Appraisals, HVCC, and You - 06/09/09 09:59 PM
You've all probably read numerous posts about HVCC and its affect on the mortgage process for both purchases and refinances.  We've even seen the Wall Street Journal today write about deals going down the tubes because of it AND there is a petition to get HVCC stopped.
This new regulation is called HVCC and it affects the way appraisals are being done for mortgages. I wanted to get you some important information on the kinds of changes you will see as a consumer and a real estate professional.
1. An increase in costs2. Longer turn times (resulting in longer lock times)3. Need to pre-pay for services
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Jeff Baxter (Prosperity Mortgage)

Jeff Baxter

Bethany Beach, DE

More about me…

Prosperity Mortgage

Address: 33298 S. Coastal Highway, Bethany Beach, DE, 19930

Office Phone: (302) 537-5076

Cell Phone: (302) 602-1067

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Thoughts on the mortgage market and the Delaware Beach (Bethany Beach, Rehoboth Beach, Fenwick Island, Dewey Beach, and Lewes).


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