Housing Wire

JANUARY 14, 2025

If you live in one those states, leveling up your career might mean studying to become a Managing Broker or Principal Broker. Open bank and trust accounts Next, you’ll need to set up all the necessary business banking accounts and Trust accounts. Once you have completed your education, you can move on to the testing.

Brokerage

Housing Wire

JUNE 10, 2025

We built HELOC For Seniors to offer a better way forward, offering the financial flexibility associated with a line of credit, but without sharply rising payments that come with traditional bank HELOCs, or the higher base payments associated with closed-end second liens ,” he said. “So The product does not include a preset maturity date.

Equity

Housing Wire

NOVEMBER 15, 2024

A shift in Rocket Mortgage’s MSR strategy Through the third quarter, Rocket has already acquired or committed to over $70 billion in unpaid principal balance for its servicing portfolio —a 15% increase over year-end 2023. “Our scalable tech platform is what empowers us to navigate dynamic markets with agility.

Mortgages

Housing Wire

JULY 2, 2025

Robertson compares this model to commercial banking, where lenders account for asset value swings with thresholds that require borrowers to post additional collateral. “I The FHFA ‘s directive provides few details on how Fannie and Freddie will integrate crypto into risk models, underwrite loans or price collateral.

Mortgages

Housing Wire

MAY 19, 2025

Independent Mortgage Banks (IMBs) dominate the origination sector, accounting for over 80% of all new mortgages. The IMB or bank will aggregate a portfolio for several months and then sell their mortgage servicing rights to an MSR REIT, and the cash flows exchange hands again. That is a significant mismatch.

Mortgages

Housing Wire

APRIL 1, 2025

This is roughly in line with other proprietary product offerings in the space from companies such as Finance of America (FOA), Longbridge Financial , University Bank , Smartfi Home Loans and Nationwide Equities. The product line, known as SecureEquity, is available to homeowners as young as age 55.

Mortgages

The Close

NOVEMBER 7, 2024

Investing in real estate may seem as simple as buying a property and collecting money, but it is far more complicated than that. Don’t stop reading, though. I said it was complicated, not impossible! This beginner’s guide will help you understand how to invest in real estate successfully, one step at a time.

Hard money loan

Housing Wire

AUGUST 4, 2025

MCS is the right fit and the right partner, and this will allow our clients to benefit from an expanded vendor network and technology that supports many of the largest banks and servicers in the country. “MCS A press release from the companies said that the deal unites “two of the industry’s market leaders.”

Principal

The Close

NOVEMBER 25, 2024

This means picking the proper legal structure, like an LLC, registering your business, and setting up separate bank accounts. Before diving into the exciting world of house flipping, starting with a solid foundation is essential. To make this easier, I have a free template and seven essential steps on how to start a house flipping business.

House Flipping

Marco Santarelli

JANUARY 1, 2025

Mortgage rates are a hot topic for anyone looking to buy a home or refinance an existing mortgage. As of January 01, 2025, the average mortgage rate for a 30-year fixed loan is 7.01%. This rate is a significant factor that affects how much homebuyers will pay each month and the total cost of the loan over the long term.

Mortgages

Redfin

MARCH 31, 2025

But creating an organized and peaceful space for your kids doesn’t have to break the bank. If you’re a parent, you know the struggle: the constant battle against clutter feels never-ending. Before investing in any storage solutions, take a critical look at the existing belongings. Brittany Rodriguez, owner of B.

Design

The Mortgage Report

JUNE 17, 2025

These accounts are FDIC-insured for up to $250,000 per account holder, so your principal is protected even if the bank fails. With such a short window, preserving your principal is more important than chasing after higher returns. How Soon Can I Refinance? How Often Can I Refinance? It Is Worth Refinancing For 0.5%?

FHA 203k rehab loan

Rochester Real Estate

NOVEMBER 5, 2015

PITI stands for principal, interest, taxes, and insurance, which are the critical components of your monthly mortgage payment. PITI stands for principal, interest, taxes, and insurance, which are the critical components of your monthly mortgage payment. Lenders also consider this when assessing your ability to repay a mortgage.

Debt-to-income ratio

Redfin

MARCH 5, 2025

Below are some of the best ways to find an affordable home without breaking the bank. It suggests your mortgage payment should be no more than 28% of your gross monthly income , covering principal, interest, taxes, and insurance. The prices of homes these days makes one wonder if now is a good time to buy a house.

Debt-to-income ratio

Marco Santarelli

DECEMBER 26, 2024

Over time, mortgage payments are structured such that in the early years, a larger portion goes toward interest, gradually shifting more toward paying off the principal. If you're considering buying a new home or refinancing your current mortgage, understanding today's mortgage rates is crucial. How Do Mortgage Rates Work?

Mortgages

Marco Santarelli

MARCH 6, 2025

The central bank even started to hint at potential rate cuts. However, don't expect a sudden plunge back to those ultra-low pandemic rates we saw a few years ago. It's more nuanced than that, and understanding the details is key to making smart home buying decisions. Remember just a few years ago, during the peak of the pandemic?

Mortgages

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

JULY 8, 2025

For example, a smaller, regional bank might be more aggressive with its rates to gain market share in its local area compared to a national giant. You’re probably wondering where to snag the best deal on a mortgage. These states are seeing rate averages between 6.69% and 6.81%. Why Do Mortgage Rates Vary So Much by State?

