https://www.wsj.com/articles/mortgage-rates-hit-4-99-dropping-below-5-for-first-time-since-april-11659621623?st=rl1cpfet6nerj0l&reflink=desktopwebshare_permalink Mortgage Rates Drop Below 5% for First Time Since April Rates hit 4.99%, falling…
Fannie Mae and Freddie Mac each have announced that they will begin waiving appraisal requirements on a limited number of home-purchase loans they back. Appraisals can still be completed for “peace of mind” but are not required if the home qualifies for the waiver. Additional benefits include saving the expense of an appraisal and reducing closing times by as much as 7-10 days. Appraisal Waiver Pre-check is a new tool to determine ahead of time to see if a property qualifies. All that is needed is the property address and the approximate value. With this, I can enter it into the system and tell you if the property qualifies for an Appraisal Waiver. Contact me today to learn more.