Housing Wire

DECEMBER 6, 2024

Evergreen topics might include: how to prepare to list your house, everything your client needs to know about VA loans; or which home improvements yield the best financial return in a home sale. Its the best place to find average mortgage rates. Its good practice to update your evergreen content from time to time.

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Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. rebranded as Rithm Capital ).

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Cleveland Appraisal Blog

OCTOBER 29, 2021

Once we know how much the home costs to replace, we can extract a percentage of how much the home improvement has depreciated. Let’s say that in this example, the home that sold for $500,000 has a replacement cost of $425,000. If that is the case, the home’s improvements have depreciated approx.

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Cleveland Appraisal Blog

APRIL 29, 2021

And that can certainly translate into increases in value. I also have some new podcasts in the works for my show at Home Value Stories. I just aired one on home staging this week. After all, home improvements are all about good vibrations. I am working on new posts of my own. So, stayed tuned.

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PennyMac

JANUARY 2, 2024

Equity is the difference between your home's current market value and the amount you owe on your mortgage. A home upgrade that doesn’t fully pay for itself dollar-for-dollar in terms of increased home value may still boost your home’s overall market value, thereby increasing your equity.

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PennyMac

NOVEMBER 21, 2024

Home equity is the difference between the current value of your home and the amount you still owe on your mortgage. Home equity represents both what you've paid into your loan and any increase in your home's value. You could also say you have 10% equity in your home.

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D Fritz Appraisals

OCTOBER 11, 2022

Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer. They are also used to assess the value of the home for home improvement loans and insurance evaluations. What is a Home Appraisal and Why is it Important?

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Eppraisal

OCTOBER 31, 2023

   Property Valuation Your home value is the primary determiner of your asking price. Unless you’re desperate to sell and willing to accept less than what you still owe on your mortgage, price your house based on what these sources say it should be worth.

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Eppraisal

SEPTEMBER 17, 2024

One option that has gained popularity is the reverse mortgage, a financial product that allows older homeowners to tap into their home equity. But the question remains: Are reverse mortgages advisable? For some, a reverse mortgage can be a lifeline; for others, it may not be the best option. What Is a Reverse Mortgage?

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Eppraisal

FEBRUARY 6, 2024

Let's explore the various tax advantages of owning a home compared to renting, shedding light on why investing in homeownership can be a savvy financial move. Mortgage Interest Deduction One of the most significant tax advantages of owning a home is the ability to deduct mortgage interest from your taxable income.

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Lamacchia Realty

AUGUST 17, 2021

Your lender will set a borrowing limit for an agreed-upon period of time, similar to a credit card but in the case of a home equity loan, the lender will give a lump sum and the homeowner will make a payment every month until the loan is paid off. The Pros & Cons of Home Equity Line of Credit for Home Renovations.

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Zillow

JUNE 15, 2018

Home equity is the percentage of your home's value that you own, and it's key to building wealth through homeownership. Let's take a closer look at how to build home equity without blowing your budget - and how to access it when you need it. From 2016 to the first quarter of 2018, most first-time home buyers in the U.S.

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Assurance Financial

APRIL 29, 2021

There’s another benefit to homeownership, and that’s the chance to build equity in your home. If you live in the house for long enough and make enough payments on the mortgage, at some point, your property will be worth more than you paid for it. Another way that a home acts as an investment is through equity.

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PennyMac

OCTOBER 10, 2023

Appraisals are an essential part of the home financing process, ensuring the homebuyer, seller and mortgage lender each have an impartial, consistent and accurate assessment of the value of the property under consideration. The lender is responsible for ensuring that your home provides adequate collateral for the mortgage.

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Appraisal Real Estate Agent Renovations Home Value 69

AmeriMac

MARCH 29, 2024

Reverse mortgages are becoming an increasingly popular financial tool for homeowners over the age of 62 who want to access equity in their homes. One important aspect of the reverse mortgage process is the appraisal, which determines the value of the property and plays a crucial role in determining the size of the loan.

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Chicagoland Appraisal Blog

JANUARY 21, 2020

Building home equity is one of the many financial benefits to homeownership, but sometimes it’s hard to know where to start. Increasing your property value through renovations or home additions, and paying off your mortgage, seem like the most straightforward ways to build equity.

