Housing Wire

NOVEMBER 1, 2022

As mortgage rates hit 7% and above, loan officers are seeing new borrowers increasingly interested in options that can help reduce their initial mortgage payments. Temporary rate buydowns are not new, but many loan officers may not be familiar with the option. So what is a 2/1 rate buydown? Alternatives to a rate buydown.

Seller concession 461

Seller concession Loan Officer Closing costs Mortgages 461

Housing Wire

FEBRUARY 14, 2024

The second stage was pioneered by real estate agents that saw how hard the consumer experience was first-hand, so they created the PowerBuyer model to address those issues with less cost relative to iBuyers. This model is still expensive for homeowners because they are paying duplicate closing costs and leaseback fees.

Backup offer 440

Backup offer Loan Officer Home sale contingency Branding 440

Housing Wire

FEBRUARY 19, 2021

Look at comparable sales in the area and ask your agent to help you determine a right-sized bid that aligns with those numbers. Many lenders will re-check your credit just before closing on your loan. If there’s an error, report it to your loan officer as soon as possible. Credit problems. Problematic walkthroughs.

Loans 535

Loans Loan Officer Closing Closing costs 535

Housing Wire

MAY 25, 2023

Most real estate agents, builders and potential customers have no idea that this financing option exists to purchase homes,” he said. Few loan officers make the purchase product a main part of their business. Real estate agents, loan officers and builders can attract customers they have never captured before.

Loan Officer 411

Loan Officer Equity Finance Loans 411

Housing Wire

SEPTEMBER 30, 2021

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. This is sick, and I want it to end,” said Sharon Aubuchon, a RE/MAX Premier Realty agent in Prairie Village, Kansas a suburb of Kansas City. “It Kansas City, Missouri.

Marketing 370

Marketing Loan Officer Closing costs Inspection 370

Housing Wire

OCTOBER 20, 2023

And with millennials emerging as the largest generation of homebuyers in today’s market, comprising 28% of all homebuyers, real estate agents need to master social media or they might miss out. Sixty percent of agents surveyed believe that social media provides higher quality leads than the MLS.

Agents 427

Agents Lending Renovation Staging 427

Housing Wire

JANUARY 17, 2024

With this latest enhancement, homebuyers aged 62+ can participate in seller concessions for up to 6% of the sales price toward borrower origination fees, other closing costs, prepaid items, and discount points. The 6% limit also includes payment of the Up-Front Mortgage Insurance Premium (UFMIP).

Finance 477

Finance Seller concession Loan Officer Loans 477

Housing Wire

APRIL 12, 2023

Other challenges selected by mortgage professionals were relationships with real estate agents at 8.4%; competitiveness of rate sheet and underwriting problems at 5.8%; lender stability at 3.9%; competitiveness of product offerings at 1.9%. a loan officer in Washington noted.

Mortgages 410

Mortgages Loan Officer Marketing Seller concession 410

Housing Wire

FEBRUARY 1, 2023

“The streamlined process and certainty One-Time Close New Construction loans offer is unmatched and will set brokers up to be the hero with builders, real estate agents and contractors, and get their borrowers in their dream home,” Mat Ishbia , president and CEO of UWM, said in a statement.

Construction 411

Construction Loans Loan Officer New Construction 411

Housing Wire

JULY 4, 2024

The role of real estate and mortgage professionals In times like these, the role of real estate agents , brokerage owners and lenders becomes even more critical. The question is whether it is becoming less attainable or merely obscured by market noise and confusion. Change is constant, and as professionals, we must adapt.

Pre-qualification 469

Pre-qualification Pre-approval Seller concession Finance 469

HomeLight

JUNE 18, 2021

During the excitement of searching for a home and getting preapproved for a loan , closing costs may get overlooked. Many buyers tend to budget for their monthly mortgage payment and their down payment , but closing costs need to be considered in the equation as well. What are closing costs ?

Closing costs 105

Closing costs Closing Mortgages Title 105

HomeLight

JUNE 15, 2023

After finding their dream home and signing the purchase contract , most buyers feel on top of the world … until they see the Loan Estimate or preliminary closing statement (if buying in cash). Did the closing costs for the buyer in particular catch you by surprise? Step one: Talk to a few buyer's agents!

Closing costs 98

Closing costs Closing Title Inspection 98

Realtor.com

NOVEMBER 11, 2022

monkeybusinessimages/iStock No, it’s not leaping into buyer mode by picking out a real estate agent who has pretty homes, setting up a home inspection, and then moving in your sectional couch. Furthermore, lenders don’t just hand out loans to everyone who walks in their door. Step 3: Learn how a loan officer can help.

