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Finance of America now offers renovation loans

Housing Wire

announced today the launch of Finance of America Home Improvement , a new business division offering non-mortgage financing options, including renovation loans. Meanwhile, we make it easier to secure quick financing approvals so the contractor or vendor gets the customer approved, the deal closed, and they can move on to the next project.”.

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Regions Bank places $1B bet on home renovation market

Housing Wire

Regions’ acquisition of EnerBank from CMS is expected to close in the fourth quarter of 2021. Per a study from Harvard University’s Joint Center for Housing Studies, renovation financing is expected to increase 3.3% Bank of America followed closely with 17,056 home improvement loans worth $2.39 in 2021 to $433 billion.

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To Renovate or Not To Renovate Before You Sell

Keeping Current Matters

However, with so many buyers competing for available homes right now, renovations may not be as vital as they would be in a more normal market. Spending costly time and money on renovations before you sell might just mean you’ll miss your key window of opportunity. Millennials closely follow Gen Z, taking on an average of 3.3

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Reverse mortgage originator: real estate CE helps close more purchase loans

Housing Wire

I closed 28 H4P transactions last year, over 1% of the national total. Over the years I ended up teaching classes on renovation loans, mortgage insurance, mortgage mechanics, etc.,” The post Reverse mortgage originator: real estate CE helps close more purchase loans appeared first on HousingWire.

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How to Use Virtual Renovation to Renovate a Home

Realty Biz

In recent years, virtual renovation has emerged as a groundbreaking tool that allows homeowners, designers, and contractors to visualize and plan home renovation projects in a virtual space. Benefits of Virtual Renovation Cost-Efficiency : Reduces the risk of costly mistakes. Steps to Virtual Renovation 1.

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Finance of America to go public before IPO window closes

Housing Wire

Two weeks ago, the firm launched a home improvement vertical with the $45 million acquisition of Renovate America ‘s Benji business line. The post Finance of America to go public before IPO window closes appeared first on HousingWire.

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Increasing Listing Value Through Guided Presale Renovations

GeekEstate

Today’s showcase: Revive] The benefits of flipping your own home are attractive to homeowners, but many lack the knowledge, guidance, and access to capital to make the right renovations. They’re paid after the home sale closes with no fees, markups, or additional costs to homeowners. Learn More PS: Part of the 2022 REACH Class.