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. This is a welcomed law for many current and incoming residents, as home prices continue to rise in some regions.

Transportation 61

Transportation Legal Law Insurance 61

Eppraisal

SEPTEMBER 17, 2024

Instead, the loan balance—including interest and fees—grows over time and becomes due when the homeowner moves, sells the property, or passes away. The most common type of reverse mortgage is a Home Equity Conversion Mortgage (HECM), which is insured by the Federal Housing Administration (FHA).

Mortgage 36

Mortgage Property Taxes Insurance Home Value 36

PennyMac

APRIL 18, 2022

Mortgage interest and property taxes may be tax deductible. Property taxes and HOA fees are the buyer’s responsibility. Buyer has full control over home improvements and upgrades. Homes frequently increase in value over the life of a mortgage. Rental insurance is inexpensive.

Landlords 36

Landlords Property Taxes HOA Insurance 36

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. Plan for Additional Expenses: Budget for closing costs, moving expenses and any immediate home improvements.

Real Estate Agent 47

Real Estate Agent HOA Finance Real Estate 47

AmeriMac

APRIL 15, 2024

The appraisal value is used by the lender to determine the loan-to-value ratio (LTV), which is the ratio of the loan amount to the appraised value of the home. The LTV ratio has a direct impact on the terms of the mortgage, including the interest rate and the need for private mortgage insurance (PMI).

Appraisal 36

Appraisal Appraisal Process Real Estate Renovations 36

D Fritz Appraisals

MARCH 16, 2022

Let’s take a look at investment property appraisals because it doesn’t look like our gold rush of a real estate market is slowing down anytime soon. Perhaps your family has outgrown your home and are thinking of moving but would like to keep your current place of residence. Finally, you’ll need to speak to your insurance company.

Appraisal 78

Appraisal Insurance Investing Property Taxes 78

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?

Appraisal 107

Appraisal Inspection Property Taxes Easement 107

PennyMac

JANUARY 16, 2022

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. In 2018, homeowners reported an average of $7,560 or more on major home improvements , up 17% over the previous year.

Investing 36

Investing Property Taxes Real Estate Renovations 36

Appraisal Buzz

JANUARY 13, 2025

Add to that price increases for other necessities and saving for a home would need to be put on the back burner for many households. This shock has been more significant in markets where insurance costs have surged. Higher property taxes and insurance costs will further reduce affordability.

Construction 418

Construction Supply Chain Government Housing Market 418