In this blog, we will discuss and cover walking away after a home inspection. A home inspection on a home purchase is normally done by homebuyers before the home appraisal. Home inspections are not required by mortgage lenders. However, it is highly recommended for homebuyers to get a home inspection done. There are instances when […]
In this article, we will discuss and cover FHA appraisals versus conventional appraisal guidelines. There are several important factors between FHA appraisals versus conventional appraisal guidelines. All home buyers who need financing on a home purchase will need a home appraisal required by their lenders. Lenders rely on the home appraisal to secure the mortgage […]
In this article, we will cover and discuss appraisal review by underwriter during the mortgage process. When mortgage borrowers apply for a residential mortgage loan, a home appraisal is required and is part of the mortgage loan process. There are no upfront fees to apply for a mortgage loan with the exception of the appraisal cost. How The […]
In this blog, we will discuss and cover appraisal issues during the home buying and mortgage process. The word “appraisal” can be an ugly word when things don’t go right. All lenders require a home appraisal on borrowers purchasing and/or refinancing a home. The home appraisal is the report lenders rely on as the collateral […]
In this blog, we will cover and discuss appraisal transfer policy from one lender to another when a borrower is changing mortgage lenders. As you know we do not have any LENDER OVERLAYS at Gustan Cho Associates. Meaning we can help more borrowers than most lenders. Over 75% of our borrowers at Gustan Cho Associates […]
In this blog, we will discuss and cover FHA appraisals versus home inspectors for homebuyers. There are differences between FHA Appraisals Versus Home Inspections. Home appraisals are mandatory and required by all lenders. However, home inspections are not mandatory. It is up to the home buyer whether or not they want to spend the money on […]
In this blog, we will discuss and cover the FHA appraisal transfer from your old lender to a new mortgage lender. FHA loans are the most popular loan program in the United States. The United States Department of Housing and Urban Development (HUD) is the parent of the Federal Housing Administration (FHA). HUD permits FHA […]
This Article Is About Solutions And Tips In Buying Home With Low Appraisal Home values have gone up since the 2008 real estate and credit meltdown. The real estate market is strong and does not seem like it will relapse. Mortgage rates have been the lowest since the 2008 real estate meltdown and the housing […]
There are cases where lenders will require two property appraisals on a subject property.
This Article Covers Low Home Appraisal Solutions for Home Buyers and Sellers. A home appraisal is the most important document for the lender. It protects the lender. It is documentation showing what the property is worth. In this article, we will cover the following important bullet points on a home appraisal: Home appraisal in the […]
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