RIS Media

MAY 11, 2022

AAPI demand for housing is high: 65% of real estate professionals working with Asian buyers say demand for housing is greater than pre-pandemic. Freddie Mac, which partnered with AREAA on this year’s State of Asia report, provided insights into indicators that affect mortgage approval rates among the AAPI community. Demographics.

Debt-to-income ratio 81

Debt-to-income ratio Pre-approval Bankruptcy Mortgages 81

HomeLight

JULY 7, 2023

Pre-foreclosure: If you are facing foreclosure , selling your house fast can help you avoid damaging your credit score and financial reputation. Once accepted, you can close the deal quickly since there are no mortgage approvals or inspections to wait for. Need to Sell Your House Fast in New Hampshire?

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Pre-approval Bankruptcy Sales Inspection 72

Realty Biz

SEPTEMBER 30, 2023

They can help you navigate the mortgage process and identify suitable options based on your financial situation and provide you with a pre-approval. Tougher loan approval: Lenders may be hesitant to approve a mortgage application from someone with a low credit score.

Finance 97

Finance Debt-to-income ratio FHA loan Mortgages 97

Realty Biz

MAY 10, 2022

AAPI demand for housing is high: 65% of real estate professionals working with Asian buyers say demand for housing is greater that pre-pandemic. Freddie Mac, which partnered with AREAA on this year’s State of Asia report, provided insights into indicators that affect mortgage approval rates among the AAPI community.

Debt-to-income ratio 88

Debt-to-income ratio Pre-approval Bankruptcy Mortgages 88

HomeLight

AUGUST 16, 2021

The mortgage loan process is pretty messy! It’s easy to forget an important document when you’re busy looking at houses and figuring out which one best suits your needs and budget. If you’re a list person, then you appreciate the value of keeping track of your items. Identification. Source: (NATNN / ShutterStock). 1099 forms.

Loans 103

Loans Mortgages Bankruptcy Purchase and sale agreement 103

Realty Biz

JUNE 7, 2021

Title Issues: The seller must clear the house title from any liens, bankruptcies, judgments, and other outstanding issues. What Is The Time Frame For Closing on a Home? One of the more popular questions asked from buyers and sellers is how long it will take to close on a house. The answer to the first question is super simple.

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Closing Purchase and sale agreement Inspection Title 120

Realtor.com

JUNE 12, 2017

The entire mortgage process has several parts, including getting pre-approved, getting the home appraised, and getting the actual loan. Many sellers will require that buyers get pre-approved for a mortgage before they will accept an offer. But when it comes to getting a mortgage, that’s just not how things work.

Pre-approval 52

Pre-approval Debt-to-income ratio Mortgages Bankruptcy 52

Toronto Realty Blog

DECEMBER 19, 2023

So without further adieu, here are the “Top Five Real Estate Stories Of 2023” as I see them: #5: Condos, Development, & Pre-Construction This “theme” or story has far-reaching implications; at least more so than what you might conclude simply from the title. Pre-Construction. Development.

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Pre-approval Construction Development Agents 83

HomeLight

MARCH 16, 2023

Whatever your reason for needing a quick sale without making expensive repairs, Houston is teeming with cash home buyers ready to make you an offer no matter your home’s condition. Need to Sell Your House Fast in Houston? Receive your offer within a week and close in as little as 10 days. No showings, no repairs, no open houses.

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Sales Purchase and sale agreement Earnest money deposit Investor 63

Marco Santarelli

SEPTEMBER 30, 2023

Get pre-approved for a mortgage before you start shopping for a home. FHA mortgage rates are typically higher than conventional mortgage rates, but they can be a good option for borrowers with lower credit scores or smaller down payments. The minimum credit score for an FHA loan is 580 with a 3.5% down payment.

FHA loan 102

FHA loan Mortgages Debt-to-income ratio Loans 102

HomeLight

OCTOBER 29, 2020

Is it an understatement to say that buying a house can be a complicated process? And that’s before buyers even start thinking about steps like making a contingent offer. From the moment you make the decision to find a new home, you’re navigating a juggling act of strategy, timing, and luck. Source: (JJ Badenhorst / Unsplash). Home appraisals.

Purchase and sale agreement 77

Purchase and sale agreement Pre-approval Earnest money deposit Inspection 77

Redfin

MARCH 3, 2022

It’s recommended to get pre-approved before house hunting to give yourself a realistic idea of how much home you can afford ; however, a mortgage pre-approval doesn’t guarantee that your loan application will be approved. With that said, it’s recommended to work with a knowledgeable, local mortgage broker. “A

Closing 63

Closing Title search Purchase and sale agreement Title 63

CT Homes

FEBRUARY 3, 2022

A short sale, commonly also known as a pre-foreclosure sale, is a transaction within the real estate industry refers to a sale that occurs when a financially struggling homeowners sells their property for less than the original amount due on the mortgage. A lot has changed in the world of real estate over the last decade.

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Short sale Sales Pre-approval Principal 52

HomeLight

JULY 31, 2020

Loan approval. In fact, buyers should go one step further (if they can) and get pre-underwritten for a loan , which offers even more security for both buyers and sellers. Once the buyer and seller sign the contract, the closing process begins — and therein lies the rub. It almost certainly will not move as quickly as anticipated.

Closing 104

Closing Purchase and sale agreement Title search Earnest money deposit 104

HomeLight

NOVEMBER 9, 2021

If you need to sell your home pronto, now is a great time. The recent housing market has been hot and competitive due to an extreme lack of inventory. For a seller in a hurry, the shortage of homes means you can anticipate fewer days on market (DOM). Just how fast can you sell your home? You simply request a cash offer from fully vetted cash buyers.

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Purchase and sale agreement Home sale contingency Title search Inspection 80

HomeLight

SEPTEMBER 30, 2021

Department of Housing and Urban Development (HUD)-approved counseling agency, providing more than 31% of the housing counseling in the country. “It’s You’re at a barbecue at your friend’s new house. In between mouthfuls of corn on the cob and burgers it seems just about everyone is discussing their new home or their hunt for one.

Loans 78

Loans Pre-approval Mortgages VA loan 78

HomeLight

JUNE 30, 2021

Some states require only 40 hours of pre-licensing classes, while others may require more than 200 hours, for example. There are several different factors that determine home affordability and each lender can have its own mortgage approval standards when it comes to the buyer’s credit score, income, assets, debt, and liabilities.

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Purchase and sale agreement Inspection contingency Home sale contingency Inspection 78

Notorious ROB

DECEMBER 19, 2022

Welcome to yet another edition of the Seven Predictions, sure to be wrong or your money back. Does not apply to VIP Subscriptions.) This is one of my favorite annual traditions around this time of year. For those keeping track at home, I just published my results from last year’s predictions , and my lifetime average is.374.

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MLS Agents Pre-approval Brokerage 79