Housing Wire

JULY 14, 2022

Senior officials at the Department of Housing and Urban Development , which houses the FHA, said today during a press briefing that it would focus on improving financing for manufactured homes and revamp its renovation financing. Another area of focus for the administration is improving its financing for manufactured housing.

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Renovations Finance Insurance Transportation 324

Housing Wire

JUNE 9, 2022

Renovation financing startup RenoFi now offers a fixed-rate home renovation loan, which allows homeowners to borrow as much as 90% of their home’s after-renovation value — a move to target homeowners who don’t qualify for a home equity line of credit (HELOCs).

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Renovations Inspection Finance Insurance 290

Housing Wire

DECEMBER 21, 2023

Benefits can include: No down payment Competitive interest rates No private mortgage insurance (PMI) Limited or no closing costs Funding fee waived for service-connected disabled veterans More favorable credit criteria Loan types There are a number of VA loan options to meet the needs of today’s veteran buyers, including purchase and refinance.

Mortgage 461

Mortgage Renovations Appraisal Process Finance 461

Housing Wire

MAY 8, 2023

Once the transfer of ownership occurs at foreclosure auction, a distressed property can be renovated and returned to the retail market as affordable housing for homeowners or renters. “[I My renovated homes are] reducing the number of rental properties , which in our town has become a source of demise.”

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Inventory Renovations Supply Chain Buyers 401

Housing Wire

OCTOBER 23, 2024

UWM has debuted a new cash-out refi product without mortgage insurance. On Wednesday, UWM unveiled a new cash-out refinance product —dubbed Cash-Out 90—that allows borrowers to refinance with a loan-to-value ratio of up to 89.99% without requiring mortgage insurance (MI). Is the juice worth the squeeze?

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Insurance Mortgage Investors Renovations 421

Housing Wire

AUGUST 10, 2023

Meanwhile, innovation-driven transparency is helping to make distressed property auctions more accessible for these owner-occupant buyers as well as for local community developer buyers who, it turns out, sell most of their renovated foreclosures to owner-occupants. of all properties available for the first-look auctions during the quarter.

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Renovations Buyers Development Insurance 328

Housing Wire

FEBRUARY 16, 2022

Examine previous transactions with a lender, such as funding renovations on investment property, to better understand the lender’s experience with diverse real estate projects. If your state requires a lending license, make sure a the lender is licensed. How to Locate a Reputable Private Money Lender. Escrow officers and title agents.

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Real Estate Investing Investors Renovations 397

Housing Wire

NOVEMBER 30, 2023

The 203(k) Rehabilitation Mortgage Insurance Program helps borrowers purchase a home or refinance an existing mortgage and includes the cost of repairs or rehabilitation into one new mortgage. Also, in the limited program, the FHA proposes that consultant fees be included in the financed mortgage, as it is permissible in the standard version.

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Architecture Renovations Inspection Finance 438

Housing Wire

MARCH 28, 2022

Proprietary analytics and external data sources, backed by a microservice architecture that connects them all via APIs, can feed optimized recommendations and assessments for any part of the sale — valuation, tax, credit score, loan rating, insurance rating, title and closing costs.

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Real Estate Marketing Insurance Technology 379

Housing Wire

JUNE 21, 2022

Most financing to acquire a home in need of updating or repair is short-term and relatively expensive. That way the homebuyer can get a straightforward, relatively inexpensive 30-year mortgage to finance their purchase. The same holds true for the investors that are renovating homes and reselling them.

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Investors Renovations Inspection Government 418

Housing Wire

JULY 14, 2022

This narrative was once again repeated in the HousingWire article announcing the FHA first-look program: “Typically, FHA-insured foreclosed properties are snatched up by large investors and turned into rental properties.”. The role of renovators. Most of these reverted REOs are eventually sold via the Multiple Listing Service (MLS).

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Renovations Investors Retail Buyers 324

Housing Wire

OCTOBER 15, 2020

OJO Labs announced its first foray into fintech on Thursday with its acquisition of Digs, a personal finance platform. Digs is an FDIC-insured platform that helps consumers set and track savings goals, learn about the buying process, and understand credit.

