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Opinion: Investors play key role in providing affordable housing options

Housing Wire

Selling a home typically involves nearly 10% in transaction fees between real estate agents , title companies, inspections, and other expenses. Instead, we prefer a “certified” pre-owned car that has gone through a multi-point inspection with all of the preventative maintenance up to date. Jeff Ball is CEO of Viseo Lending.

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What’s My Home Shopping Budget with an FHA Loan? How to Figure it Out

HomeLight

You’re getting ready to start shopping for a house, and you’re pretty certain you want to go with an FHA loan. The Federal Housing Administration backs loans with less strict credit requirements and low down payment options to help families become homeowners. How much house can you afford if you’re getting an FHA loan?

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When borrowers ‘ghost’ their servicers

Housing Wire

Goldstone, who is president of Capital Markets & Lending at BSI Financial Services , estimates that between 20% to 25% of borrowers in BSI’s servicing portfolio have been non-communicative, he told HousingWire. For example, with Federal Housing Administration ( FHA ) loans, 1.5 An army of door-knockers.

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How to Buy a Multifamily Property in 10 Steps

The Close

For example, you can get a Federal Housing Administration (FHA) loan and pay a smaller down payment if you purchase a triplex where you plan to live. On the other hand, if you’re purchasing a property that needs renovations, consider taking a hard money loan.

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Understanding the Closing Costs Associated With a New Home Purchase

RIS Media

Loan origination fee, loan discount, appraisal fee, credit report, lender’s inspection fee, mortgage broker fee, tax service fee, flood certification fee, flood monitoring, etc. May vary widely between lenders and are not dependent on the cost of the loan. Here’s how you can explain it to your buyers: 1.

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What Is the Role of a Mortgage Underwriter

Realty Biz

A real estate underwriter plays a critical role in the mortgage industry by evaluating loan applications and assessing real estate investment-associated risks. They work for lending institutions, such as banks and mortgage companies. Property inspections involve examining the investment’s physical condition.

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Are HUD Homes a Good Deal? How to Tell If the Properties Are a Fit

HomeLight

The mortgage insurance protects lenders in case the buyer defaults on the loan, allowing those lenders to serve more borrowers. Buyers with lower credit scores or lower down payments can sometimes get an FHA loan even if they can’t get approved for a conventional loan. of the purchase price.