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Income fraud is when a borrower falsely claims a higher income than they really have in order to qualify for a mortgage on a ...
The appraisal process for a HELOC or home equity loan varies depending on the lender, but the purpose is the same: to determine the market of your home. Here’s a step-by-step run-through of the ...
Say goodbye to Fannie Mae form 1004 and various addendum as lenders and appraisers have to get ready to work with the Uniform ...
You'll likely need a new appraisal to calculate your loan-to-value ratio. For starters, you could estimate it by looking at the recent sale prices of comparable homes in your neighborhood.