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Finance Renovations Loan Officers Agents 174

Housing Wire

JANUARY 12, 2024

A proprietary reverse mortgage from Finance of America Companies (FOA) now secures the home of Rhode Island ’s honorary historian laureate after the property was returned to the owner after attempts to bequeath it to a nonprofit historical society he founded. This is according to reporting from The Providence Journal.

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Tools Mortgage Finance Lending 384

Housing Wire

APRIL 9, 2021

. “We’re giving them an offer to unlock their equity and move forward to make an offer on their next home,” Ryan Raveis, co-president of William Raveis Real Estate, Mortgage & Insurance (WRRE) , said in an interview with HousingWire.

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Brokerage Real Estate Insurance Clients 431

Housing Wire

MAY 12, 2021

Still, I’m encouraged to see companies using digital tools and platforms — or creating their own — to take little bites out of a gigantic industry, from streamlining financing and inspections, to centralizing communication, to optimizing budgets and reducing project delays. Creating transparency. Bringing more services under one roof.

Construction 482

Construction Logistics Technology Real Estate 482

Housing Wire

JANUARY 5, 2024

However, there could be some fluctuations in housing expenses due to changes in taxes or insurance. Lower interest rates can also make borrowing against home equity more attractive, allowing homeowners to access cash for renovations, debt consolidation or other financial goals.

Real Estate 456

Real Estate Agents Marketing Sellers 456

Cleveland Appraisal Blog

AUGUST 25, 2022

You’ve just purchased your first property to renovate. Keep in mind that investment homebuyers will be required to put down a minimum of 15% to secure financing, according to Lending Tree. Let the Renovations Begin! How can you capitalize on your first investment property? Determine How Much You Can Afford.

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Investing Renovations Landlords Real Estate 332

Appraisal Buzz

AUGUST 15, 2024

So, consider this your primer on home equity use cases: covering five of the most likely ways customers may want to use their equity: Reverse mortgage, cash-out refinancing, mortgage insurance removal, annual home equity check-up, and home equity products like HELOCs, and home equity loans.

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Loan Officers Clients Home Improvement Insurance 407

Housing Wire

MARCH 22, 2023

The program provides direct loans to Native American veterans and veterans who are married to Native American non-veterans to help with the purchase, construction or renovation of a home on trust land. The program is separate from the broader VA loan program that is available to all veterans.

Mortgage 382

Mortgage Renovations Insurance Construction 382

Housing Wire

JULY 25, 2023

Homeowners and renters may not have felt the full impact of climate-related disasters since, oftentimes, they do not end up directly paying for renovations or repairs necessitated by an adverse climate event, Fairweather said. Recently, prominent insurance companies have exited some of these areas.

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Housing Market Insurance Marketing Renovations 296

Housing Wire

MARCH 26, 2024

The risky operating environment has been marked by volatile, high interest rates (with 30-year fixed rates now hovering around 7%), high financing costs and moderating rental rates as an influx of multifamily rental properties continues to come online across the country. In 2023, the landscape for home flipping across the U.S.

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Investors Marketing Inventory Real Estate 459

Housing Wire

FEBRUARY 24, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors in all things related to mortgage, insurance, moving, renovating and new home transitioning.

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Real Estate Agent Real Estate Agents Loan Officers 273

Housing Wire

JULY 8, 2024

An historic home in Chicago ’s Austin neighborhood designed by architect Frank Lloyd Wright in 1903 is in serious need of repairs and renovations, but an existing reverse mortgage loan is complicating the process of initiating the work.

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Mortgage Design Architecture Market Value 320

Appraisal Buzz

OCTOBER 23, 2024

This buyer’s viewpoint was in line with 55% of buyers who said that greater acquisition costs (finance or pricing) made them less inclined to purchase at auction. Out of the six market factors that were shown to survey participants, that was the greatest proportion.

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Retail Marketing Inventory Development 370

Realtor

FEBRUARY 11, 2021

If not, you should first spend some time shoring up your finances. Qualifying for financing is a critical part of the home-buying journey. When considering the overall cost of homeownership, the price of insurance and property taxes will vary based on community and location,” Ross says. How important is the freedom to renovate?

