Redfin

JULY 9, 2025

Getting pre-approved for a mortgage is one of the first steps in the homebuying journey. But if you’re ready to start shopping for a home, you might be wondering: how long does it take to get pre-approved for a mortgage? What is mortgage pre-approval? Why it matters: It helps you set a realistic budget.

Pre-approval

AAOA

APRIL 3, 2025

From tracking rent payments and expenses to handling invoices and bank reconciliation, your accounting practices can make or break your efficiency. Lets dive into four essential practicesautomated payables, pre-set approval rules, batch management, and bank reconciliationto see if you are making your business easier or harder.

Pre-approval

Redfin

APRIL 4, 2025

Whether you’re selling a home in Denver, CO or a condo in Phoenix, AZ , a pre-listing appraisal can provide an accurate estimate of your homes value before it hits the market. What is a pre-listing appraisal? A pre-listing appraisal is a professional estimate of your homes value, completed before you put it on the market.

Pre-approval

Toronto Realty Blog

FEBRUARY 20, 2025

In order to build a condominium in Ontario, the developer will pre-sell units, that don’t yet exist, and when a certain threshold is met (ie. 80%), one of the major banks will finance the project and give the go-ahead to begin construction. A condominium is a corporation. ” But what happens in the interim? Sure thing!

Development

Redfin

MARCH 4, 2025

Key takeaways A foreclosed home means the buyer can no longer make payments and the bank has taken the house. There are several types of foreclosure sales – auctions, bank-owned properties, government-owned properties, preforeclosures, and short sales. If the auction accepts financing, make sure you have a pre-approval ready.

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? How Soon Can I Refinance? How Often Can I Refinance?

Equity

Marco Santarelli

MAY 27, 2025

States With Lowest Mortgage Rates Today May, 27 2025 Why Do Mortgage Rates Vary So Much by State? It's a fair question. Why does where you live impact how much you pay for your mortgage? The truth is, several factors are at play. It's not just about the overall economic climate; localized conditions matter, too.

Mortgages

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

Marco Santarelli

APRIL 29, 2025

But in September, the central bank announced a first rate cut of 0.50 But in September, the central bank announced a first rate cut of 0.50 These states are currently showing averages between 6.76% and 6.83%. If you are buying property in these states then congratulations, this is indeed good news for you. This is important.

Mortgages

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. While some minor fluctuations are always possible, major relief isn't anticipated this year. But don't lose hope!

Mortgages

BAM Media

JUNE 24, 2025

If the MLS says “Include pre-approval and buyer financials,” don’t just send over an agreement with nothing attached. I’ve seen bank statements with no names. And if you’re guilty of even one of them, it’s probably costing you listings, referrals , and repeat business. Let’s fix that. Pros don’t wing it. No “Heyyyy!”

Agents

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. How Much Home Can I Afford? How Soon Can I Refinance? How Often Can I Refinance?

FHA 203k rehab loan

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? How Much Home Can I Afford? How Soon Can I Refinance? How Often Can I Refinance? It Is Worth Refinancing For 0.5%? Are these approaches worth it? Which strategies are best for you?

FHA 203k rehab loan

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. The prices of homes these days makes one wonder if now is a good time to buy a house.

Debt-to-income ratio

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? How Soon Can I Refinance?

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. In March 2025, we saw a surprising increase in the purchase of newly built homes, showing resilience in the face of wavering consumer confidence. This is a significant 7.4% jump from February's revised rate of 674,000. People are tired of waiting.

Sales

Redfin

JULY 30, 2025

Buying your first home is an exciting milestone, from browsing listings on Redfin and touring open houses to imagining life in your new space. But the buying process also raises plenty of questions, and that’s totally normal. If you’re wondering what to expect, you’re not alone. Getting started: Are you ready to buy a home?

Pre-approval

Redfin

JUNE 13, 2025

Even with experience under your belt, buying and selling at the same time can feel like a balancing act. In this article: Is it harder to buy a house the second time? How to buy your second house Step 1: Reassess finances Step 2: Sell first or buy first? How to buy your second house Step 1: Reassess finances Step 2: Sell first or buy first?

Debt-to-income ratio

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

A bad score could lower your chances of being approved for a mortgage or result in a higher interest rate on your approved loan. Your bank statements from the past two years. Are you interested in purchasing a home but not sure if you’ll be able to in your current financial situation?

