Homeowners Continue to Overestimate Value, Except in Hot Markets

Homeowners continue to overestimate the value of their homes, except in hot markets, according to the latest Quicken Loans’ HPPI. Appraised home values came in 1.55 percent below what homeowners expected in July, according to the latest Quicken Loans’ National Home Price Perception Index (HPPI). The latest Quicken Loans National Home Value Index (HVI) shows […]

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Homeowners Miss Mark When It Comes to Appraised Value

Homeowners again overvalued their homes in May, missing the mark by 1.93 percent, according to the latest Quicken Loans’ National Home Price Perception Index (HPPI). The gap has now widened six months in a row. The latest Quicken Loans National Home Value Index (HVI) shows appraised values rose 4.92 percent year-over-year in May. “It’s important […]

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Homeowners Misjudge Value…Again

Homeowners again misjudged the value of their homes in April, with their estimates coming in 1.90 percent above those of appraisers, according to the latest Quicken Loans’ National Home Price Perception Index (HPPI). The gap has now widened five months in a row. The latest Quicken Loans National Home Value Index (HVI) shows appraised values […]

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How to Get Rid of Private Mortgage Insurance

(TNS)—If you bought a house with a down payment of less than 20 percent, your lender required you to buy mortgage insurance. The same goes if you refinanced with less than 20 percent equity. Private mortgage insurance, called PMI for short, is expensive—but you can remove it after you have met some conditions. You should […]

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7 Additional Expenses To Consider When Purchasing A Home

Once you have prepared your personal finances and documents to the point that you can secure a mortgage preapproval, the big thing on your mind is probably going to be the monthly cost of the mortgage payment. There are four main components that factor into your mortgage payment which are principal, interest, taxes, and insurance (PITI), but these are not the only costs that you need to be aware of. There are many other hidden costs to completing the purchase and transfer of a home that you might not have considered, so make sure you are financially prepared for everything that is involved in closing the deal. You Need To Consider Whether Or Not A Home Warranty Is Right For You Some home buyers are big fans of getting a home warranty, and some think that it is simply a waste of time because it is unnecessary, and there are even […]

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Appraiser Opinions Keep Falling Short of Homeowner Expectations

Appraiser opinions regarding home value kept falling short of homeowner expectations in March, coming in 1.77 percent lower, according to the latest Quicken Loans’ National Home Price Perception Index (HPPI). The gap has now widened four months in a row. The latest Quicken Loans National Home Value Index (HVI) shows appraised values rose 3.30 percent […]

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