Expected slowdown in remodeling is good news for mortgage business

Expected slowdown in remodeling is good news for mortgage business

People on the move: Jan. 4 People on the Move: Jan. 22. Recent hires and promotions at area businesses. Post to Facebook Cancel Send. Sent! A link has been sent to your friend’s email address. Posted! A link has been posted.

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 · The remodeling and additions cost more than $200,000, all put on the credit card, aka, the new mortgage. The Accountant household had a serious debt now. The good news is that I had no other debt and a net worth approaching eight figures. Our home appraised at $400,000 and change.

If you go this route, though, expect to pay for private mortgage insurance (PMI).. Mortgagers are lending you more money up front and, therefore, stand to. The good news is you won't pay PMI for the entire duration of a conventional loan.. either due to market conditions or because you've remodeled it,

This slow speed may be in part due to the holiday season and rising home prices. Luckily, as spring approaches and mortgage rates continue to decline, we’re finally seeing things pick up a little. decreased mortgage rates should also upset the increased housing price, making both buyers and sellers happy.

Bayview purchasing Pingora loan servicing platform Home prices in 20 U.S. cities increase by most since 2014 annaly capital management, Inc. (NYSE:NLY) ("Annaly") and Bayview Asset Management, LLC ("Bayview") today jointly announced that Bayview had entered into an interest purchase agreement to acquire Pingora Holdings, L.P. ("Pingora"), a Delaware limited partnership and wholly-owned indirect.

Wage growth amongst consumers has been slow in the aggregate. professional and business services, as well as the uppermost echelons of the financial services sector. Meanwhile, the BIS reports good.

Or maybe a buy-and-rehab loan for your next flip or rental renovation project?. Sometimes you just need a quick loan to buy a new property and renovate it!. While Visio Lending only offers landlord loans, Lending One offers great fix 'n flip options.. Expect a down payment of at least 10%, and often in the 20-25% range.

Good/Bad Housing Markets In 2014 May Be a Surprise In the long term, the distressed home situation is a good thing. baltimore real estate investing infuses the market with funds. Housing stock is essentially growing, which is good for the entire economy. The baltimore housing market has about 3,553 homes for sale and another 7,697 homes that recently sold.

"Home sales are set to tread water over the next couple of years, which is good news for the rental sector," the Capital Economics economists Matthew Pointon and Andrew Burrell wrote in a recent.

LAS VEGAS – A new state law allowing Nevada to test out a limited marijuana banking system is expected to bring some relief to the state’s booming cannabis industry where dispensaries and other businesses are forced to deal in cash.

Every one of us with an interest in the mortgage business, whether it be a vested financial interest or otherwise, has to be wondering what the future of the industry is going to look like.

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