What Is a Conventional Loan?

The most popular type of home loan – a conventional mortgage – may cost less in the long run. There are also a variety of loan terms available.

Moving Back Home to Save for a House

Millennials planning to buy a home are moving in with their parents to save money and avoid the hassle of timing a home purchase with the end of a rental lease.

Mortgage Rates Snap Three-Week Pullback

The average rate on a 30-year mortgage increased to 7.03% from 6.94% last week. Borrowing costs on 15-year fixed-rate mortgages rose to 6.36% from 6.24% last week.

Contemplated Interest When Doing An Appraisal?

The Realtor, who is a licensed appraiser and a commercial real estate broker, conducted a lender-ordered appraisal for an owner looking to refinance. Afterwards, owner decided to sell and hired same Realtor. Once under contract, the Realtor didn’t tell the buyer’s lender about serving as both the listing broker and appraiser. Did the Realtor have a contemplated interest when conducting the appraisal? Is this a violation of Article 11?

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