Finance Principal Renovation 
Housing Wire
APRIL 21, 2025
Amid inflation worries, political turmoil and ripple effects from new federal spending cuts , Americans are growing increasingly pessimistic about the economy, housing market and their personal finances, according to a new consumer sentiment survey. director of research and a managing principal at John Burns. Only 34% of U.S.
Housing Wire
AUGUST 27, 2024
The 203(k) program allows for the inclusion of repair or renovation costs within a single mortgage to purchase or refinance a home. The “standard” option is for substantial repairs, while the “limited” option is for more minor repairs or renovations. Department of Housing and Urban Development (HUD).
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Housing Wire
OCTOBER 5, 2023
Fannie Mae on Thursday announced that its Desktop Underwriter (DU) system will include new changes to the maximum allowable loan-to-value (LTV) ratios for two- to four-unit, principal residence, purchase and limited cash-out transactions, as well as other updates to further align the system with recent changes to the Selling Guide.
Housing Wire
NOVEMBER 10, 2020
The “yes” vote also means that inherited homes not used as principal residences may be reassessed at market value when transferred. The “yes” vote also helps Habitat for Humanity itself, allowing the company to save on operating costs while funneling money toward renovation projects, and adding to the local tax revenue.
Housing Wire
AUGUST 10, 2023
Meanwhile, innovation-driven transparency is helping to make distressed property auctions more accessible for these owner-occupant buyers as well as for local community developer buyers who, it turns out, sell most of their renovated foreclosures to owner-occupants. of all properties available for the first-look auctions during the quarter.
Housing Wire
MAY 3, 2022
For instance, if the homeowner has only withdrawn $50,000 of the HELOC for a renovation or downpayment on a new home, the person would only be paying interest on the $50,000. In contrast, when they do a cash-out refi, they’re committed to paying the new principal and interest balance for the duration of the mortgage — likely 15 or 30 years.
Housing Wire
JUNE 1, 2022
For instance, if the homeowner has only withdrawn $100,000 of the HELOC for a renovation or downpayment on a new home, the person would only be paying interest on the $100,000. During months where you need additional capital to finance a home repair, or a move, you can choose to pay the interest only part of the loan.
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