Mortgages

Redfin

JUNE 13, 2025

rate, financing a $400,000 home with a typical 20% down payment, your monthly principal and interest would run about $2,050—compared to roughly $1,435 at a 4% rate (all else being equal). Even with experience under your belt, buying and selling at the same time can feel like a balancing act. In short, yes—and no. Example cost impact: At a 6.8%

Debt-to-income ratio

Marco Santarelli

MARCH 18, 2025

The Federal Reserve (also known as the Fed) is the central bank of the United States. One of the ways the Fed influences the economy is by setting the federal funds rate, which is the interest rate at which banks lend money to each other overnight. 15-Year Fixed Rates: Slightly up to 6.01%. 15-Year Fixed Rates: Slightly up to 6.01%.

Mortgages

Marco Santarelli

MARCH 20, 2025

Are you keeping an eye on mortgage rates? As of March 20, 2025, the mortgage market is showing a slight upward tick , with rates inching up for the second consecutive week. Despite this recent bump, it's important to remember that rates are still more favorable compared to where they stood this time last year.

Mortgages

Redfin

JULY 24, 2025

Reduces the mortgage principal, leading to lower monthly payments and total interest over time. Think of it this way: the less money you have to take out as a loan, the smaller the principal amount that your bank calculates your payments on. In this article, we will dissect the pros and cons of making a large down payment.

Principal

Marco Santarelli

APRIL 1, 2025

Refinance rates are also seeing a dip, although they generally remain a bit higher than purchase rates. Economic uncertainty continues to play a role in rate fluctuations. Experts suggest now might be a good time to consider buying as we head into the spring home-buying season. Let's dive into the specifics. This is a decrease of four basis points.

Fixed-rate mortgage

Marco Santarelli

MARCH 27, 2025

As of today, March 27, 2025, the landscape of mortgage rates shows minor fluctuations, with some rates nudging slightly upward while others saw a marginal decrease. VA Loans: Continue to offer potentially lower rates for eligible military-affiliated borrowers. The 30-year VA loan rate is at 6.14%. The 30-year FHA refinance rate is 6.18%.

Mortgages

Marco Santarelli

MARCH 17, 2025

Let's look at an example provided by Zillow: For a $300,000 mortgage at 6.59% with a 30-year term, your monthly payment for principal and interest alone would be around $1,914. Current Mortgage Rates on March 17, 2025 If you're shopping for a mortgage right now, it's crucial to know where interest rates stand.

Mortgages

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

Marco Santarelli

FEBRUARY 26, 2025

Are you glued to your screen, constantly refreshing to find out today's mortgage rates ? Well, breathe a sigh of relief, because there's a bit of good news! As of February 26, 2025, we've seen a welcome dip in mortgage rates. The average 30-year fixed-rate mortgage is currently sitting at 6.35%. Its not just one rate that matters.

Mortgages

AAOA

JULY 10, 2025

None of the units stack,” says David Fuchs, principal at Johnston Architects, which designed the building. Around a decade ago, Chad Dale watched as some of his friends started to leave Seattle. They wanted to stay in an urban environment, but the city was too expensive for them to have all the things that they wanted to have,” Dale says.

Investor

The Mortgage Report

AUGUST 5, 2025

After the draw period ends, you’ll enter the repayment period, which may last another 10 to 20 years, during which both principal and interest payments are due. How Soon Can I Refinance? How Often Can I Refinance? It Is Worth Refinancing For 0.5%? You may benefit from lower interest rates, but using your home as collateral carries risk.

FHA 203k rehab loan

Redfin

AUGUST 5, 2025

They usually come in two forms: Standalone construction loan: A short-term loan that finances the building phase; borrowers get a separate mortgage loan once the principal comes due. Repayment: You then begin making full principal and interest repayments. What is a jumbo construction loan?

Construction

AAOA

MAY 22, 2025

But heres the truth, you absolutely can buy an apartment , and you dont need millions in the bank to make it happen. For most people, the idea of owning an apartment complex feels out of reach. Something only large institutions or wealthy insiders can do. And like any business, success depends on how well its operated.

Due diligence

Marco Santarelli

AUGUST 1, 2025

Are you dreaming of owning a home but getting bogged down by the complexities of mortgage rates ? You're not alone! It can feel like deciphering a secret code, especially when those rates fluctuate like the weather. The level of competition among lenders in a given state can influence mortgage rates. In 2021, the Fed's bond-buying kept rates down.

Mortgages

Redfin

JULY 31, 2025

A primary residence (also known as a principal residence) is the home you live in for a majority of the time. A primary residence (also known as a principal residence) is the home you live in for a majority of the time. It affects your mortgage rates, insurance, taxes, and eligibility for homeowner benefits.

Principal

Marco Santarelli

JUNE 28, 2025

This amount includes principal, interest, property tax, and homeowners insurance, typical of fixed monthly payments. 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%.

Mortgages

Marco Santarelli

APRIL 27, 2025

Why Cash is King, Yesterday, Today, and Tomorrow Before we get specifically into 2025, let's chat about the timeless superpowers that come with buying property using your own money, no bank involved. Now, imagine you have the resources to just walk in, pick your spot, and pay for it right there and then, without needing a loan.

Finance

Marco Santarelli

APRIL 12, 2025

Inflation continues to be a concern, hovering above the central bank's target of 2%. As of April 12, 2025, mortgage rates have seen a noticeable increase , reflecting the current volatility in the market. The 30-year fixed mortgage rate rose to 6.90% , while the 15-year fixed rate is now 6.21%. due to ongoing economic conditions.

Mortgages

Marco Santarelli

JUNE 17, 2025

Borrowers pay only the interest for a specified time before repaying the principal. However, as the economic landscape has stabilized, these cuts have not continued, leading banks to keep mortgage rates steady. As of June 17, 2025, mortgage rates have remained stable, with the current average 30-year fixed mortgage rate at 6.93%.

Mortgages