Real Trends

DECEMBER 27, 2022

With a little bit of informed vigilance, you will be able to increase your rate of successful closes. Whatever side you are on, being aware of inspection issues and how to work with them will be paramount in increasing your close rate. Before a mortgage is approved, lenders will have a property appraisal.

Sales 60

Sales Home sale contingency Pre-approval Inspection 60

Realty Biz

SEPTEMBER 14, 2023

Lenders Lenders, such as banks or mortgage companies, may also engage real estate attorneys to represent their interests in a transaction. Attorneys ensure that the loan documentation is executed correctly, review the terms and conditions of the mortgage, and confirm that the property's title is clear and suitable for collateral.

Purchase and sale agreement 100

Purchase and sale agreement Title search Title Due diligence 100

Patch of Land

AUGUST 31, 2018

When mortgage professionals gather for an industry conference it’s usually not long before someone jokes (or moans) about how slow the industry moves when it comes to adopting new technology. It’s a must-have for mortgage originators, and the industry can thank fintech firms for challenging the status quo and speeding up adoption.

Lending 28

Lending Technology Banks Industrial 28

Toronto Realty Blog

MAY 26, 2022

The recent drop in Toronto home prices is solely due to the increase in interest rates. And ALL of these folks, no matter what, seem to be blaming interest rate hikes. Canada’s rate of inflation for 2021 was 3.4%. That was the highest annual rate of inflation in Canada since 1991 when inflation sat at 5.63%.

Fixed-rate mortgage 92

Fixed-rate mortgage Purchase and sale agreement Banks Mortgages 92

Housing Wire

NOVEMBER 1, 2022

Housing Shortages and Mortgage Rate Fluctuations. Since 2008, major banks have pumped over $25 trillion into the global economy. This trend only intensified in 2022 in the wake of several, successive interest rate increases by the Fed. economy remains hazy as inflationary concerns continue to fuel rate increases.

Fixed-rate mortgage 394

Fixed-rate mortgage Loans Banks New Construction 394

Redfin

FEBRUARY 10, 2021

In early 2021, homebuyers will remain undeterred by the pandemic, eager to take advantage of sub-3% mortgage rates while they last. Well, it’s not only the difference between getting a low-interest rate on a home loan versus a high one, but it will also directly impact how much a bank or lender will loan you.

Debt-to-income ratio 73

Debt-to-income ratio Pre-approval Inspection Purchase and sale agreement 73

HomeLight

FEBRUARY 27, 2023

Oftentimes, you know, they’ve been spending hundreds of thousands of dollars on expenses to maintain the property, the mortgage, the taxes, the insurance for years, and they just haven’t gotten around to solving these problems. I imagine having to have a wonderful team on hand or on standby is paramount to getting this work.

Sales 67

Sales Staging Purchase and sale agreement Inspection 67