With mortgage rates amazingly low right now, it’s no surprise that many homeowners are looking to refinance to a mortgage with a lower rate. One of the most important factors regarding your ability to refinance is your home appraisal. Knowing how home appraisals work may be the key to understanding how the value of your home is calculated. Here is a quick recap of the appraisal process.
ABCs of Home Appraisals
by Jonathan Slappey on April 16, 2012 in Home Buying, Home Sales, Homeowners Tips, Smart Shopper
Your Home Appraisal: What You Need To Know
by Amber Hunt on October 20, 2011 in Economic Analysis, Homeowners Tips, Mortgage Rates, Refinance Mortgage
Find out more about your home appraisal and how it factors into your ability to get a home loan.
Investment Properties: Frequently Asked Questions About What to Expect
by Victoria Araj on June 24, 2011 in Home Buying
If you’re a novice investment property owner, you likely have questions. If you’ve done it before, it doesn’t hurt to review the basics and sharpen your property-owner skills. We address your Frequently Asked Questions.
Hope for Homeowners – will it stop foreclosures?
by Clayton Closson on October 24, 2008 in Market Update
Is Hope for Homeowners really a ray of hope or just another loan program that doesn't make sense for anyone?
Declining Market Rule Confusing to Many
by Clayton Closson on May 22, 2008 in Home Buying
Fannie Mae announced it’s ending a policy that requires more down payment, or a higher loan-to-value ratio (LTV) for home loans made in declining housing markets. But, this could mean more confusion when talking about PMI. Quicken Loans offers its analysis.
Paying Your Taxes and Insurance Through Escrow
by Clayton Closson on March 2, 2007 in Homeowners Tips
Your monthly mortgage payment may include taxes and insurance which can be made through an escrow account. But what is escrow and how does it work?
Coming Up with a Down Payment for a New House
by Clayton Closson on October 27, 2006 in Home Buying
Think you need to save a ton of cash for a down payment on a new house? Think again. Lenders will accept smaller down payments that come from a number of sources. Find out what sources are acceptable.
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