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What to Do if Your Pre-approval For a Mortgage Expires?

Realty Biz

When your mortgage pre-approval expires, it can impact your home-buying process. A pre-approval is crucial in determining your loan eligibility and understanding your purchasing power. A mortgage pre-approval is typically good for 60-90 days , so it is crucial to remember this time frame.

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The BIG Point of Sale integrates with ICE Mortgage Technology

Housing Wire

announced on Monday that it has integrated its next-generation point of sale system, The BIG Point of Sale, on the latest API Platform available through ICE Mortgage Technology , a division of Intercontinental Exchange, Inc. Fintech software and hardware company Mortgage Automation Technologies, Inc.

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How online auctions deliver on the promise of pre-foreclosure sales

Housing Wire

The great promise of short sales and other distressed pre-foreclosure sales as a foreclosure alternative is most fully realized in a competitive and transparent online auction marketplace, according to recent data from the Auction.com Market Validation Program (MVP) for pre-foreclosure sales. Falling Short.

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Opinion: Sitzer/Burnett decision presents an uncertain future for buyer agents

Housing Wire

Under current guidelines, sellers pay a 5-6% commission on a sale which is split between the buyer and listing agents. In order to survive, buyer agents will need to show this value to buyers and be willing to have clients pay a set fee or a pre-negotiated percentage of the sale price to secure the business.

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Dream of homeownership feels unattainable to many Americans: Redfin

Housing Wire

The median sale price was $378,250, up 4.5% starter home, up 8% from a year ago and up nearly 100% from pre-pandemic figures, Redfin reported. The ongoing lack of housing affordability is prompting more renters to doubt their ability to become homeowners. According to a recent Redfin survey , nearly 40% of U.S.

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Guaranteed Rate’s new mobile app allows LOs to provide 24/7 service

Housing Wire

The PowerVP app will create new loans; invite customers to complete a digital mortgage; send a one-click conditional approval letter; lock in rates ; obtain real-time pricing and run a credit report, the company said in a release. It’s now entirely possible for us to qualify buyers for their dream home by the time they leave the open house.

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4 Reasons You Should Get a Mortgage Pre-Approval

RIS Media

If you’re just starting out with the home-buying process, you may want to get a mortgage pre-approval. This is a statement from a lender that informs you of a certain amount you are qualified to borrow, as well as a specific pre-approved interest rate. Not only will this help you, but to sellers and agents as well.