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Founded in 1993 by Bill and Michael Giambrone, Platinum has 22 branches and 79 active loanofficers, according to the mortgage tech platform Modex. Planet, which originates loans through the correspondent and retail channels, plans to grow organically and via mergers and acquisitions.
Kitchen and bathroom updates are some of the first ideas that usually come to mind, but you can get great returns from making outdoor renovations and improvements. We talked to real estate and renovation experts to gather their tips and insights on renovation projects for your home’s exterior living space.
A house bought for $200,000, for example, may carry PMI fees until the loan is paid down to $160,000. Many agreements wait until the loan has reached 78 percent of the home'svalue to automatically cancel PMI. Additionally, if your loan is still relatively new, additional restrictions may apply.
To do a home appraisal, an appraiser considers these main criteria: location, structural condition, additions or renovations, and recent sales of comparable homes, or comparable sales. Real estate appraisers are merely there to give an unbiased opinion about the homevalue. What appraisers do.
To do a home appraisal, an appraiser considers these main criteria: location, structural condition, additions or renovations, and recent sales of comparable homes, or comparable sales. Real estate appraisers are merely there to give an unbiased opinion about the homevalue. What appraisers do.
Many potential homebuyers and investors overlook bank-owned properties, but for buyers who take the time to understand the REO process, these homes can be a significant opportunity. Note: An appraisal, which tries to estimate true homevalue, is different from a home inspection, which tries to take inventory of current and potential issues.
More than 38 percent of homes that are owner-occupied are owned outright, the U.S. Each time homevalues increase, homeowners receive a dollar-for-dollar equity gain. Home Equity Report shows: “34.4 Census confirms; these homeowners no longer have a mortgage.* ATTOM Data Solutions’ second-quarter 2021 U.S.
The reverse mortgage process typically begins with a borrower contacting a loanofficer who specializes in reverse mortgages. The loanofficer will assess the homeowner’s eligibility and explain the details of the loan, including the potential loan amount and repayment terms.
That is, until your homerenovation projects start to go down the toilet (or worse, the toilet starts falling through the floor). Buying a vacation home? The rise of homerenovation television shows has made many homeowners eager to transform rough diamonds into neighborhood jewels.
This is because FHA loans are designed to accommodate first-time homebuyers and people with low-to-moderate income levels. Property appreciation potential: If you are moving to an area where homevalues are appreciating, you may receive a lower PMI premium. Does PMI Go Away if HomeValue Increases?
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