Inland Empire Direct Mortgage Lender | FHA VA USDA HARP 2 Home Loans » Appraisal

Seven Things Your Agent Should Know About Your Mortgage Approval

Brad Yzermans — Thu, 01 Apr 2010 17:59:03 +0000

While many experienced real estate agents have a general understanding of the mortgage approval process, there are a few important details that frequently get overlooked which may cause a purchase to be delayed or denied. New regulation, updated disclosures, appraisal guidelines, mortgage rate pricing premiums, credit score, secondary approval layering, rescission deadlines, property type, HOA [...]

Four Possible Reasons To Refinance

Brad Yzermans — Thu, 01 Apr 2010 05:30:01 +0000

A mortgage is generally the largest debt most homeowners have to manage. It’s a good idea to give your personal real estate finance portfolio a check-up at least once a year. Since there are many reasons a homeowner may choose to refinance, we’ll take a look at the four most common. 1. Mortgage Rates Drop: Typically, the [...]

What Do Appraisers Look For When Determining A Property's Value?

Brad Yzermans — Mon, 29 Mar 2010 06:19:41 +0000

Most people are surprised to learn what appraisers actually look at when determining the value of a real estate property. A common misconception homeowners generally have is that the value of their home is determined after the appraiser has completed their physical property inspection. However, the appraiser actually already has a good idea of the [...]

Understanding the Difference Between an Appraisal vs Neighborhood Listing Prices

Brad Yzermans — Sun, 28 Mar 2010 18:47:14 +0000

Why is there such a difference between what my appraised value is and the price similar homes are selling for on my street? It’s a great question, and you don’t have to be a mortgage professional or a real estate agent to understand the answer. The distinction lies in the purpose of the two valuations [...]

Five Myths About Home Values

Brad Yzermans — Sun, 28 Mar 2010 18:09:33 +0000

A few years ago, when home values were just going up, most homeowners did not question appraisals much. It was the best of times. Over the past two and a half years, home sellers and even listing agents quite often question and pick apart appraisals. It was the worst of times. A Tale of Two [...]

How Do Mortgage Companies Value A Property That Has Not Been Built Yet?

Brad Yzermans — Sun, 28 Mar 2010 18:07:32 +0000

It’s obviously easier to picture the process of estimating value on an existing property in a neighborhood that has a history of home sales, but the task of determining the value on new construction projects does pose some challenges. Appraisals on homes that haven’t been built yet generally require the contractor and home buyer to [...]

Assembling Your Home Buying Team – Knowing The Players

Brad Yzermans — Sun, 28 Mar 2010 17:56:34 +0000

Buying a new home is literally a team sport since there are so many tasks, important timelines, documents and responsibilities that all need special care and attention. Besides working with a professional team that you trust, it’s important that the individual players have the ability to effectively communicate and execute on important decisions together as [...]

Important Factors To Consider When Getting Financing On A Foreclosure, Short Sale or New Construction

Brad Yzermans — Sun, 28 Mar 2010 17:54:44 +0000

Short sales, foreclosures and new construction homes all have caveats that need to be considered when pursuing financing. If the guidelines and potential pitfalls are not properly understood, you could face delays in closing or potentially even a denied loan. Short Sales & Foreclosures - Short sales and foreclosures are everywhere. They often represent great [...]