy, the appraisal provides mortgage lenders with straight facts so they can underwrite loans based on the purchase price or the appraisal (whichever is lower.) Any easements or encroachments – any part of the property should be accounted for to get the most accurate estimate of the land value.

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11 Land Buying Tips: How to Buy Land

Raleigh Realty

Getting a loan to buy land, or a land loan is not as simple of a process as getting a mortgage for a house. It will help you learn if there are any easements or restrictions on the land that you need to know about. The second, a construction to permanent loan converts your loan to a mortgage after construction is complete.

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3 Things You Should Know About Preliminary Title Reports

Zillow

It documents ownership, vesting, and detail regarding anything recorded against the home, such as liens, encroachments, or easements. Mortgage liens Mortgage liens are generally listed directly below property taxes, and they're always ordered first, second, and third. Easements.