Appraisals
How Much Does a Home Appraisal Cost?
How much does a home appraisal cost? Find out the types of home appraisals and how much they cost. Learn what factors can increase the price of a home appraisal before closing on a home.
The post How Much Does a Home Appraisal Cost? appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.
FHFA Extends Forbearance Periods an Extra Three Months
Posted To: MND NewsWire
Most of the accommodations that have been allowed lenders and borrowers by the Federal Housing Finance Agency (FHFA) due to the COVID-19 pandemic were modified or extended this past week. FHFA, the regulator and conservator of the GSEs Fannie Mae and Freddie Mac, extended eligibility for mortgage forbearance by three months. Forbearance allows homeowners who are financially impacted by the pandemic, to temporarily reduce or forego mortgage payments. It has been available for three-month terms with extensions available up to a total of 12 months. Existing plans would begin reaching that deadline at the end of March but FHFA has now authorized an additional three-month term , a total of 15 months. An estimated 2.7 million homeowners are in active plans. The COVID-19 Payment Deferral allows forborne…(read more)
IT Jobs; VOE, CRM, Non-QM Products; Conventional Conforming News; CPI: No Inflation Worries
Posted To: Pipeline Press
Here we are in the seemingly 58 th week of 2020. What’s new? The podcast of today’s commentary features thoughts from the Millennial host on how lenders can address that market, and it can be heard via Apple , Spotify , or Google : subscribe and download. In terms of news, the FHFA extended forbearance protection past March. (More below on that.) And rating agency Moody’s view is that the CFPB’s recent changes to the QM rules would “allow lenders to qualify more types of loans as QM, resulting in a non-QM market with loans of lower credit quality, since most of today’s higher-quality non-QM loans would qualify as QM under the new rules, making future non-QM more synonymous with non-prime… the rule, if implemented could incentivize some lenders to price riskier loans…(read more)
Average closing costs in 2021 and how to keep yours low
Complete guide to mortgage and refinance closing costs, including average closing costs and a full list of what’s included in your fees.
Everything You Need to Know About Employer Relocation Packages
Moving for work? Make sure you know exactly how much help you can expect from your employer.
The 7 Best Ways to Finance Your Home Improvements
If your projects around the house are becoming more urgent, there are several ways to come up with the money.
What Is a Home Appraisal and How Does It Work?
There are tons of different tasks you have to complete during the home buying process, but not all of them are as important as the home appraisal. This requirement is crucial for your loan processing and your wallet â and the outcome can either positively or negatively affect your home purchase. A home appraisal impacts […]
The post What Is a Home Appraisal and How Does It Work? appeared first on The Simple Dollar.
Closing on a House Checklist: 6 Things Home Buyers Must Do Before They Move In
Welcome to your Closing on a House Checklistâa rundown of everything you need in that 11th hour right before the house is yours!Â
The post Closing on a House Checklist: 6 Things Home Buyers Must Do Before They Move In appeared first on Real Estate News & Insights | realtor.com®.
How to close on a mortgage during the COVID-19 pandemic
It might seem harder to close on a mortgage during the COVID-19 pandemic. But new rules have made parts of the closing process easier than ever.