Pre-approval 131

Pre-approval Pre-qualification Debt-to-income ratio Loan Officer 131

Real Trends

NOVEMBER 11, 2022

As previously reported by HousingWire, Boise-based loan officer Blake Bianchi, founder and CEO at Future Mortgage, said he’s seen an increase in borrowers choosing a 2-1 temporary rate buydown. These loans are created to help the borrower avoid paying for mortgage insurance. This option is increasing in popularity.

Finance 113

Finance VA loan FHA loan Agents 113

Real Trends

NOVEMBER 2, 2022

As mortgage rates hit 7% and above, loan officers are seeing new borrowers increasingly interested in options that can help reduce their initial mortgage payments. Temporary rate buydowns are not new, but many loan officers may not be familiar with the option. So what is a 2/1 rate buydown? Alternatives to a rate buydown.

Seller concession 109

Seller concession Loan Officer Closing costs Mortgages 109

RIS Media

OCTOBER 21, 2020

Snap mobile application, offering real-time title transaction information to real estate agents. With the new release, the app has been upgraded to give real estate agents access to real-time transaction status and documents. – Obtain address and driving directions for closing locations. – Rent vs. Buy Calculations.

Title 98

Title Loan Officer Closing costs Branding 98

Realty Biz

MARCH 9, 2021

Provided that the ratio is 50% or less, then the borrowers will have a good chance of getting approved for the loan. Some lenders may have loan overlays that require reserves of 3 to 6 months worth of mortgage payments. Each lender will be slightly different in this regard and your loan officer can explain these differences to you.

Pre-approval 144

Pre-approval Earnest money deposit Debt-to-income ratio Loans 144

RIS Media

JUNE 1, 2021

.” Today, she works as a real estate agent for Bakersfield, California-based Watson Realty, covering Kern and Fresno counties. That’s why she became a new agent instructor at her firm, helping educate new agents about what it takes to be successful. .

Closing costs 96

Closing costs Loan Officer Loans Mortgages 96

HomeLight

NOVEMBER 10, 2021

Due to its popularity and coastlines, the cost of housing in Florida can be exceptionally high, but that also depends on where you’re searching. The nationwide demand for housing has also increased during the coronavirus pandemic, pushing up housing costs even more. Forgivable loans for first-time Florida homebuyers.

Closing costs 116

Closing costs Loans Earnest money deposit Purchase and sale agreement 116

HomeLight

JUNE 20, 2023

In this post, we’ll show you what to bring and what you’ll need to sign to close the deal. Connect with a Top Agent to Sail Through to Closing Working with a top agent can help you get to closing day faster — and get you more for your home sale. Get Started What can home sellers expect on closing day?

Closing 98

Closing Purchase and sale agreement Title Title search 98

Realty Biz

JANUARY 19, 2024

Interviewing and selecting a buyer's agent and choosing a mortgage lender and real estate attorney are vital steps. It takes a special loan officer who knows exactly how to work through these issues to help make their first purchase go smoothly Calculating Your Budget Determining your budget is a crucial step in the home-buying process.

Debt-to-income ratio 100

Debt-to-income ratio Pre-approval Purchase and sale agreement Inspection 100

Real Trends

JANUARY 4, 2023

The pandemic brought a wave of new real estate agents to the industry. Many of those new agents reaped the benefits. But since then, interest rates have soared, and agents are navigating a historic decline in the market. Those buyers are looking for education and guidance from their agents. The good news?

Closing costs 87

Closing costs Inspection Title Agents 87

HomeLight

JANUARY 27, 2021

But there’s so much to keep track of along the way: hiring an agent, getting a mortgage, making offers, and closing the deal. We tapped the expertise of top Illinois real estate agent Jen Ortman , who walked us through some of her best advice for buyers. Hiring an agent. Hiring an agent is a big deal.

Closing costs 119

Closing costs Inspection Loans Earnest money deposit 119

HomeLight

JUNE 19, 2023

We talked to top real estate agent Claire Paris , who completes 14% more transactions than the average agent in Portland, Oregon , to walk us through what buyers can expect from down payment assistance programs and how you can find one in your area. What about loan programs?

FHA loan 105

FHA loan Closing costs Loans VA loan 105

HomeLight

JULY 25, 2022

Of all the expenses that come with buying a house, prepaid costs often take buyers by surprise and aren’t as talked about as down payments or closing costs. These costs differ slightly from closing costs and will be laid out in your mortgage Loan Estimate and Closing Disclosure.

