Housing Wire

FEBRUARY 8, 2022

We service their loans. Over the course of three months, HousingWire interviewed about a dozen servicers, housing counselors, academics and lawyers to drill down on how big the ghosting problem is, why it happens, and what the consequences could be for both borrower and servicer. The company serves a $50 billion loan portfolio.

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Realty Biz

DECEMBER 29, 2021

From finding the right agent to work with , to sorting through listings until you find your dream home, to figuring out innovative ways to keep your costs down , to outbidding all the other buyers in 2021’s red hot market, it’s easy to overlook one of the most important (and most nerve-wracking) aspects of buying a home — the financing.

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RIS Media

DECEMBER 19, 2020

Here’s some information that can help you to figure out how and when to apply for a loan this year: Pay Attention to Falling Rates. One of the best ways to figure out when to apply for home loans is to keep track of the interest rates set by the Federal Reserve. Look at Loan Types. Look at Your Timetable.

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HomeLight

SEPTEMBER 2, 2021

In 2021’s white-hot real estate market, homes are appreciating every day. It can be daunting to know how and when to leap into homeownership — especially if you don’t have substantial savings for a down payment. If this sounds like you, you might have heard about special programs that help you get your foot in the homeownership door.

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Point2Homes

JULY 29, 2021

To begin, get preapproved for your mortgage. This is an important step that lets you know how much you can afford to spend on your new home. Plus, if you get approved by one lender — or, preferably, multiple lenders — you can breathe a sigh of relief and then choose the best deal offered.

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HomeLight

DECEMBER 30, 2021

Unless you’re paying cash for your new home, you’ll need a mortgage loan. And if you’re a first-time buyer, you’ll probably have more than a few questions about types of loans, how much down payment you’ll need, and how to qualify for the right loan for you. So, let’s get right into the questions (and answers!).

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Redfin

DECEMBER 15, 2023

These rate adjustments helped propel the 30-year fixed mortgage rate from its lowest recorded point of 2.65% in January 2021 to its current range, currently hovering between 7% and 8%. ( See more about how inflation impacts house prices.) Get pre-approved When is the right time to refinance your mortgage?

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Real Trends

MARCH 30, 2022

In the south we are in the spring buying season already and although the tables are set and dinner is cooked, it’s getting cold. The borrower has 20% to put down ($80,000) and get a conventional 30-year loan of $320,000. . Properties available to purchase in this range of inventory in 2021 dipped to at 538 units.

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Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. This is a lot different than 2008 where you needed a credit score and a heartbeat to get a mortgage. An additional 21% closed 1.5

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HomeLight

JANUARY 12, 2022

How long does closing take from here? But the time required to process and underwrite the loan will be in large part what dictates the length of your closing. According to the loan software firm ICE Mortgage Technology, it took 50 days on average to close on a purchase loan for a house, as of Q3 2021.

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HomeLight

OCTOBER 29, 2021

Keep this list handy as you move through the steps toward closing day when you’ll finally get the keys to your new home. How long does the house closing process take? The average time to close a loan was 48 days in July 2021 , according to ICE Mortgage Technology, a company that produces mortgage management technology.

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HomeLight

AUGUST 16, 2021

Let’s get to it! How do you know where to begin? How do you know if you’re ready and have everything you need? How do you know if you’re ready and have everything you need? How do you know if buying a home is something you should even pursue at all? How quickly do homes move off the market? Start here.

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Redfin

APRIL 7, 2023

To help you get started, we turned to some of Redfin’s top Partner Agents in San Diego to help you navigate the process with confidence. To help you get started, we turned to some of Redfin’s top Partner Agents in San Diego to help you navigate the process with confidence. This way you’ll know exactly how much house you can afford.

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HomeLight

SEPTEMBER 30, 2021

Updated September 30, 2021. What is an appraisal and how does it work? How common are low appraisals? If you’re financing your purchase with a mortgage loan, your new property most likely needs to undergo an appraisal to complete the transaction process. How does an appraisal work? Table of Contents.

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Point2Homes

JULY 29, 2021

To begin, get preapproved for your mortgage. This is an important step that lets you know how much you can afford to spend on your new home. Plus, if you get approved by one lender — or, preferably, multiple lenders — you can breathe a sigh of relief and then choose the best deal offered.

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HomeLight

AUGUST 31, 2021

How do you buy a foreclosure?”. So how do you buy a foreclosure and make sure it’s the right home for you? took over 900 days as of the second quarter of 2021. But right as you’re about to call your real estate agent, you notice there’s a line in there that labels it a foreclosure. Can you still put in an offer?

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HomeLight

MAY 17, 2021

Get Your Free Home Appraisal Checklist! You can do your research and review recent home sales to get an idea of how much you’re likely to pay for a similar home. The agent can show you how to use the CMA to determine if the house is worth the asking price, even before the appraiser comes in. Email address *.

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HomeLight

JULY 25, 2022

So how can buyers — and their lenders — make sure they’re getting what they’re paying for? In the December 2021 survey, 19% of buyers waived the inspection contract contingency, down from its height of 27% in July 2021. Appearances can be deceiving. Request Estimate. Home appraiser versus home inspector.

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Housing Wire

SEPTEMBER 3, 2021

Of the 35,380 Federal Housing Administration -insured loans in New Orleans, 17.9%, or 6,600, were delinquent as of August, per an analysis of Department of Housing and Urban Development data from the American Enterprise Institute. That puts it behind only a handful of other cities in the country in delinquent share of loans.

