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House passes bill to modernize VA appraisals

Housing Wire

Department of Veterans Affairs mortgage loans. With the passage of HR 7735, known as the “Improving access to the VA home loan benefit Act of 2022,” the VA is now permitting desktop appraisals and in some circumstances, waiving appraisals altogether. A companion bill in the Senate, introduced by Sen.

HR 488
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Are these factors creating chaos in your mortgage lending ops?

Housing Wire

Few other industries must deal with the level of complexity of home finance. For example, a loan processor may use a modern LOS to order a flood certification, title report, AUS decision or data verifications, but once the order has been placed, what if the data doesn’t arrive? Challenge 2: Shrinking margins.

Lending 339
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#297: Ask Paula – Should I Househack or Pay Off My Student Loans?

Afford Anything

George is torn between paying down his student loan debt (which he deferred) or buying a househack. She also wants to investigate whether a Vanguard Institutional 500 Index Trust and a Vanguard Institutional Total Bond Market Index Trust are ideal. I’m torn between paying down my student loan debt versus buying a househack.

Loans 67
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Looking to Buy in Philly or Pittsburgh? Consider Down Payment Assistance in Pennsylvania!

HomeLight

With some loans requiring as little as 3% down, the initial down payment on the average home could be around $16,300. However, In the current housing market where sellers are often receiving multiple offers on a home, larger down payments can make an offer more competitive, not to mention keep the monthly payment lower.

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Despite headwinds, these mortgage companies are hiring

Housing Wire

Purchase-focused lenders that didn’t balloon in size to capture refinancing business during the boom, in particular, are looking to hire loan officers. WesBanco Bank , the second-largest bank headquartered in West Virginia, plans to hire at about a dozen loan originators in 20 major markets this year.

Mortgages 442
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#285: Ask Paula – How Can I Pay for Grad School?

Afford Anything

She isn’t sure if she should keep her savings in the market. However, in the PSA episode about building an emergency fund , you advised us not to put money in the market if we want to access it in less than 15 years. Hailey asks (at 20:12 minutes) : I purchased a duplex using a hard money loan back in March. (It

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#344: Ask Paula: I’m Bored at Work, and I’m 14 Years from Retirement; Should I Tough It Out?

Afford Anything

I have about $81,000 invested across all of my accounts and $41,000 in student loans, which are currently in forbearance due to Covid. Gusto makes payroll, benefits, and HR easy for modern small businesses. There are no manual trades, picking stocks, or watching the stock market every day with Wealthfront. Wealthfront.

HR 57