Calculating the net benefit of refinancing can be a challenging task if you do not understand what to calculate. We are going to focus on the net benefits of refinancing from the standpoint of lowering your interest rate.
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Why is there such a difference between what my appraised value is and the price similar homes are selling for on my street?
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Providing proper asset documentation and the actual source of the funds is a critical element of the loan closing process.
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Many borrowers go through the closing process in a haze, nodding, smiling, and signing through a bunch of noise that sounds like Greek.
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the actual appraisal process has changed very little over the course of the housing boom and bust cycle American homeowners witnessed between 2001 – 2009
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Appraisals on homes that haven’t been built yet generally require the contractor and home buyer to supply more documentation in order to get a more accurate estimate of the property’s value.
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A Home Owner Association (HOA) can have a huge impact on your life when you buy a home in a PUD (Planned Unit Development) or Condominium Project.
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You now have ten (10) days from when you signed the purchase and sales agreement to have a home inspection.
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Outside of the borrower’s control, the mortgage rate marketplace is a dynamic, volatile living and breathing animal.
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