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Last Update: May 5, 2022

Real Estate Appraisals

Real estate appraisal, property valuation or land valuation is the practice of developing an opinion of the value of real property, usually its Market Value. The need for appraisals arises from the heterogeneous nature of property as an investment class: no two properties are identical, and all properties differ from each other in their

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Real Estate Appraisals Archives

(9 days ago) Real Estate Appraisals 4 posts Most people are surprised to learn what appraisers actually look at when determining the value of a real estate property.Mortgage Evansville Indiana A common misconception homeowners generally have is that the value of their home is determined after the appraiser has completed their physical property inspection

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Mortgage Evansville Indiana What's Your Home's Value

(5 days ago) Since the appraisal provides half the weight in any credit decision involving the security of real estate, the appraisal should be done by a qualified, licensed appraiser whom is familiar with your neighborhood, and the type of home you are buying, selling or refinancing.

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Home Buying Process

(4 days ago) It comes in from all angles at this point, lenders, processors, insurance agents, sellers, real estate agents…. and the list can go on. Step 5 – Closing. A successful closing requires all of the team players to come together at the same time, with the same agenda, on the same date…. with numbers and figures that match.

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How Do Mortgage Companies Value A Property That Has …

(8 days ago) Real Estate Appraisals by Mortgage Masters | Published March 28, 2017 It’s obviously easier to picture the process of estimating value on an existing property in a neighborhood that has a history of home sales, but the task of determining the value on new construction projects does pose some challenges.

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What’s The Difference Between A

(8 days ago) To qualify as a second home, the property typically must be at least 50 miles from the primary residence, and it cannot appear that the real estate is being purchased for rental investment purposes. Investment Property – A property that is not occupied by the owner and is typically utilized for rental income purposes. Down Payment Requirements:

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Talk the Talk – Know the Mortgage Lingo at Closing

(2 days ago) Real Estate Terms; You may also like. Published March 28, 2017. Making Sure Your Cash-To-Close Comes From The Proper Source. Providing proper asset documentation and the actual source of the funds is a critical element of …

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Where Does My Earnest Money Go

(8 days ago) Hey, I gave my real estate agent a $5000 Earnest Money Deposit check… Where does that money go? A basic and very obvious question that most First-Time home Buyers ask once their purchase contract gets accepted.. According to Wikipedia:. Earnest Money – an earnest payment (sometimes called earnest money or simply earnest, or alternatively a good …

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Home Buying Process Archives

(6 days ago) While many experienced real estate agents have a general understanding of the mortgage approval process, there are a few important details that frequently get overlooked which may cause a purchase to be delayed or denied.Mortgage Rates Evansville Indiana New regulation, updated disclosures, appraisal guidelines, mortgage rate pricing premiums, credit score, […]

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Conventional Home Loans

(5 days ago) The process of securitizing mortgage loans and selling them on the secondary market allows banks to continue writing loans for real estate. For Example: If you were to go to your favorite lender and were approved for a mortgage loan of $250,000, they would have to provide the funds necessary to complete the transaction while receiving a payment

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Mortgage Closing Costs

(3 days ago) When a home owner hires a real estate agent to list, market and sell their property, they’re also (in most cases) agreeing to compensate the agent representing a buyer. A common myth is that a buyer will get a better price on a property if the seller doesn’t have to …

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Four Possible Reasons To Refinance

(2 days ago) A mortgage is generally the largest debt most homeowners have to manage. It’s a good idea to give your personal real estate finance portfolio a check-up at least once a year. Since there are many reasons a homeowner may choose to refinance, we’ll take a look at the four most common. 1. Mortgage Rates Drop: Typically, the […]

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Assembling Your Home Buying Team

(Just Now) Real Estate Agent – A Realtor® is a licensed agent that belongs to the National Association of Realtors®, which means they are pledged to a strict Code of Ethics and Standards of Practice. A few of the important roles your agent performs: Determine your home buying needs

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Mortgage Approval Process

(6 days ago) There are literally hundreds of moving parts with a real estate purchase transaction that can impact a final approval up until the last minute, and then after the fact in some unfortunate instances. With the borrower – credit scores, income, …

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Zero Down Payment Loans

(1 days ago) A zero-down-payment mortgage is a loan for a home purchase that requires no money down from the buyer. The borrower obtains a mortgage for 100 percent of the purchase price. Deeper definition It’s been difficult to find a lender that will offer a zero-down-payment mortgage since the real estate bubble burst in 2007.

