Realtor.com

JANUARY 16, 2023

. “While you do not ‘need’ a pre-approval letter from your lender in order for your offer to be accepted, I highly recommend all of my buyers present it,” says Denise Shur , a Realtor® with 1:1 Realty in San Jose, CA. ” What is mortgage pre-approval? .”

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Mortgage pre-approval letter Pre-approval Pre-qualification Mortgages 98

Lighter Side of Real Estate

SEPTEMBER 12, 2023

If you’ve been searching for a house for any amount of time, you’re probably well aware of how important it is to get a mortgage pre-approval before you even start looking at houses, or at least as early on in the process as possible. When Should You Update Your Pre-approval? Pre-approvals aren’t good forever.

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HomeLight

OCTOBER 27, 2020

Do you know the difference between pre approval vs pre qualified when it comes to mortgage loans? Marcus Rittman, director of mortgage operations at HomeLight Home Loans, has seen that “the catalyst for most homeowners wanting to get approved for a mortgage is finding a home that they love.”

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Toronto Realty Blog

OCTOBER 19, 2022

Should Prospective Tenants Be “Approved” Before Viewing Properties? That’s what many agents and landlords are calling it. Here’s an example: I don’t know how any tenants can be “pre-approved” without it being discriminatory in some way. Screening them.

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First Team Real Estate

AUGUST 31, 2020

If you’ve read any tips for homebuyers then chances are you’ve heard that you need to get pre-approved for a mortgage loan. The question is – how exactly do you get the pre-approval? Here are the steps you need to take to get pre-approved for a mortgage loan and the most important facts you need to get you there.

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Housing Wire

OCTOBER 9, 2023

If you’re interested in becoming a real estate agent in Illinois, you’ll be happy to hear that the path to getting your real estate license in the Prairie State doesn’t require as much of a time commitment as other states. The actual professionals who many states call “brokers,” however, are called “managing brokers” in Illinois.

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Housing Wire

FEBRUARY 14, 2024

If you’re new to real estate, you must complete a state-approved course and pass your state’s licensing exam. Aceable Agent is an online real estate school that offers self-paced real estate courses designed for mobile app and web. The number of required class hours varies according to state law. Free trial. Proprietary Leap 2.0

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Windemere Buying

FEBRUARY 24, 2021

To set yourself up for a smooth and successful home purchase , getting pre-approved is perhaps the most productive first step you can take. The Pre-Approval Process There is an important distinction to made between two important steps of your mortgage application process: pre-qualification and pre-approval.

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Windemere Buying

JUNE 7, 2021

Getting pre-approved is a great first step for buyers, but there can be a number of hurdles in the process. Pre-approval is broken down into two steps: pre-qualification and pre-approval. Large cash purchases decrease a buyer’s cash-readiness from the time when they were pre-approved.

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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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Housing Wire

FEBRUARY 4, 2021

Need a real estate agent? Get pre-approved before beginning your home search. A mortgage pre-approval is non-negotiable in this environment. When faced with multiple bids, pre-approved ones are typically stand-outs, indicating a buyer is prepared, ready to buy and a safe bet to follow through with the deal.

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RIS Media

MARCH 25, 2021

If you’re just starting out with the home-buying process, you may want to get a mortgage pre-approval. This is a statement from a lender that informs you of a certain amount you are qualified to borrow, as well as a specific pre-approved interest rate. Not only will this help you, but to sellers and agents as well.

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Housing Wire

SEPTEMBER 21, 2023

The PowerVP app will create new loans; invite customers to complete a digital mortgage; send a one-click conditional approval letter; lock in rates ; obtain real-time pricing and run a credit report, the company said in a release. Agents submitting an offer at 8:30pm?

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Housing Wire

JUNE 3, 2024

We are eager to see the profound impact Roof Pro will have on the interactions and efficiencies of our broker partners, their agents , and customers.” The core skills of Roof AI revolve around functions such as searching for properties, finding an agent and starting the mortgage financing process. “We

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Housing Wire

AUGUST 24, 2022

Buyers can qualify for Tomo appraisal coverage by having an underwritten pre-approval from Tomo Mortgage before making the offer, a minimum of a 10% down payment, and are working with a Tomo partner agent who runs the property address through a verification process with Tomo before placing the offer.

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Housing Wire

OCTOBER 1, 2020

Effective Thursday, homebuyers on Realtor.com who say they wish to be pre-approved for a mortgage will see an advertisement from Rocket Mortgage that will allow them to receive pre-approval in as little as 20 minutes. It’s being rolled out in hundreds of test markets. “They think, ‘I want to buy a home.’

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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.

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Housing Wire

JULY 12, 2024

State law requires you to complete a 40-hour course at an approved Massachusetts real estate school to begin the process. Complete a 40-hour prelicensing course Before you can sit for the Massachusetts real estate licensing exam, you must complete 40 hours of approved prelicensing education.

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Housing Wire

MARCH 27, 2024

But for Real, which runs a virtual brokerage model with revenue sharing for its agents, the goal is to get better, not necessarily bigger. What I am really grateful for is that we are not just seeing agent growth, but based on the rankings we have had significant transaction and volume growth.” and Canada.

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Housing Wire

JANUARY 31, 2023

Even if I write seven pre-approvals a day, when there is one house and there’s 20 people that want to buy the same house, we still can’t do a lot of deals,” Marquis said. I know that sounds crazy, but we have a lot of clients reaching out for pre-approvals. But [production] levels are not pre-pandemic.

