Scott Baker’s Post

Ready to buy your own home or invest in property? Listen to this episode to see how LMI can help you achieve your goals faster!! 🎧

FHA appraisals: What to expect & how to prepare

The recent NAR Settlement has officially taken effect. Here are two key provisions of the settlement to be knowledgeable of: ✅ The MLS will no longer be a platform for communicating compensation offers.  ✅ Buyer-broker agreements are now required. The only certainty is that how this will affect the market is still unknown, but we are prepared to become even more innovative and service-focused to capture and maintain business through these changes. Read more about the recent #NARSettlement below. #RealEstateIndustry #RealEstateExperts #RealEstate #TitleInsurance #TitleAgency #RealEstateLaw

Your agent will want to help you avoid any unnecessary surprises by estimating your closing costs in the initial meeting and again when it is time to enter a contract. #ArthurMclarty, #ArtMcLarty, #ArtMcLartyRealtor

Think Lenders Mortgage Insurance (LMI) is just another cost? 🤔 Think again. In our latest episode, Strachan Taylor from Helia flips the script, showing how LMI can actually be your fast track to homeownership and property investment. 🚀 What You’ll Learn: 🔍 LMI Uncovered: The real benefits that could save you time and money 💡 Myth-Busting: Common misconceptions debunked 🎯 Smart Moves: How to leverage LMI with government grants and strategic partnerships Plus, Strachan drops gold on building a property portfolio that fuels long-term wealth. 💰 Whether you're a first home buyer or a seasoned investor, this episode is your playbook for navigating the property market like a pro. Ready to level up your property game? Hit the link below and start your journey to success. 🌟

Catch this episode with our very own Strachan Taylor and host Aaron Christie-David at Atelier Wealth Mortgage Brokers. It’s essential listening for any clients looking to fast-track their path to home ownership and property investment. #homeownership #investor #homebuyer #lmi #lendersmortgageinsurance

We're proud to stand with FHA/HUD and the GSEs in their efforts to promote transparency and fairness in home appraisals. Read our take on the FHA Reconsideration of Value (ROV) policy and GSEs’ recent Selling Guide ROV updates. See how they align with our commitment to eliminating biases in property valuations: https://hubs.ly/Q02xl4xV0 #ROV #FHA #HUD #GSE #Appraisal

🏠💰 Did you know? Closing costs typically range from 2% to 5% of your home’s purchase price! These expenses can include loan origination fees, title insurance, home inspections, and more. It’s crucial to budget for these costs to avoid surprises at the closing table! 📋✨ Need help understanding closing costs? We’re here for you! #HomeBuying #ClosingCosts #RealEstateTips #BudgetSmart #KEYRealEstate

Budgeting for Closing Costs 🏠💰 When purchasing a home, closing costs can quickly add up and catch buyers off guard if not properly accounted for. These costs typically include fees for appraisals, home inspections, title insurance, and other services essential to the home-buying process. To avoid any surprises, it's crucial to budget for these in advance. Make sure to work closely with your realtor and financial planner to ensure these costs are included in your financial plan. This way, you'll be fully prepared when closing day arrives. #ClosingCosts #HomeBudgeting #FinancialPlanning #RealEstateTips #HomeBuyingJourney #MortgagePlanning #HomeClosing #MeganSullivanRealtor

The dust is starting to settle for lenders in the post-NAR Settlement world: ✅ FHA (FHFA) ✅ Conventional (Fannie and Freddie) ❓ VA - this is the big one we're all waiting for clarity. Surely the VA can't leave vets out to dry, right? RIGHT?! To be clear, the GSEs have only clarified that nothing is changing in their interpretation of how agent commissions are NOT considered IPCs (for those not familiar with the jargon, that's a good thing). But as of now, it appears that vets utilizing their VA loan may be in a sticky situation. The VA's current guideline is pretty clear that vets can't pay their agent's commission if they utilize the VA loan to purchase a home. The VA's intent of this guideline was in the right place - preventing vets from incurring additional financial burden. Everything works great if the seller pays the buyer's agent (even though they don't have to). But in this post-NAR settlement world it's clear that vets could now be at a significant disadvantage if they can't afford to pay their buyer's agent commission, while planning to utilize their VA benefits. The good news is that there's still time for the VA to make a change and provide clarity (pending the actual settlement being approved too). Having used the VA loan myself, I can tell you it is a MASSIVE benefit that helps vets get into a home - especially first-time homebuyers. I realize some people may call this being an alarmist, but yeah, it's time to sound the alarm and make sure vets aren't left out to dry. I'm sure the VA will step up and do the right thing for vets and provide clarity on this crucial issue....right?? #vets #VAloans #GoNavyBeatArmy https://lnkd.in/gQA-drPN