Closing costs 115

Closing costs Earnest money deposit Loans Closing 115

HomeLight

SEPTEMBER 8, 2020

There are a lot of costs you have to worry about, such as the down payment , closing costs , your monthly mortgage amount , and more. The Freddie Mac Home Possible loan is designed for buyers with lower credit scores. Working with a top agent can save you money. The best real estate agents are top negotiators.

Inspection 98

Inspection Closing costs Debt-to-income ratio Title 98

HomeLight

OCTOBER 5, 2020

According to Melanie Hunt , a top-selling real estate agent in Fort Worth, Texas , who has sold 74% more single-family homes than the average area agent, “Getting a preapproval is one of the most important things a buyer can do to improve their odds of securing a short sale.” And it’s even better if you can get pre-underwritten.

Short sale 97

Short sale Sales Pre-approval Pre-qualification 97

HomeLight

MARCH 2, 2023

If you’re shopping for a home in San Diego, a trusted buyer’s agent is a key member of your team. HomeLight analyzes millions of transactions and thousands of reviews to find you a proven, top-performing agent in just under two minutes. Find a Buyer's Agent What will it cost to buy a home in San Diego?

Closing 118

Closing Earnest money deposit Sales Inspection 118

HomeLight

NOVEMBER 29, 2021

Agents say the ongoing demand for houses is being heavily driven by people fleeing more expensive areas of the country. While most people have heard that 20% down is some kind of standard, many are unaware that it is possible to buy a home with as little as 3% down — or even no money down, depending on the loan requirements.

Earnest money deposit 110

Earnest money deposit FHA loan Purchase and sale agreement Inspection 110

HomeLight

OCTOBER 15, 2020

First, be aware that you can only get a USDA loan for a house in certain eligible areas that the government deems “rural,” so make sure your area is included; a real estate agent with experience in USDA loans can help. For a USDA loan, you should have a minimum FICO score of 640. Submit the loan application.

Loans 85

Loans Purchase and sale agreement Loan Officer Debt-to-income ratio 85

HomeLight

AUGUST 31, 2021

It’s a DIY world, and she secured her loan ( with an equally awesome rate ) by going direct through her bank. a bank, credit union, or business like HomeLight Home Loans ) that offers direct funding to a borrower for a home purchase. A note about lenders, brokers, and no-closing-cost loans. Decisions, decisions.

Mortgages 97

Mortgages Closing costs Loans Banks 97

HomeLight

OCTOBER 1, 2020

During those weeks prior to getting the green light and being clear to close, there are quite a few things that need to happen first. The very first step that must take place before a loan officer can submit your application for processing is that the seller must accept your offer. Closing date. Closing costs.

Closing 97

Closing Purchase and sale agreement Inspection Loans 97

HomeLight

MARCH 16, 2023

“I think one of the biggest pros to purchasing in the spring is that there tends to be more inventory to choose from,” says Amy Cherry Taylor , a Fredericksburg, Virginia-based real estate agent with two decades of experience. Find a Top Buyer's Agent for All Seasons HomeLight can connect you with top agents in your selected market.

Closing costs 105

Closing costs Closing Agents As-is 105

HomeLight

MARCH 6, 2023

With the help of top Bay Area agent Carl Medford , who has 22 years of experience and specializes in helping first-time homebuyers, we’ve put together a comprehensive guide that breaks down all the ins and outs of buying a house in the Bay Area. down payment and/or closing cost assistance. Loans are between 3%-3.5%

Earnest money deposit 110

Earnest money deposit Closing Sales Title 110

Realtor.com

APRIL 8, 2021

Financial assistance for down payments, closing costs, and more in California. In addition to affordable loans, the California Housing Finance Agency also offers a variety of financial assistance programs that can be combined with their loans that help lower the costs of a mortgage even further.

Debt-to-income ratio 95

Debt-to-income ratio Loans Closing costs FHA loan 95

HomeLight

OCTOBER 29, 2021

The closing process fills several weeks as you navigate through multiple steps to make it to the closing table. Whether you’re a first-time buyer or have been through closing several times, it’s easy to overlook a step or miss a deadline. It’s essential to stay on top of events leading up to the closing.

Closing 111

Closing Inspection Title Due diligence 111

HomeLight

APRIL 29, 2022

You can skip staging and repairs, and sell without agent commissions or upfront selling costs. Close in as little as 10 days. No hidden fees or agent commission costs, and requesting a no-obligation offer is free. The offer may be less than if you sell with an agent. Request Cash Offer.

Purchase and sale agreement 105

Purchase and sale agreement Closing costs Closing Staging 105