How to prepare for an FHA appraisal Mortgage lenders require an appraisal of each home they extend financing for. This is to ensure they aren’t lending too much money for a place that isn’t worth it. An appraisal also comes into play if you’re a candidate for an FHA loan. If you plan to buy […]
Reverse Mortgage 2nd Appraisal
Reverse Mortgage 2nd Appraisal Recently FHA / HUD has another Reverse Mortgage caveat. Now all appraisals will be previewed prior to final approval and approximately 20% will have a 2nd appraisal ordered to make sure the 1st wasnt overinflated. I found a great story this morning explaining how this will work. Tips to Addressing The New […]
Questions to ask
Questions to ask. Reverse mortgage loans are complex and have many requirements. When you apply for a reverse mortgage loan — and even before you apply — there are a lot of questions to ask. Here is a guide to some of the most important questions besides the ones you’ll ask about interest rates and […]
