Remove Lending Remove Market Value Remove Renovations
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Better.com reports 400% growth for HELOC business

Housing Wire

“For a consumer who wants to do a home renovation , a consumer who wants to consolidate debts, or a consumer who wants to take cash out to pay for tuition for their kids, our product serves all of those use cases.” ” How is it so fast? ” Recent data from ATTOM revealed that 47.7% in Q3 2024, it was still up from 46.1%

Business 292
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HELOCs are now “raging back”

Housing Wire

Mortgage lenders are now considering adding home-equity lending to their portfolios as they look for growth in a declining refinance market and seek opportunities to cross-sell to their existing customer base by tapping into historic amounts of home equity,” said Joe Mellman, senior vice president and mortgage business leader at TransUnion.

Lending 459
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How reverse mortgages could improve financial stability for older homeowners

Housing Wire

Also, an independent appraisal during the loan process locks in the property’s market value at the time the reverse mortgage loan is funded. HW: How does Reverse Mortgage Funding help lending professionals educate themselves and their clients on the benefits of reverse mortgages in our current housing market?

Mortgage 418
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The Housing Market Has Become Like the Pymatuning Spillway

Cleveland Appraisal Blog

So many visitors have stopped by over the years, that they renovated the area to make it more visitor friendly, with better parking and a nicer observation area. Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price.

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Navigating the Appraisal Process – What You Need to Know

Simonson Real Estate

The appraiser’s role is to provide arm’s length, third-party, neutral, and impartial opinions about the value of real property and provide assistance to those who own, manage, sell, invest in, or lend money on real estate. Value Scenarios. What is Market Value As Is and When is it Used? Prospective Values.

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3 Reasons Why an Appraisal Comes in Low

Boston Appraisal

The home had been recently renovated and was in great condition. That accepted purchase price becomes the “market value” of the property. An appraisal measures that value range within the report. The lender hired the appraiser as an independent third-party to provide a non-bias estimate of value. The Case File.

Appraisal 148
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Helping Lenders Navigate the Commercial Real Estate Appraisal Process

Simonson Real Estate

In 2022, Simonson Appraisals completed a steady stream of financing assignments with planned new construction or significant proposed renovations. On several occasions, we were presented information about construction or renovation plans well after the initial assignment was started. Clarify What Value or Values are Needed.