Housing Wire

NOVEMBER 7, 2023

In the aftermath, one of the most contentious issues in the minds of mortgage professionals is how the ruling might affect FHA and VA mortgage borrowers. FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5%

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Housing Wire

NOVEMBER 8, 2021

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. First, he has his clients lender call the listing agent. Somebody has a problem once and then that story just spread.

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Realty Biz

MARCH 28, 2023

A VA appraisal is similar in some ways to the appraisal with a conventional mortgage, but they do more to protect buyers. We look at a home's requirements when applying for a VA loan. There are VA loan inspection requirements for appraisals that buyers, sellers, and real estate agents should know.

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Housing Wire

MAY 25, 2021

New legislation would extend a benefit similar to Veterans Affairs loans to first responders and teachers who buy homes. Mortgages would be subject to FHA loan limits. Homebuyers would pay an up-front mortgage insurance premium of 3.6 Representatives John Rutherford (R-Fla.), Al Lawson (D-Fla.),

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Realty Biz

APRIL 24, 2021

A VA Loan Certificate of Eligibility is your proof of service, and it shows that you’re qualified to receive your VA loan benefits. You may be eligible for a VA mortgage if you have served or are currently serving in the military. What is the VA Loan Certificate of Eligibility?

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Realty Biz

SEPTEMBER 24, 2022

Military borrowers looking to buy or refinance a home might want to consider a VA loan. Department of Veterans Affairs (VA), this loan option can make buying a home easier for those who might otherwise struggle to afford a mortgage. What Is a VA Loan? Benefits of a VA Loan.

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Housing Wire

JULY 12, 2022

In a few months, the loss mitigation measures that have kept close to 100,000 veterans from foreclosure during COVID-19 will end. Decisions of policymakers at the Department of Veterans Affairs will determine what happens to those borrowers. The VA also faces challenges unrelated to the pandemic. How is the VA addressing this?

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Keeping Current Matters

JULY 29, 2021

Some veterans are finding it difficult to obtain a home in today’s market. Below, we can see just how small of a share of total financing VA loans made up in June of 2021, according to that Ellie Mae report: The drop in VA loan usage can be attributed to the difficulties veterans continue to face when buying a home.

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VA loan Loans Finance Mortgages 214

HomeLight

APRIL 30, 2024

When you’re considering buying a home, one option might be to assume the seller’s mortgage instead of obtaining a new loan. This post provides expert insights into the tax implications of assuming a mortgage. What does it mean to assume a mortgage? Are all mortgage loans assumable?

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Realty Biz

FEBRUARY 24, 2024

The journey to homeownership is a significant milestone for veterans, and the U.S. Department of Veterans Affairs (VA) plays a crucial role in making this dream a reality. Insights into VA Home Loans: Before we dive into the specifics of VA Jumbo Loans and VA Construction Loans, let's recap the fundamentals of VA home loans.

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Point2Homes

JANUARY 19, 2021

Military personnel past and present are eligible for a VA mortgage, helping them get a foot on the property ladder. But what exactly is a VA mortgage and how do they work? How Does a VA Mortgage Work? A VA loan is a type of mortgage loan backed by the U.S.

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Real Trends

SEPTEMBER 15, 2023

Our way of honoring first responders is by educating our podcast listeners, readers and coaching clients in the real estate industry about how to help those who helped all of us and are still being of service every day. One of the best ways to help first responders is to be of service yourself, as a professional real estate advisor.

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Realty Biz

SEPTEMBER 30, 2023

Mortgages with Low Credit Scores Mortgages with low credit scores can appear challenging, but there are options available. Understanding how a low credit score affects your mortgage and exploring government-backed programs can help you navigate the process. Can you buy a house with bad credit?

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Finance Debt-to-income ratio FHA loan Mortgages 97

Housing Wire

AUGUST 2, 2022

The Department of Veterans’ Affairs announced last week that it would allow desktop and exterior-only appraisals for some transactions. In a department memo, the VA explained that the move was a response to “high demand for appraisal services and limited availability of appraisers in certain local market areas.”.

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Point2Homes

DECEMBER 15, 2021

There are many types of mortgages for homebuyers to consider in the U.S. Assumable mortgages aren’t as common as others, but they can offer a wealth of benefits in the right circumstances. What Is an Assumable Mortgage? How Does an Assumable Mortgage Work? Are All Mortgage Types Assumable? In the U.S.,

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Debt-to-income ratio VA loan Mortgages FHA loan 109

Housing Wire

JANUARY 26, 2024

Ketchmark told webinar viewers that when he and his wife went to buy their first home, they sat with their agent and looked at for-sale properties in a phonebook-style MLS listing book. The hourlong debate began with both participants discussing their motivations for participating. Don’t require the seller to pay for it,” Ketchmark said.

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Housing Wire

JANUARY 3, 2023

When it comes to offering an opinion of ‘good or bad’ on HR 7735 — the VA modernization bill — and its ultimate ability to create a better appraisal process for veteran and active duty borrowers, it’s simply too early to tell with too little information being shared on exactly what changes we should expect.

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Lab Coat Agents

FEBRUARY 7, 2023

Are you in the market to buy your first home? Tips When Buying A Home For The First Time Location is vital: You’ll want to pick a neighborhood that you feel comfortable with and is in a good location. Have realistic expectations: Remember that your first home might not be your forever home.

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Realtor.com

NOVEMBER 10, 2022

The Federal Reserve’s latest interest rate hike of 0.75% is expected to push up mortgage rates that had already reached a 20-year high, putting further pressure on a stressed market. Chances are, many of your potential homebuyers are struggling to balance their home goals with the reality of ballooning mortgage rates.

