The following list outlines the minimum qualifications needed for the Great Choice Plus Program:
Most borrowers stay in their mortgage for 5 to 7 years. ARMs allow borrowers to pay down principal faster.A fantastic way to increase equity and drop PMI quicker.
ARMS CAN SAVE YOU MONEY
In the past, most ARMs featured heavy prepayment penalties. Now they don't.Today's ARMs are amortized over the full term of the loan, so your borrowers will never be faced with a balloon payment.ARMs also have readily identifiable caps, limiting the amount their rate can adjust.
Recently the CFPB published updated versions of the TILA RESPA Integrated Small Entity Compliance Guide and the Guide to the LE and CD Forms. This update clarified that ALL seller charges are required to be disclosed on page 2 of the consumers closing disclosure, regardless of whether a separate CD is provided to the property seller.In order to comply and avoid delays in issuing the initial Borrower CD, you should obtain a seller CD as well from your attorney or title company unless the attorney or title company would prefer to list all seller charges in Section H of the buyer CD that would work as well.
Recently the CFPB published updated versions of the TILA RESPA Integrated Small Entity Compliance Guide and the Guide to the LE and CD Forms. This update clarified that ALL seller charges are required to be disclosed on page 2 of the consumers closing disclosure, regardless of whether a separate CD is provided to the property seller.
In order to comply and avoid delays in issuing the initial Borrower CD, you should obtain a seller CD as well from your attorney or title company unless the attorney or title company would prefer to list all seller charges in Section H of the buyer CD that would work as well.
It turns out homebuyers are really into barn doors.
When Zillow looked at design features that sell homes at the best price and with the shortest listing time, that feature topped the list.
Anything craftsman-style, like rectangular farmhouse sinks, also got homes off the market at a premium.
Zillow Digs screened over 2 million listings for homes sold between January 2014 and March 2016 and looked for the keywords that had the best effect on how much more than the expected price and how much faster they sold.
Here are the top 15 design features:1. Outdoor Kitchen
Percent of homes that sell for above expected values: 3.7%
How many days faster than expected the home sells: 192. Tankless Water Heater
Percent of homes that sell for above expected values: 4%
How many days faster than expected the home sells: 433. BacksplashPercent of homes that sell for above expected values: 4.1%
How many days faster than expected the home sells: 46
Percent of homes that sell for above expected values: 4.1%
How many days faster than expected the home sells: 38
Percent of homes that sell for above expected values: 4.2%
How many days faster than expected the home sells: 42
Percent of homes that sell for above expected values: 4.3%
How many days faster than expected the home sells: 28
Percent of homes that sell for above expected values: 4.6%
How many days faster than expected the home sells: 48
Percent of homes that sell for above expected values: 4.9%
How many days faster than expected the home sells: 36
Percent of homes that sell for above expected values: 5.4%
How many days faster than expected the home sells: 14
Percent of homes that sell for above expected values: 6.0%
How many days faster than expected the home sells: 50
Percent of homes that sell for above expected values: 6.9%
How many days faster than expected the home sells: 63
Percent of homes that sell for above expected values: 7.9%
How many days faster than expected the home sells: 58
Percent of homes that sell for above expected values: 9.6%
How many days faster than expected the home sells: 45
Percent of homes that sell for above expected values: 13.4%
How many days faster than expected the home sells: 57
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