Do you need a home appraisal to qualify for a HELOC or home equity loan? While you've been focused on everything else life throws at you, your property has been working behind the scenes. Most people ...
Lenders require appraisals for home equity loans and HELOCs to reduce the risk of default and ensure they can recover the loan amount if borrowers do not repay. Home ...
The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) this week announced a new policy enabling mortgage borrowers to “request a re-assessment of the ...
Mortgage Research Center. The average rate on a 15-year mortgage refinance is 5.29%. On a 20-year mortgage refinance, the ...
If you took out a mortgage in the last year or two, you might still be reeling from the closing costs you paid — and understandably hesitant to repeat the process even if mortgage rates have ...
Opinion
TBA, Appraisal, Reverse Mortgage Tools; STRATMOR on AI and Competition; Can the CFPB be Willed Away?
Under the category of careers that are, or will be, impacted, by artificial intelligence, attorneys are inevitably on it. Here’s a tale of a lawyer caught using AI while explaining to the Court why he ...
The issue of appraisal bias — where home valuations can come out differently based on individual traits of a homeowner, such as race or age — is top-of-mind for the federal government. A series of ...
No-appraisal home equity loans can be processed faster than those that require an in-person assessment. Unlock cash from within your home Unlock cash from within your home Online loan application ...
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