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Housing Wire

JANUARY 31, 2023

Scott Miller, a former mortgage loan originator at Sprout Mortgage , knew the clock was ticking when the non-qualified mortgage (non-QM) lender abruptly closed doors in July 2022. In turn, thousands of loan originators could soon be looking for a new lender to hang their license. But not every LO will find a new workplace.

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HomeLight

NOVEMBER 20, 2023

As a buyer, you will not only be looking for the right home at the right price, but you’ll also be on an expedition to discover if the seller’s loan is assumable. Because of these golden benefits, assumable loans are in demand. As one New York Times headline proclaimed, “ The Hottest Thing in Real Estate Is a Loan From Two Years Ago.”

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HomeLight

NOVEMBER 17, 2021

With the help of Joseph Baylis , a top agent and first-time homebuyer extraordinaire based in Trenton, New Jersey , we’re giving you a rundown of the best first-time buyer programs that are available as of October 2021. FHA stands for the Federal Housing Administration , which is part of the U.S. Source: (DISRUPTIVO / Unsplash).

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HomeLight

AUGUST 9, 2022

The down payment on a home gets your foot in the door, and the mortgage lets you move in. The size of your down payment can depend on a variety of factors, like where you’re buying, how much you have saved, and what kind of mortgage you’ll get. How do you know exactly what to pay and when to pay it?

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HomeLight

NOVEMBER 29, 2021

Research and strategy are involved when deciding on a figure for a down payment, which will depend on your savings and how much you’re willing (and able) to finance. Before diving into loan options, make sure you know how much you can actually afford with the income you currently have. What types of mortgage loans are there?

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HomeLight

JANUARY 31, 2022

You’re thinking about buying a house, but you aren’t sure what your mortgage loan (or monthly payment ) will look like. Still, to make your dream a reality, determining how to estimate a mortgage loan and how much you can spend is something you’re going to have to do. How much are you putting down?

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Housing Wire

MARCH 28, 2022

If the request is approved by Congress, HUD could receive $71.9 The Federal Housing Administration would get $15 million for its Home Equity Accelerator Loan (HEAL) pilot, to test new loan products for first-generation homebuyers. How Mortgage as a Service Levels the Playing Field for Minority and First-Time Homeowners.

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HomeLight

SEPTEMBER 1, 2022

Well, hello there, student loan debt. Millennials and Gen-Zers have on average $36,000 in student loan debt , as the Education Data Initiative reports in its 2021 study. with student loans and are worried about how that may impact your ability to buy a home. Why might that be? Years of Experience. Transactions.

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HomeLight

JULY 31, 2022

Even before you decided to put your home up for sale, you probably knew making minor repairs and sprucing up your home would increase the chances of attracting the right buyers and getting a great offer. So how can you know what kind of repair issues could potentially derail a sale — before you even have an offer?

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HomeLight

OCTOBER 26, 2021

Before you start shopping for your home, you will be advised by your real estate agent to choose your mortgage provider and get preapproved for a mortgage so you know what price range you can afford. But that is only a preliminary step to getting final approval for a mortgage. How long will it take?

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HomeLight

APRIL 11, 2022

By January 2021, that number dropped to 52% , analytics and data service provider CoreLogic reported. A lender not only uses an appraisal as a quality check but also to arrive at a loan-to-value (LTV) ratio — this helps lenders evaluate the risk level of the loan. But buyers don’t find this process smooth sailing, either!

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HomeLight

JANUARY 31, 2022

Jennifer Wilson , a real estate agent in Albuquerque who sells homes more than 44% quicker than the average agent in her area, says she works with about one buyer each year who uses a Native American-targeted government-sponsored loan program. Department of Housing and Urban Development’s Section 184 loan program.

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HomeLight

SEPTEMBER 1, 2022

And with so many options, determining which county is best, what you can afford, and how to go about the process can seem overwhelming. With tips on everything from how to save for your down payment, specific loan programs for buyers, and what you should look for in an agent, we’ve got you covered. Assess your readiness.

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HomeLight

SEPTEMBER 27, 2021

Updated September 27, 2021. The lender won’t loan more than the property is worth, so if the appraisal comes in low, your buyer will need to make up the difference in cash or you’ll need to accept a lower purchase price. Source: National Association of Realtors, Realtor Confidence Index for July 2021. Sounds daunting?

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HomeLight

MAY 27, 2021

But when it comes to one of the key aspects of buying that home — how to get a mortgage loan — you may draw a blank. We include advice from an agent who has worked with hundreds of new buyers, descriptions of different loans, and information about the many kinds of paperwork you’ll deal with.

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HomeLight

SEPTEMBER 1, 2022

We researched everything you need to know about buying a house in Florida, and spoke with top agent Maria Raymer , who works with 67% more single family homes than the average agent in Jacksonville, Florida , to get expert insight into the steps required for buying a home in Florida. Ready to make Florida your home? Assess your readiness.

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HomeLight

JULY 7, 2022

But let’s say you make $70,000 per year (a little less than the 2021 median household income of $79,900, according to the U.S. Instead of thinking of the price tag of a home as affordable, look at whether you can afford to borrow the money it will cost and can repay the loan in monthly payments. It really impacts purchase power.

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HomeLight

APRIL 13, 2023

That’s a little higher than the national average of 1.81% of the purchase price, according to the study based on 2021 data. Read on to learn more about closing costs, including how much closing costs are in Florida and which costs are traditionally paid by the buyer and seller. of the sales price. Who pays for closing costs in Florida?

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