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Housing Wire

APRIL 8, 2021

Get pre-approved to show you mean business: Consider obtaining a pre-approval for a mortgage from a lender by the time you reach the offer stage, as this document can play a key role in the negotiation process. If they have a working relationship, they can usually get those things done pretty quickly.”.

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BAM Media

AUGUST 7, 2024

When it comes to the NAR settlement —based on a survey that was done with BAM and 1000watt—77% of sellers are willing to offer buyer agent compensation outside of the MLS. What that means is you have to be ready to talk about the positives for a seller to offer compensation to the buyer agent. And we want to engage all the agents.

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Lighter Side of Real Estate

JULY 20, 2022

You can go from watching one agent helping a couple buy their first home on a shoe-string budget, to another helping a family who just won the lottery buying a home bigger than they ever hoped for in the blink of an eye. But that’s about where the reality of being a real estate agent ends when it comes to real estate reality shows!

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Realtor.com

NOVEMBER 28, 2022

designer491/Shutterstock What is a pre-qualification letter? I tell most people they can take that pre-qualification letter and throw it in the trash,” says Patty Arvielo , a mortgage banker and president and founder of New American Funding, in Tustin, CA. So is it worth pursuing pre-qualification before bidding on a house?

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Housing Wire

NOVEMBER 2, 2021

KSCORE is a fully-digital real estate training program that will offer state approved pre-licensing courses, as well as continuing education opportunities for existing agents. Through our programs we teach agents how to stay in touch with clients and how to serves them at the highest level. According to U.S.

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HomeLight

FEBRUARY 16, 2024

From getting pre-approved for your mortgage to offering flexible closing dates, these strategies are designed to put you in a stronger position. Partner With a Top Buyer’s Agent to Guide You HomeLight can connect you with a top-rated local real estate agent familiar with non-contingent offers. Get Started 1.

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Realty Biz

SEPTEMBER 23, 2023

Are you wondering what to ask a buyer's agent before hiring them? Buyer agents play a crucial role in real estate transactions. Understanding the difference between buyer and seller's agents and how buyer's agents are compensated is essential. A few types of real estate agents are vital to understand.

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Housing Wire

JUNE 25, 2021

Get Pre-Approved. Being pre-approved means a lender has agreed to let you borrow money for the home. To get pre-approved, a lender will take a good look at your finances. You should also consider having a pre-approval letter, which provides the specific mortgage amount you can afford based on your finances.

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HomeLight

SEPTEMBER 23, 2024

Read on for details about the different stages of the foreclosure process (including the possibility of snagging a great deal during the pre-foreclosure stage , or after a home has failed at auction), how to find local foreclosure auctions, and what to do so that you’re prepared when you attend. Our service is 100% free, with no catch.

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Housing Wire

APRIL 4, 2022

22, according to the news release.The move allows Redfin agents in 91 markets to begin referring customers to one of 400 local Bay Equity loan officers as of Monday. Loan officers will continue “originating refinance and purchase loans for customers working with Redfin agents as well as customers working with other brokerages.”.

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Keeping Current Matters

OCTOBER 29, 2021

When you’re ready, lean on your agent to connect you with a lender so you can get pre-approved and begin your home search. Applying for a mortgage is a big step towards homeownership , but it doesn’t need to be one you fear. Here are some tips to help you prepare. Know your credit score and work to build strong credit.

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Pre-approval Mortgages Agents 277

Housing Wire

MARCH 29, 2023

While lower cost of capital will likely bring buyers back in a meaningful way, the latest market instability and the Federal Reserve ’s federal funds rate hike will stress a lot of real estate agents, mortgage advisors and lenders to the core, said Daniel Arias, loan officer at We Fund LA , a division of New American Funding.

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Realty Biz

MARCH 17, 2021

Real estate agents are there to facilitate home purchases, whether you’re representing buyers or sellers. Here are a few ways real estate agents can aid homebuyers. . Too many real estate agents ask people to describe their dream home and nothing else. Explain the difference between pre-qualified and pre-approved.

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Housing Wire

DECEMBER 20, 2023

Real estate agents and brokers , are you relying solely on that buyer drip you set up for your motivated and qualified clients? Your home for my pre-approved, highly motivated buyer clients who are looking only in 12 Trees and need at least 3 bedrooms. Has the drip run dry? “Wanted! Flexible closing date!”

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Housing Wire

JANUARY 26, 2022

increase in CPL/agent validation errors with title insurers versus the 12-month average and a 2.4% increase in state licensing issues among closing agents versus the 2021 average. Efficiencies will be needed to catch issues in title workflows pre-closing, to help reduce post-close and trailing document costs and inefficiencies.

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BubbleInfo

MAY 9, 2024

A new $3,000,000+ listing hit the MLS this week that was offering a 1/2% commission to the buyer’s agent. They also noted that to show the property, buyer-agents needed to submit proof of funds (bank statement) and pre-approval letter plus a 24-hour notice was required.

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Lighter Side of Real Estate

JULY 26, 2024

While some of those folks likely chose to rent instead of buying, many of them might not have been aware that they could qualify for a mortgage, and would have chosen to buy if they’d simply gotten pre-approved and knew they could. Look past your fear of rejection and reach out to a lender to get pre-approved!

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