Mary Kamelle

What is an appraisal? This is a common question that many borrowers ask because an appraisal can make or break the deal for their potential home. Lenders will use an appraisal to help determine a home's actual value based on its condition, location, and any other features it may have. It also helps ensure that the …

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The Department of Veterans Affairs announced they would raise appraisal fees and lengthen the time they will allow for the appraisal reports to be submitted to lenders as of  December 1, 2021. This announcement came about as demand for VA appraisals has risen substantially. Will this deter borrowers from seeking VA …

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The demand for housing in South Carolina is very high, but there aren’t too many homes available to buy. This is the reason for today’s incredibly competitive housing market. According to realtor.com, some homes are getting 20 to 30 offers on them, and they are selling for $50,000 to $100,000 over the asking price. It …

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Figuring out how Bitcoin and other Cryptocurrencies play a part in the mortgage industry What is Cryptocurrency? Cryptocurrency is becoming more popular than ever, but what is it? It is a type of currency that is not controlled by any one person or government. It is basically digital files with monetary value that …

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Mortgage rates are at historic lows, and housing inventory is even lower!! With fewer homes on the market and the most desired properties selling above the asking price, some homebuyers have decided to stay put and make the best of what they have. In 2020, we saw homeowners adding spaces for homeschooling, home …

Continue Reading about What is trending in home improvements for 2021

In a word, Yes, they are! While the mortgage and real estate industries have undergone many changes over the past year, they have proven to be among those that helped keep the economy moving forward. Housing inventory is low, so demand is way up, and mortgage rates have made homebuying super affordable for many. The …

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