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RIS Media

MARCH 31, 2022

The National Association of REALTORS® (NAR) is a strong supporter of housing for our nation’s veterans and active-duty servicemembers, and we are committed to the idea that all military families deserve the opportunity to purchase their own home. The VA Home Loan Guaranty Program. million loans were procured in 2021.

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Real Trends

NOVEMBER 11, 2022

FHA loans aim to make homeownership possible for borrowers with less-than-perfect credit and without a large down payment requirement. Backed by the Federal Housing Administration, FHA loans have more competitive interest rates, something that could be key for buyers in today’s market. Piggyback loans. 2-1 buydowns.

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Realty Biz

DECEMBER 12, 2022

There are several things to consider when it comes to getting a mortgage. As a first-time home buyer, educating yourself on the process is essential to make things go as smoothly as possible. Most home buyers want to get the best mortgage rates and terms. We will cover everything you need to know about how to get a mortgage.

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Rent, Buy & Sell

FEBRUARY 7, 2021

As such, if your credit score is below 500 you should probably work on rebuilding your credit score first, because even with alternative lending options this score may be too low to finance a home. Most lenders set their own requirements, so even with a bad credit score, there are various lenders who will fund your mortgage.

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Realty Biz

MARCH 28, 2023

When it comes to investing in real estate , purchasing income properties can be the biggest hurdle to overcome - especially for those who wish to get into real estate investment in the first place. Be aware, however, that mortgage lenders can have their own guidelines for what qualifies as owner occupancy, so check beforehand.

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Marco Santarelli

OCTOBER 14, 2023

Buying a home is a major life milestone, and it can be especially daunting for first-time homebuyers. The down payment, closing costs, and monthly mortgage payments can all add up to a lot of money. But don't worry, there are a number of government programs that can help first-time homebuyers make the dream of homeownership a reality.

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Realtor.com

DECEMBER 14, 2022

Getty Images / Realtor.com When it comes to making the largest purchase of their lives, most homebuyers would prefer to play it safe in choosing a loan. That’s why fixed-rate mortgages, the gold standard of home loans, have long been the most popular. These 15-, 20-, and 30-year mortgages aren’t exciting.

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Realtor.com

DECEMBER 14, 2022

Getty Images / Realtor.com When it comes to making the largest purchase of their lives, most homebuyers would prefer to play it safe in choosing a loan. That’s why fixed-rate mortgages, the gold standard of home loans, have long been the most popular. These 15-, 20-, and 30-year mortgages aren’t exciting.

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Fixed-rate mortgage Mortgages Loans VA loan 99

Redfin

OCTOBER 27, 2020

This can be especially true for veterans, who have likely spent years traveling between bases, and are looking for a place to finally call their own. If you’re a veteran or active military personnel and you’re starting the quest for your new home, be sure to first consider these seven important home buying tips.

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Realty Biz

JULY 20, 2022

Saving for a down payment was always difficult for first-time buyers, but the recent increase in home prices has made things much more challenging. Though, you will need to pay private mortgage insurance with down payments of less than 20%, increasing your monthly outgoings. USDA Loans. Fannie Mae and Freddie Mac.

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Loans FHA loan VA loan Equity 129

Windemere Buying

JUNE 25, 2021

Buyers are constantly looking for ways to streamline the buying process , whether that’s working with their agent to identify how they can increase their buying power , getting pre-approved , or being as cash-ready as possible. A down payment is a lump sum payment made by the buyer early on in the process of obtaining a mortgage.

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HomeLight

JULY 31, 2022

Here are some options for pulling a successful sale, regardless of where you stand on your mortgage. Essentially, equity is the market value of your property minus the amount of money you still owe on your mortgage loan. To determine your home’s equity, you first need to assess your property’s fair market value.

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Real Trends

OCTOBER 23, 2022

Buying a home for the first time can be daunting, especially with how the market has been over the past few years. Rising interest rates and softening prices can create even more doubt for first-time homebuyers. First-time homebuyers’ extra jitters during today’s market. First-time homebuyers biggest fears.

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Real Trends

MAY 9, 2023

First, articulate your value to ensure everyone, especially your clients, understands what you do. You understand and provide guidance on the financial aspects of the transaction, like mortgage rates, closing costs and appraisals. So what can agents who are Realtors do? They provide comprehensive and reliable information and data.

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Easy Agent Pro

JULY 14, 2020

Real estate news – No more DTI ratios for mortgages? A couple of weeks ago the Consumer Financial Protection Bureau announced their desire to do away with using “… DTI as a factor in mortgage underwriting” for qualified mortgages , according to HousingWire.com’s Kelsey Ramirez. military veterans only 10.5

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VA loan FHA loan Loans Agents 65

First Team Real Estate

MARCH 24, 2021

Maria Casas was first put in touch with Sean Amman, a 95% disabled veteran, five years ago when he was searching for a real estate agent to help him find a rental property for his family of four. From the very first day, Maria was there for me and my family. I have a passion for helping veterans.

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Real Trends

JANUARY 30, 2023

At the time of her death, Wheeler had also been working as a managing broker at John L. Wheeler had been with the company since 2016 and specialized in working with military homebuyers, first-time buyers and families going through divorce or loss. Her expertise was in government mortgage programs, such as FHA and VA loans.

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VA loan Loans Mortgages Agents 56

Realtor.com

APRIL 30, 2021

Courtesy of Terrance Leonard When Terrance Leonard first started seriously investing in the cryptocurrency space in 2019, his original goal was to achieve financial independence. That way he wouldn’t necessarily need to a work a traditional job to make ends meet. Leonard, who works as a software engineer in Washington, D.C.,

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