Appraisal Buzz

OCTOBER 1, 2024

The death toll currently stands at 140-plus from Hurricane Helene, and CoreLogic announced initial residential and commercial storm surge and wind loss estimates for Hurricane Helene for insured residential and commercial properties in Florida and Georgia are expected to be between $3 and $5 billion.

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Appraisal Buzz

NOVEMBER 13, 2024

“Technology has enabled homeowners to live more sustainably and more affordably, which is a growing priority for prospective buyers,” said Amanda Pendleton, a Home Trends Expert at Zillow. Energy-efficient and climate-resilient home features are quickly gaining popularity as homeowners look to keep costs down, including insurance costs.

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Housing Wire

NOVEMBER 4, 2024

Once negotiations were settled and my mortgage was accepted, the final step was to obtain title insurance. Now that I have successfully closed, the fun part begins — fun, that is, if you like packing and unpacking boxes and home improvement projects. If you’re in the area, feel free to stop by with a paintbrush!

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Housing Wire

APRIL 10, 2024

Last July, the company sold its title insurance business to Essent Group , followed by strategic changes in September including a transition of its offshore-based operations to a team in the Philippines and the sale of “certain operations” of its home improvement lending business to Aqua Finance.

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Business Investors Finance Home Improvement 448

Housing Wire

JUNE 1, 2022

Mortgage Insurers. Enact Mortgage Insurance. Finance of America Home Improvement. Senior Director, Mortgage Servicing Policy. Freddie Mac. Brad Jones. Chief Marketing Officer. Brendan Kihn. Senior Director of Government and Industry Relations. Chad Osterhout. VP, Correspondent Lending. United Wholesale Mortgage.

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Architecture Realty Insurance Lending 397

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. Youll want some evergreen content you can pull from for your real estate newsletters.

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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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Housing Wire

FEBRUARY 14, 2024

Late fees and commissions on optional insurance can also increase revenue. This relationship can then be leveraged to offer the borrower additional services like asset protection, insurance products, home improvement loans and maintenance options, thereby increasing revenue and ensuring a positive customer experience.

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Housing Wire

FEBRUARY 14, 2023

Originators are using them to help lower-income borrowers get into homes. There is still evidence that higher LTV loans with Private Mortgage Insurance are attractive to buyers who don’t have much money saved up for a down payment. Ancillary income, such as late fees and commissions on optional insurance, further increases the profits.

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Housing Wire

APRIL 24, 2023

The program helped a generation of Americans purchase their first home, however, due to a government policy known as “red-lining,” banks were effectively prohibited from issuing FHA-insured loans in neighborhoods that were predominantly Black or Hispanic. GDP, roughly $3 trillion.

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Lamacchia Realty

SEPTEMBER 5, 2024

THE NEW HOME BUYERS’ HOME INSURANCE CHECKLIST Buying your first home can be both an exciting and a daunting experience. As with most big purchases, choosing to work with an insurance company can protect you from financial hardship, but how do you choose the right coverage? What is Homeowners Insurance?

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Insurance Buyers Housing Inspector Realty 74

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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Housing Wire

AUGUST 25, 2022

The company’s executives in August said they expect that the home improvement product, launched in May 2021 , will break even financially later this summer, becoming a “very effective customer acquisition channel at essentially zero cost,” according to Graham Fleming, president and interim CEO.

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Appraisal Hub

NOVEMBER 30, 2023

Advantageous for Home Improvements and Insurance: Knowing the value of your home can guide you in making effective home improvements. Additionally, insurance companies often require appraisals to determine coverage amounts.

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Eppraisal

NOVEMBER 22, 2024

Digital documentation, such as photos, videos, and moisture reading data, creates a detailed record that can be shared transparently with homeowners and insurance companies. Analyzing results across many past jobs helps water repair crews to continuously improve and refine their methods over time for better outcomes.

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Technology Tools Insurance Home Improvement 36

Will Springer Realtor

NOVEMBER 29, 2022

How do you know if your home has enough insurance coverage? About six in 10 homeowners are insufficiently insured, according to CoreLogic, a property data research firm. That’s roughly 51M homeowners currently underinsured, and CoreLogic estimates homes are insured at about 73% of the actual property value.

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Empire Appraisal Group

OCTOBER 17, 2024

Before you start your next project, consider these tips to help you avoid costly home renovation mistakes. Not reviewing homeowners’ insurance coverage It’s important to determine how much homeowners insurance you need for your unique circumstance. Avoid choosing the cheapest option if it’s not the best choice for the job.

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Assurance Financial

MARCH 18, 2021

Refinancing could potentially lower your monthly payments , allow you to consolidate debt, speed up the payoff process for your mortgage, eliminate your private mortgage insurance (PMI) and put more cash in your pocket. If you have equity in your home, you may be able to leverage it through a refinance. Make a Capital Home Improvement.

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Birmingham Appraisal

MAY 1, 2024

Home Renovations and Appraisal Value As an appraiser, I get asked about how much value will be added for different types of home projects or renovations. If the improvements do not appeal to the the majority of buyers this could negatively affect the marketability and bottom-line appraisal value.

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Assurance Financial

AUGUST 9, 2021

People can use the loans to buy, build or rehab a qualifying home. Home Improvement Loans and Grants. The USDA loan program also includes loans and grants that help homeowners modernize, improve or repair their homes and grants that help older homeowners pay to remove safety and health hazards from their homes.