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PennyMac

JANUARY 13, 2025

Buying a home with a mortgage may come with a monthly payment, but it also gives you the chance to build equity. Equity is a financial resource you can tap into for various needs, including home renovations, debt consolidation or education funding, to name a few. How can you convert valuable home equity into usable cash?

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Home Improvement Renovations Home Value Mortgage 36

Zillow

JUNE 29, 2018

Look at a home equity loan as an investment - not as extra cash when making spending decisions. DO: Make home improvements. The safest use of home equity funds is for home improvements that will add to the home's value. a new roof), then a home equity loan might make sense.

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Eppraisal

FEBRUARY 21, 2023

The good news is that home values have also gone up. A Home Equity Line of Credit (HELOC) is one of the ways to use the equity in your home to gain access to money for other expenses. A HELOC is a line of credit you may be able to take based on the equity in your home. A HELOC is secured by the equity in your home.

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Appraisal Partners Blog

FEBRUARY 4, 2020

Building home equity is one of the many financial benefits to homeownership, but sometimes it’s hard to know where to start. Increasing your property value through renovations or home additions, and paying off your mortgage, seem like the most straightforward ways to build equity.

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Appraisal Real Estate Home Value Real Estate Agent 60

PennyMac

NOVEMBER 27, 2023

In addition to giving you a sense of pride and a connection to your community, homeownership provides tangible benefits that can improve your financial well-being. Building Equity Over Time As you make mortgage payments, you build equity in your home. But don’t treat a cash-out refinance or home equity loan like an ATM.

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Clear Capital

APRIL 1, 2024

In this post, we will review the three primary home equity services lenders can offer customers to access their equity, and how lenders can quickly and efficiently identify customers that would benefit from and be eligible for home equity loans using AVMs. What is home equity lending?

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PennyMac

AUGUST 14, 2024

Cons: Potential for Dual Mortgages: If your current home doesn’t sell quickly, you might end up juggling two mortgages, along with other costs like utilities, taxes, homeowners association (HOA) fees and insurance. No Double Mortgages: Avoid the financial strain of covering two mortgages at once.

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PennyMac

JANUARY 3, 2024

A VA loan is a mortgage loan guaranteed by the United States Department of Veterans Affairs. Not Just For First-Time Homebuyers While you can use a VA loan for your first home, you can take advantage of the VA loan benefit again if you sell or refinance. Look for homes. Meet with a real estate agent and begin looking for homes.

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PennyMac

SEPTEMBER 6, 2023

Save money on home improvements When you sell your house more traditionally, you want to get the most money from your sale by fixing up your home. You may also be required to make repairs to meet certain state standards in order to sell your home. Invest some money and time to fix and update your home.

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Renovations Inspection Sellers Buyers 36

Assurance Financial

OCTOBER 27, 2023

One significant advantage is that you can build equity as you pay off your mortgage over time. You can leverage home equity to access cash for major purchases, alternative debt repayment, retirement plans or home renovations. You can also use it to obtain funds via a second mortgage like a home equity line of credit , or HELOC.

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Renovations Mortgage Appraisal Housing Market 36

PennyMac

JANUARY 16, 2022

The rise of home renovation television shows has made many homeowners eager to transform rough diamonds into neighborhood jewels. Couple this with the improved job market and an upswing in home values, and you have a tidal wave of homeowners willing to invest in fixer-upper dwellings.

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Will Springer Realtor

DECEMBER 8, 2021

GREATER BUYING POWER Buyers who are struggling to purchase a home in this frenzied housing market will receive a bit of a lifeline in 2022. The federal guarantors of most consumer mortgages have agreed to raise the borrowing limits on 30-year conforming loans. 1, to $891,250 in King, Pierce and Snohomish counties. SCAM ALERT.

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Appraisal Buzz

NOVEMBER 18, 2024

New home construction rates and sales of existing homes are both growing, signaling good news for residential improvement and repairs next year. Plus, stronger gains in home values (and thus home equity levels) should boost both discretionary and “need-to-do” replacement projects for owners staying in place.

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Appraisal Buzz

JANUARY 13, 2025

As 2025 dawns, the housing market and mortgage industry brace for a year of change. With a new incoming administration under President Donald Trump, the industry is preparing for how his shifting policies and priorities will impact everything from mortgage rates and affordability to the conservatorship of the GSEs.

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