Pre-approval

Toronto Realty Blog

JULY 21, 2025

Sure, they could probably pull the equity from the condo in the form of a HELOC to use as a down payment for the house, but they don’t want to, and the bank doesn’t want them to either. But my question is this: Should a Plan-B be forged along with a Plan-A? ” This is a classic. Is this any different?

Marketing

The Close

NOVEMBER 12, 2024

This article breaks down seven steps to help you learn how to buy land—covering everything from the pros and cons to financing and closing the sale. Let’s get into it! Step 1: Prepare Before Purchasing Land When you’re thinking about buying land, getting prepped is essential. Check access: Make sure you have legal access to the land.

Land

The Mortgage Report

AUGUST 1, 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? Renovation funds are then released in stages (“draws”) as your project reaches pre-agreed milestones. How Much Home Can I Afford? How Soon Can I Refinance? In this article (Skip to.)

Renovation

The Close

JULY 28, 2025

Portfolio lenders can be an excellent financing option if you’re looking for a source of funding that you can’t get anywhere else, whether it’s because you can’t get approved, or you’re just flat out looking for uncommon terms. You see, portfolio lenders retain loans in-house so they don’t have to worry about third-party requirements.

Pre-qualification

Marco Santarelli

FEBRUARY 7, 2025

Let's delve into the critical factors that set the 2025 housing market apart from the pre-crash era. Let's delve into the critical factors that set the 2025 housing market apart from the pre-crash era. Banks are much more cautious about who they lend to, requiring higher credit scores and larger down payments.

Pre-approval

Rochester Real Estate

NOVEMBER 5, 2015

The first step to buying a house in New York is to assess your financial readiness and get pre-approved for a mortgage. The first step to buying a house in New York is to assess your financial readiness and get pre-approved for a mortgage. But studying the market is not enough.

Purchase and sale agreement

Redfin

JULY 2, 2025

Probationary period If your new job has a probationary or trial period, lenders may wait until it’s over before approving your mortgage. Some may approve with conditions or ask for additional income documentation. If you’re wondering Can I get a mortgage if I just started a new job?,

Pre-approval

Norada Real Estate

JUNE 20, 2025

Their decisions on interest rates directly influence the rates banks charge for borrowing money, which then trickles down to mortgage rates. As of June 20, 2025, today's mortgage rates have seen adjustments, with the average 30-year fixed mortgage rate rising to 7.00% , up by 5 basis points from the previous day.

Mortgages

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? How Soon Can I Refinance? How Often Can I Refinance?

FHA 203k rehab loan

Redfin

JULY 31, 2025

Even if you can afford the payments, adding new debt may reduce your loan approval or lead to higher interest rates. Key takeaways: Preparation is everything: Strong financial health sets the foundation for a successful purchase. Lean on trusted experts: A great real estate agent, lender, and the right loan choice are key.

VA loan

Marco Santarelli

JUNE 28, 2025

As of June 28, 2025, the average 30-year fixed mortgage rate has decreased to 6.74% , down from 6.75% in the previous week. This decline represents a drop of 17 basis points from last week’s average of 6.91%. The 15-year fixed mortgage rate has fallen to 5.74%. Understanding what influences these rates can help you when entering the market.

Mortgages

Marco Santarelli

JULY 11, 2025

The central bank manages monetary policy by setting the federal funds rate. They serve as a good starting point. However, it's vital to remember that these are averages, and your individual rate will differ. Why the Rate Discrepancy Between States? As I mentioned, various factors cause mortgage rates to fluctuate across states.

Mortgages

Marco Santarelli

JULY 8, 2025

This rate influences what banks charge each other for short-term loans, and that ripples out to affect other interest rates, including mortgage rates. Mortgage Rate Predictions for the Next 30 Days: What to Expect Recent Trends: A Glimmer of Hope? Here's some good news! That's a welcome change and the fifth consecutive week of decline.

Mortgages

Housing Wire

APRIL 21, 2025

” Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks were largely profitable in 2024 , according to Mortgage Bankers Association data, but that came on the heels of two straight years with net losses for the IMB segment. “With self-employed individuals making up over 10% of the U.S.

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. What is PITI?

Debt-to-income ratio

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. Let’s get started. FAQs Do you qualify as a first-time homebuyer?

Debt-to-income ratio

The Mortgage Report

JULY 28, 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? How Much Home Can I Afford? How Soon Can I Refinance? How Often Can I Refinance? It Is Worth Refinancing For 0.5%? Time to make a move? Data from the U.S.

FHA 203k rehab loan