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First-Time Home Buyer Archives

(3 days ago) While many experienced real estate agents have a general understanding of the mortgage approval process, there are a few important details that frequently get overlooked which may cause a purchase to be delayed or denied.Mortgage Rates Evansville Indiana New regulation, updated disclosures, appraisal guidelines, mortgage rate pricing premiums, credit score, […]

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Earnest Money Archives

(9 days ago) Hey, I gave my real estate agent a $5000 Earnest Money Deposit check… Where does that money go? A basic and very obvious question that most First-Time home Buyers ask once their purchase contract gets accepted. According to Wikipedia: Earnest Money – an earnest payment (sometimes called earnest money or […]

Category:  Real estate Go Now

Mortgage Closing Costs Archives

(9 days ago) Hey, I gave my real estate agent a $5000 Earnest Money Deposit check… Where does that money go? A basic and very obvious question that most First-Time home Buyers ask once their purchase contract gets accepted. According to Wikipedia: Earnest Money – an earnest payment (sometimes called earnest money or […]

Category:  Real estate Go Now

Mortgage Closing Process Archives

(1 days ago) Providing proper asset documentation and the actual source of the funds is a critical element of the loan closing process. There’s nothing worse in a real estate purchase than making it all the way through the hoops and hurdles just to have a loan denied after the final documents have […]

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FHA Mortgage Loans

(Just Now) The FHA’s mission driven organization encourages home ownership and provides affordable housing opportunities with low down payment and flexible credit requirements. Since 1934, the FHA has insured millions of home mortgages with a market share of 30% in 2010 vs 3% in 2007. In 2009, FHA programs insured nearly 2 million loans, which included 750,000 first-time […]

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Closing Costs Archives

(5 days ago) Providing proper asset documentation and the actual source of the funds is a critical element of the loan closing process. There’s nothing worse in a real estate purchase than making it all the way through the hoops and hurdles just to have a loan denied after the final documents have […]

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VA Mortgage Loans

(9 days ago) A VA (Veterans Administration) guaranteed home loan is the preferred loan program for active, non-active, Reserve, National Guard, and retired military of the armed forces because there is no down payment needed and no private monthly mortgage insurance required. A VA home loan can be used to purchase a home or refinance an […]

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Five Myths About Home Values

(6 days ago) A local real estate investment club used to tout buying a run-down, roach-infested property cheap, and after de-bugging and adding a fresh coat of paint and carpet – *presto* – the house would appraise like the new homes up the street.

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Refinance Process

(8 days ago) Refinancing a mortgage is the process of acquiring a new loan to pay off an existing lender. Refinance Articles / Resources: Four Possible Reasons to Refinance – A mortgage is generally the largest debt most homeowners have to manage, and it is a good idea to give your personal real estate finance portfolio a check-up […]

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Mortgage Rates Archives

(6 days ago) While many experienced real estate agents have a general understanding of the mortgage approval process, there are a few important details that frequently get overlooked which may cause a purchase to be delayed or denied.Mortgage Rates Evansville Indiana New regulation, updated disclosures, appraisal guidelines, mortgage rate pricing premiums

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Bridge Loan Financing

(9 days ago) It allows the user to meet current obligations by providing immediate cash flow. Bridge loans are short term, up to one year, have relatively high interest rates, and are usually backed by some form of collateral, such as real estate or inventory. Bridge loans can help homeowners purchase a new home while they wait for their current home to sell.

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First-Time Home Buyer Archives

(Just Now) Providing proper asset documentation and the actual source of the funds is a critical element of the loan closing process. There’s nothing worse in a real estate purchase than making it all the way through the hoops and hurdles just to have a loan denied after the final documents have […]

Category:  Real estate Go Now