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PennyMac

SEPTEMBER 2, 2024

Some of a Loan Processor’s responsibilities include: Collecting proof of employment, assets, debt, income and homeowners insurance Your Loan Processor’s primary job is to verify the information you’ve provided on your mortgage application. Home improvements and upgrades are also considered.

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Mortgage Insurance Real Estate Agent Appraisal 63

Will Springer Realtor

SEPTEMBER 19, 2023

Unexpected flooding caused major problems for Mabél Guzmán, a real estate broker in Chicago: “I moved into a townhouse that was not even near a flood zone and didn’t require flood insurance,” she says. “I Property owners outside of high-risk flood areas file more than 20% of all claims with the National Flood Insurance Program.

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Lamacchia Realty

JULY 24, 2023

Additionally, the state is no stranger to hurricanes, and it’s crucial to be prepared and have a plan, along with home insurance , in the event of severe weather. Reviewing your insurance coverage and understanding the options available for retirees is important.

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Eppraisal

APRIL 9, 2024

Keep in mind this doesn't necessarily mean you’re liable, especially if the contractor has the relevant insurance. It wouldn't hurt to improve your security measures and enjoy some peace of mind. It Can Be a Stressful Endeavor Major home improvements can be physically and emotionally demanding.

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Empire Appraisal Group

DECEMBER 28, 2022

If you’re building an ADU primarily for the extra income, recognize that any rent you charge could be at least partially offset by increased costs, such as higher property taxes , larger homeowners insurance premiums and payments on loans used to construct the unit, among other expenses.

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Appraisal Today

NOVEMBER 8, 2024

Fairway would also be required to provide $7 million for a loan subsidy program to offer affordable home purchase, refinance, and home improvement loans in majority-Black neighborhoods. If entered by the court, the settlement announced today would require Fairway to pay a $1.9

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Assurance Financial

APRIL 29, 2021

If your equity is $50,000, your home equity loan can be up to $42,500. Some people use the loan to cover the cost of a home improvement project, while others use the loan to help pay for their children’s college education. If you can afford a 20% down payment, your equity in the home would be $50,000 from the beginning.

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Mortgage Insurance Home Value Loan Officers 74

Lamacchia Realty

MARCH 22, 2024

Experts from promoversmiami.com note that when moving into a new home, installing fiberglass doors should be the first home improvement you do. Having solid doors is essential to protecting your home and family. It also is important to consider purchasing flood insurance adding another layer of protection to your home.

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Design Home Improvement Realty Insurance 73

Eppraisal

SEPTEMBER 17, 2024

The most common type of reverse mortgage is a Home Equity Conversion Mortgage (HECM), which is insured by the Federal Housing Administration (FHA). The Cons of Reverse Mortgages High Fees and Costs : Reverse mortgages can come with significant upfront costs, including origination fees, closing costs, and mortgage insurance premiums.

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Mortgage Property Taxes Insurance Home Value 36

Assurance Financial

APRIL 18, 2022

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. Learn more about loan options for remodeling your home to see which one will work for you. Refinance Loan.

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Renovations Construction Home Improvement Mortgage 74

Assurance Financial

JULY 27, 2021

Most mortgages require you to make monthly payments of principal, interest and other fees, such as private mortgage insurance (PMI). When you have a mortgage, the home acts as collateral. If you stop making payments and don’t work something out with the lender, they can foreclose on the home. Conventional Non-Conforming.

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Mortgage Government Construction Insurance 69

Will Springer Realtor

NOVEMBER 2, 2021

Washington – resting atop the Cascadian Subduction Zone – has the second-highest earthquake risk in the nation, but a 2017 survey says only 14% of Washington households west of the Cascades have earthquake insurance, each with about $500,000 worth of coverage. Government and insurance officials in the U.S.

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PennyMac

SEPTEMBER 12, 2024

Calculate a down payment amount you can comfortably make for your new home (and be sure to factor in closing costs). Budget for mortgage insurance if you are putting less than 20% down. Buy a home with as little as 3% down. Avoid mortgage insurance with a 20% down payment. Get a tax deduction for home improvement costs.

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Buyers Finance Home Improvement Renovations 36

PennyMac

NOVEMBER 27, 2023

.* Strategies to Unlock Your Home’s Financial Potential Understanding the different ways you can take advantage of your home can help you unlock its full financial potential and move you closer to your goals. Home Equity Loans Having home equity can be a safeguard for managing large expenses.

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Market Value Tenants Renovations Insurance 36

PennyMac

JANUARY 3, 2024

No monthly mortgage insurance premiums. Purchase a home and start building equity without the extra expense of monthly mortgage insurance. Does not apply to taxes, insurance or pre-paid interest. Use the funds for any purpose, such as paying off debt, funding education or making home improvements.

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Insurance Real Estate Agent Finance Renovations 36

Zillow

JANUARY 19, 2018

The complexities of Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) benefits leave many people wondering not only if they can buy a home, but if buying a home will, in turn, affect their benefits in the future.

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Development Home Improvement Insurance 36

Hank Miller Team

JULY 12, 2023

Working at home became "a thing" and people spent a lot more time in and around their homes. Many leveraged those low rates and refinanced, taking money out and completing home improvements. Why move now? Why give up that sweet mortgage rate? mortgaged homeowners have a rate below 6, 82.4 have a rate below 5.

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Housing Market Marketing Buyers Sellers 40