The Mortgage Buddy would like to welcome back Keith Pentz of RE/MAX Advantage 1 in Worcester, MA for second and final installment of his article “Your Offer is Accepted! So Now What???”. For those who didn’t get a change to read part one please make sure you do. Keith utilizes his background and experience as both a mortgage originator and Realtor to pave a path of success for today’s prospective homebuyers. Read more…
Posts Tagged: Appraisal
Maximize your Home’s Appraisal Value with Curb Appeal
HVCC stands for the Home Valuation Code of Conduct. Along with the Appraisal Independence guidelines it has helped curve the outside influence of lenders, applicants, and real estate agents on appraisal values. Gone are the days of local mortgage brokers contacting appraisers and lobbying for Read more…
Why Appraisers Ignore Mortgage Brokers
You are finally ready to buy a new home or perhaps you are looking to refinance your current one to pay off some old credit card debt or go on that vacation to Nantucket you have been thinking about. You sat down with your loan officer and agreed on specific terms based on an estimated home value that maybe you found online or based off of your “tax assessed” value. Up to now you have been the ideal client Read more…
How to Do I Read My Home Appraisal Report
How to Understand your Appraisal
A home purchase is the largest, single investment most people will ever make. Whether it’s a primary residence, a vacation home or an investment property, the purchase of real property is a complex financial transaction that requires multiple parties. Most of the people involved are very familiar. The Realtor is the most common face of the transaction. The mortgage company provides the financial capital necessary to fund the transaction. The attorney ensures that all aspects of the transaction are completed and that a clear title passes from the seller to the buyer. So who makes sure the value of the property is in line with the amount being paid? Read more…