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Property Taxes Inspection Landlords Renovations 218

Cleveland Appraisal Blog

FEBRUARY 24, 2022

Decide what you are looking for in your new home, how much space you will want, what renovations you are willing to make, needs relating to your business activities, and more. Your first step should be to write up a plan for your business that will help guide you as you figure out things like finances, marketing, and administrative tasks.

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Business Appraisal Real Estate Legal 243

The Robert Weiler Company

JUNE 17, 2022

Better and Easier Financing Options. The latter can be a lot cheaper but the amount of renovations required might end up costing you more in the long-run. Consider additional costs, such as insurance and mortgage. Pros and Cons of Buying Apartment Buildings. Pros of Investing in an Apartment Building. Reliable Cash Flow.

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Property Management Renovations Real Estate Investing 147

Realtor

APRIL 14, 2021

” The changes in everyday life due to the pandemic have placed a greater emphasis on the value of a home, says Rick Rudman , CEO at Curbio, a home renovation technology company. . “The best time to buy is when it makes sense in your life.” Prepare for bidding wars ahead of time.

Mortgage 159

Mortgage Real Estate Agent Real Estate Buyers 159

Lamacchia Realty

SEPTEMBER 14, 2021

Sometimes it pays to refinance and renovate. FHA Rehabilitation Loans allow the homebuyer or homeowner to finance the purchase or refinance along with the renovation of a home through a single mortgage. Properties that are granted FHA Rehab Loans are typically not up-to-date and require renovation to modernize the home.

Renovations 68

Renovations Modernization Buyers Finance 68

The Robert Weiler Company

APRIL 15, 2022

Indemnity and Insurance. And the landlord pays for all operating expenses, such as maintenance, property taxes, and insurance. property taxes, insurance, building maintenance, utilities, janitorial services, and property management fees). Taxes and Assessments. Compliance with Laws. Maintenance and Repairs. Damage to Premises.

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Tenants Landlords Property Taxes Real Estate 144

Assurance Financial

APRIL 18, 2022

After your purchase, you can renovate the property to make it suit your tastes and fit your needs. Depending on the extent and cost of your home improvement goals, you might need to take out a loan for renovations. A home renovation loan is most likely not going to be the same as your mortgage. Why Remodel Your Home?

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Renovations Construction Home Improvement Mortgage 74

Assurance Financial

NOVEMBER 9, 2021

Before signing the final papers, there are many factors to consider and scenarios to prepare for to secure your home financing solution. In some cases, you may have to take out several loans or pay for something called private mortgage insurance (PMI). What Is Mortgage Insurance on a Home Loan? What Is PMI?

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Insurance Mortgage Home Value Finance 41

Eppraisal

OCTOBER 13, 2023

These may include property taxes, insurance, maintenance and repairs, property management fees, and any homeowner association (HOA) dues. This includes the down payment, closing costs, and any renovation or improvement expenses. Assessing Financing Options The way you finance an investment property can impact its profitability.

Investing 69

Investing Property Taxes HOA Real Estate 69

Realvals

JUNE 18, 2023

This helps them determine the loan-to-value ratio and assess the risk associated with financing the property. It’s not uncommon for property owners, insurance companies, or tax authorities to have contrasting opinions on the value of a property. One other use case when it comes to remodeling is for financing.

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Appraisal Property Taxes Real Estate Market Value 145

Assurance Financial

JULY 20, 2023

Fortunately, 100% financing options are available for home loans that may allow you to purchase a home with no money down. If you are looking for a home loan with 100% financing, meaning a home loan that doesn’t require a down payment, we cover what you need to know. What Is a 100% Financing Home Loan?

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Finance Government Design Insurance 36

Raleigh Realty

MARCH 29, 2021

Consider Property Taxes When you pay for your home, you'll need to pay other fees like property taxes and insurance. Help comes in the form of rental vouchers and mortgage insurance. You'll need to do some renovations. You'll need to purchase mortgage insurance to go with your loan, too. Are You a Good Neighbor Next Door?

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Government Real Estate Agent Insurance Property Taxes 148

Assurance Financial

SEPTEMBER 28, 2021

The rules for loans and financing for new home construction aren’t exactly the same as they are for buying homes that already stand. How Do You Get Financing for a New Construction? The loan will finance the construction, and payment is due when the project is complete. You likely have some questions.

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Construction Finance Insurance Government 36