Housing Wire
AUGUST 25, 2022
During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. It comes at a time in which the housing market favors buyers and seller concessions become more frequent.
Housing Wire
MARCH 6, 2024
Home Equity Conversion Mortgage (HECM) endorsements fell 11.8% I think the best places to focus right now are giving the H4P a muscular new push due to the seller concessions update , and working with forward mortgage distribution and servicing opportunities to convert forward loans into new reverse borrowers,” he said.
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HomeLight
DECEMBER 2, 2021
Kentucky-based Dianna Caldwell , a seasoned agent with 16 years of industry experience under her belt, gave us a rundown of seller costs and what homeowners should budget before they sit down to the closing table. Source: (Clay Banks / Unsplash). home sales price of $453,300, as reported by the Federal Reserve Bank of Saint Louis.
HomeLight
OCTOBER 30, 2020
When you still have months left until the bank starts initiating foreclosure, you have time to prep your home for sale , so that it shows well and sells for the best possible price. What many homeowners don’t realize is that they have equity built up in their house that can help them out of their current financial difficulty.
Realty Biz
SEPTEMBER 4, 2023
You’ll still probably need a little help beyond that $1,000 in your bank account, but your mortgage lender will allow gifts from family members or friends to help you. To cover closing costs, negotiate a seller concession. Either way, you get to use owner-occupied financing, which means a down payment as low as 3%.
HomeLight
SEPTEMBER 30, 2021
After all, the bank or institution wants to ensure they’re protecting their investment and you aren’t overpaying for your purchase. If they are unwilling to budge on price, you can also renegotiate seller concessions. If you have excellent credit, it may be easier to get pre-approved with another bank.
Realty Biz
MAY 24, 2021
You’ll still probably need a little help beyond that $1,000 in your bank account, but your mortgage lender will allow gifts from family members or friends to help you. To cover closing costs, negotiate a seller concession. Either way, you get to use owner-occupied financing, which means a down payment as low as 3%.
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