Tag Archives: appraisal
12 FebHVCC on FHA Loans
It’s official…FHA is adopting the same basic premise as the HVCC ruling on Conventional Mortgages. We posted on May 1, 2009 about HVCC on Conventional loans which stated: Up until now the loan officer had the control to select an appraiser they felt had the best ability to appraise the house that would be used [...]
Read More ...01 MayHome Valuation Code of Conduct – Conventional Mortgages
Modifications to the way in which lenders and appraisers work together go into effect today, May 1, 2009. According to the Federal Housing Finance Agency (FHFA) the changes to the Home Valuation Code of Conduct “will help assure that borrowers, homebuyers and secondary mortgage market investors receive fair and independent property valuations”. So What Has [...]
Read More ...06 NovSuccessful Qualifying – The Three C’s
The question of what it takes to qualify for the best terms and interest rate on a mortgage comes up quite often in my discussions with potential home buyers. There are three factors lenders consider and you should consider too if you want the best possible terms for mortgage financing: Credit, Capacity and Collateral. Credit: [...]
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