Redfin

JULY 9, 2025

Between setting a budget, getting pre-approved, and closing the deal, getting everything squared away can make all the difference. Get pre-approved for a mortgage Estimated time: 1-2 weeks A mortgage pre-approva l is a lender’s assessment of how much they’re willing to lend you based on your income, assets, debts, and credit history.

Pre-approval

Redfin

AUGUST 6, 2025

Find a trusted real estate agent A few days Make sure to find and interview a few agents when choosing a real estate agent for your home search. Search for a home A few days to a few months Talk to your real estate agent about what you’re looking for in a home. Your agent should be able to recommend a title company.

Pre-approval

The Mortgage Report

JULY 4, 2025

Getting Pre-Approved Down Payment Assistance Buying With Low Credit Buying With Low Income Buying With A Disability Who Has The Best Mortgage Rates? Many lenders reduce or waive closing costs, and approval is often faster than a full refinance. How Much Home Can I Afford? Home equity loans are also competitively priced.

Equity

Marco Santarelli

APRIL 23, 2025

The Federal Reserve (The Fed): This is the central bank of the United States, and it plays a major role. The Fed sets the federal funds rate, which is the rate banks charge each other for overnight lending. Keeping an eye on these factors can give you a better sense of where rates might be headed. The inverse is also true.

Mortgages

Redfin

MARCH 5, 2025

Below are some of the best ways to find an affordable home without breaking the bank. A mortgage pre-approval can give you a clearer picture of your financial standing and help you secure a deal faster. Building a relationship with a trusted agent can streamline your search and increase the likelihood of finding a cheap house.

Debt-to-income ratio

Redfin

JUNE 13, 2025

Step 3: Research second-time homebuyer programs and loans Step 4: Work with an experienced agent Step 5: Make a strong offer as a second-time homebuyer Step 6: Plan your transition Second-time homebuyer FAQs Is it harder to buy a house the second time? Communicate closely with your real estate agent to align timelines and contingencies.

Debt-to-income ratio

Redfin

JULY 30, 2025

Speak with a real estate agent to help determine if you’re in a good position to begin the homebuying process. >>See: Should I get pre-qualified or pre-approved for a mortgage? If you’re considering buying a home, you’ve likely heard of getting pre-qualified or pre-approved.

Pre-approval

The Mortgage Report

JULY 14, 2025

Getting Pre-Approved Down Payment Assistance Buying With Low Credit Buying With Low Income Buying With A Disability Who Has The Best Mortgage Rates? This is essentially starting from scratch in terms of mortgage approval. Requires Lender Approval? How Much Home Can I Afford? We’ll explain that more in a bit.

FHA 203k rehab loan

Toronto Realty Blog

JULY 21, 2025

Real estate agents alike will relate to the negotiation “tactic” whereby a listing agent, flexing on behalf of the seller, will say something like, “We’re in no rush to sell, and in fact, we don’t even need to sell. But my question is this: Should a Plan-B be forged along with a Plan-A?

Marketing

Rochester Real Estate

NOVEMBER 5, 2015

Should I Go With A Mortgage Broker Or A Bank? A common question Realtors get from buyers and home owners looking to refinance is “should I go with a mortgage broker or a bank?” They cover the differences between mortgage brokers and banks, the pros and cons of each one and just as importantly, how to find a good lender.

Finance

Rochester Real Estate

NOVEMBER 5, 2015

What To Expect From Your Listing Agent Why For Sale By Owners (FSBOs) Fail Blog Featured Articles Home Buying Home Selling LOCAL Rochester NY Articles How To Buy A House With A Low Credit Score Kyle Hiscock Kyle Hiscock | Greater Rochester NY Real Estate | Pittsford NY Realtor at RE/MAX Realty Group Have questions about buying or selling a home?

Pre-approval

Rochester Real Estate

NOVEMBER 5, 2015

What To Expect From Your Listing Agent Why For Sale By Owners (FSBOs) Fail Blog Featured Articles Home Buying Home Selling LOCAL Rochester NY Articles How to Buy a House in New York Kyle Hiscock Kyle Hiscock | Greater Rochester NY Real Estate | Pittsford NY Realtor at RE/MAX Realty Group Have questions about buying or selling a home?

Purchase and sale agreement

The Mortgage Report

JUNE 17, 2025

Getting Pre-Approved Down Payment Assistance Buying With Low Credit Buying With Low Income Buying With A Disability Who Has The Best Mortgage Rates? These accounts are FDIC-insured for up to $250,000 per account holder, so your principal is protected even if the bank fails. How Much Home Can I Afford?

FHA 203k rehab loan

Marco Santarelli

APRIL 23, 2025

They want to get into a new home, they are also banking on the rates reducing in the future. Get pre-approved for a mortgage, work with a qualified real estate agent, and carefully consider your budget. This is likely due to higher housing inventory in the region, leading to more significant price reductions.

Sales

The Close

NOVEMBER 12, 2024

Hire a pro: Think about getting a real estate agent or a land assessor in your corner. They make it easy to filter your search by selecting “land” and choosing your preferred location, price range, lot size, and whether you want to buy directly from an owner or through an agent. Connect with the community: Chat with the neighbors.

Land

The Mortgage Report

JULY 24, 2025

Getting Pre-Approved Down Payment Assistance Buying With Low Credit Buying With Low Income Buying With A Disability Who Has The Best Mortgage Rates? Work with a trusted real estate agent and talk to a local lender early. They may be able to point you to special programs that national banks sometimes overlook,” says Fortune.

FHA 203k rehab loan

Redfin

JULY 31, 2025

Lean on trusted experts: A great real estate agent, lender, and the right loan choice are key. Even if you can afford the payments, adding new debt may reduce your loan approval or lead to higher interest rates. >>Discover: How to Get Pre-Approved for a Mortgage: 7 Steps for Success 7.

VA loan

The Mortgage Report

JUNE 23, 2025

Getting Pre-Approved Down Payment Assistance Buying With Low Credit Buying With Low Income Buying With A Disability Who Has The Best Mortgage Rates? That’s why some borrowers turn to wholesale lenders that offer slightly lower rates than big banks. How Much Home Can I Afford?

FHA 203k rehab loan

Marco Santarelli

FEBRUARY 7, 2025

Let's delve into the critical factors that set the 2025 housing market apart from the pre-crash era. During the mid-2000s, subprime lending was prevalent, and average credit scores for approved mortgages were likely lower than post-crisis averages. Work with a reputable lender to get pre-approved for a mortgage.

Pre-approval

Rochester Real Estate

NOVEMBER 5, 2015

Before taking the time to grant a mortgage pre-approval , lenders evaluate this information. Whether you work with a mortgage broker or a bank , they will also consider your PITI when evaluating your ability to repay the loan, using metrics such as housing expense and debt-to-income ratios.

Debt-to-income ratio

The Mortgage Report

JULY 15, 2025

Getting Pre-Approved Down Payment Assistance Buying With Low Credit Buying With Low Income Buying With A Disability Who Has The Best Mortgage Rates? This is not something lenders offer often, and it still requires full mortgage approval and financial checks. How Much Home Can I Afford?

FHA 203k rehab loan

Redfin

JULY 30, 2025

This usually includes pay stubs, bank statements, tax returns, proof of employment, and identification. Research loan options and get pre-approved Explore programs dedicated to first-time homebuyers like conventional, FHA, and state-specific assistance. Generally, no.

Debt-to-income ratio

Rochester Real Estate

NOVEMBER 5, 2015

To avoid going through this stress, meet with your financial advisor or bank and know the amount of money you can spend without drowning in debt. This is why getting a pre-approval before looking at homes is one of the most important steps to buying a house! (585) 704-7095 Contact Now Search Homes Home Fair Housing S.O.P.

Inspection

The Mortgage Report

JUNE 16, 2025

Getting Pre-Approved Down Payment Assistance Buying With Low Credit Buying With Low Income Buying With A Disability Who Has The Best Mortgage Rates? Why homeowners get HELOCs Balances on HELOCs rose by $6 billion just in the first three months of 2025, according to the Federal Reserve Bank of New York.

FHA 203k rehab loan

Rochester Real Estate

NOVEMBER 5, 2015

What To Expect From Your Listing Agent Why For Sale By Owners (FSBOs) Fail Blog Featured Articles Home Buying Home Selling LOCAL Rochester NY Articles What Are The Best Mortgage Options for Self Employed Borrowers? A few lenders developed a program called bank statement loans. Assets are still required to be fully documented.

Mortgages

Rochester Real Estate

NOVEMBER 5, 2015

The homebuyer dream program replaced the First Home Club and is financed by the Federal Home Loan Bank of New York. This grant is financed by the Federal Home Loan Bank of New York (but is also available in New Jersey). The first time home buyer must also complete a home buyer education program prior to the grant being approved.

Closing costs

Marco Santarelli

MARCH 22, 2025

This downturn is different for a few crucial reasons: Tighter Lending Standards: Banks have been much more careful about lending since the last crisis. If you're considering buying a home in this market, here's my advice: Get Pre-Approved: Know exactly how much you can afford before you start looking. What's a Buyer to Do?

Marketing

Redfin

MARCH 5, 2025

Below are some of the best ways to find an affordable home without breaking the bank. A mortgage pre-approval can give you a clearer picture of your financial standing and help you secure a deal faster. Building a relationship with a trusted agent can streamline your search and increase the likelihood of finding a cheap house.

Debt-to-income ratio

Marco Santarelli

MAY 4, 2025

The Federal Reserve (The Fed): This is the central bank of the United States, and it plays a major role. The Fed sets the federal funds rate, which is the rate banks charge each other for overnight lending. Keeping an eye on these factors can give you a better sense of where rates might be headed. The inverse is also true.

Mortgages

Marco Santarelli

MARCH 26, 2025

Just be sure to do your homework, work with a qualified real estate agent, and get pre-approved for a mortgage before you start your search. Lower mortgage rates can save you money over the life of your loan, and the increased inventory of new homes gives you more options to choose from.

Sales

Marco Santarelli

MARCH 19, 2025

Here's the breakdown: South: 2 metros Northeast: 2 metros Midwest: 6 metros This regional distribution suggests that affordability varies greatly across the country, and you might need to broaden your search beyond the usual hotspots to find your dream home without breaking the bank.

Pre-approval

The Mortgage Report

JUNE 24, 2025

Getting Pre-Approved Down Payment Assistance Buying With Low Credit Buying With Low Income Buying With A Disability Who Has The Best Mortgage Rates? Banks are more likely to include it, but some credit unions or online lenders might not. How Much Home Can I Afford? It’s also worth noting that not all lenders charge this fee.

FHA 203k rehab loan

Marco Santarelli

MAY 10, 2025

Possibly Lower Interest Rates: Central banks often slash interest rates during economic crises to try and stimulate borrowing and spending. While this isn't guaranteed to translate directly into ultra-low mortgage rates (banks might still be nervous about lending), it can happen. Get Pre-Approved for a Mortgage: Talk to lenders early.

Marketing

AAOA

MAY 5, 2025

These homes are typically under foreclosure, in pre-foreclosure, or have already been repossessed by a lender or bank. This can be a win-win for investors and sellers, but it often requires you to negotiate and get approval from your lender quickly. But what actually makes a property distressed?

Bankruptcy

The Mortgage Report

JUNE 12, 2025

Getting Pre-Approved Down Payment Assistance Buying With Low Credit Buying With Low Income Buying With A Disability Who Has The Best Mortgage Rates? At its three previous meetings, the central bank held rates steady in January, March, and again in May. How Much Home Can I Afford? Find your lowest mortgage rate. in May from 2.3%

FHA 203k rehab loan

The Mortgage Report

JULY 22, 2025

Getting Pre-Approved Down Payment Assistance Buying With Low Credit Buying With Low Income Buying With A Disability Who Has The Best Mortgage Rates? The central bank held rates steady at its four previous meetings in January, March, May, and June. How Much Home Can I Afford? in June from 2.4% in May and 2.3% in June from 2.4%

FHA 203k rehab loan

Housing Wire

JULY 16, 2021

So putting listings online in a portal,” said Carey Armstrong, who co-founded the company with Greg Schwartz, and ran Premier Agent at the Seattle real estate tech giant. To provide that competitive edge, Tomo claims to issue mortgage pre-approvals within hours – not days – and cut closing times to 21 days (the industry average is 47 days).

Lending