Housing Wire

JUNE 24, 2025

Rocket Mortgage , the home lending arm of Rocket Companies , announced Tuesday it will now offer bridge loans , a short-term financing option that helps homeowners tap into their equity while selling their current property. In terms of pricing, the product is similar to a traditional closed-end second mortgage.

Loans

Housing Wire

NOVEMBER 6, 2024

Wehmann added that, after the change, “FICO’s share will remain only approximately two-tenths of one percent” of the total average closing costs of $6,000. per score for mortgage originations. ” “At $4.95 “Importantly, after our upcoming royalty change, all amounts above $4.95 ” “At $4.95

Closing costs

Redfin

FEBRUARY 18, 2025

Can you roll closing costs into your mortgage? Basically, folding your closing costs into your loan means you’ll need less cash upfront at closing. Your lender can explain their specific policies, the rules around this practice, and which costs are eligible to be rolled into the mortgage.

Closing costs

Housing Wire

JULY 11, 2025

Build a professional referral network Partnering up with agents and brokerages is a no-brainer for mortgage professionals, as you both need to work in tandem to get a deal closed. Purchasing leads can cost anywhere from $20 to $150 per lead, depending on the lead generation company you choose. Check out LendingTree.

Mortgages

Housing Wire

FEBRUARY 19, 2025

Ill share everything you need to keep the homebuying process running smoothly from your first meeting to closing and beyond. From choosing a property to navigating the closing process, youll need to do a deep dive into their wants, needs, and deal breakers. This is when your buyers need you the most. Have you spoken to a lender?

Closing

Redfin

JUNE 5, 2025

Many cash buyers assume that by sidestepping a home loan, they also bypass the complex array of fees associated with closing. However, this is a common misconception.The truth is, even when you pay cash for a house, closing costs are a fundamental part of the transaction. This is a vital safeguard for your investment.

Closing costs

HomeLight

MAY 14, 2025

Real estate attorneys are not considered essential for closing in the state of Vermont. Looking to sell a house as is” in Vermont? Whether youve got a fixer-upper or recently inherited a relatives home, sometimes the goal is to skip repairs, get a fair offer, and move on. Sometimes, its a home that does not need a lot of work.

As-is

HomeLight

MAY 15, 2025

Real estate attorneys are considered essential for closing in the state of Massachusetts. Looking to sell a house as is in Plymouth? Whether youve got a fixer-upper or recently inherited a relatives home, sometimes the goal is to skip repairs, get a fair offer, and move on. Older people want to get closer to their kids and grandkids.

As-is

HomeLight

JULY 29, 2025

Real estate attorneys are not considered essential for closing in Minnesota Real estate transfer taxes? Looking into selling a house “as is” in Minneapolis? Whether you’re dealing with a fixer-upper or an inherited property, your priority might be to avoid repairs, secure a fair offer, and move forward quickly. “As-is

As-is

HomeLight

JULY 23, 2025

Real estate attorneys are considered essential for closing in the state of South Carolina. Looking to sell a house “as is” in South Carolina? Whether you’ve got a fixer-upper or recently inherited a loved one’s home, sometimes you’d prefer to skip repairs, get a fair offer, and move on without hassle. Yes Is a real estate attorney required?

As-is

BAM Media

DECEMBER 19, 2024

We have a pretty good sense by now of what experts are predicting about 2025. Now, lets get into what consumers think. With home prices expected to rise, mortgage rates still in flux, and buyers and sellers split on key market dynamics, next year is shaping up to be anything but predictable.

Marketing

HomeLight

APRIL 2, 2025

Real estate attorneys are not essential for closing. Still, they are often hired by escrow agents and title companies to prepare closing documents due to Hawaiis history of land division and recording procedures and its implications on modern real estate practices. Looking to sell a house as is in Hawaii? I don’t think so.

As-is

HomeLight

MARCH 7, 2025

There’s the “as-is” where the seller knows they have a very marketable piece of property, and they just want a clean contract all the way through closing, says Ryan Hvizda , a top-selling real estate agent in New Hampshire and an expert in the single-family homes market. Looking to sell a house as is in New Hampshire?

As-is

HomeLight

MARCH 7, 2025

Looking to sell a house as is in Princeton? Whether youve got a fixer-upper or recently inherited a relatives home, sometimes the goal is to skip repairs, get a fair offer, and move on. Its important to note that selling a house as is usually means accepting a lower offer, and it doesnt always prevent buyers from trying to negotiate savings.

As-is

The Close

NOVEMBER 25, 2024

However, it’s undeniable that the upfront costs can be pricey. Multifamily mortgage loans typically require 20% of the property price for a down payment, and there are inevitable maintenance and property management costs. Looking for your next big investment? You’re on the right page! What Is Multifamily Property?

Purchase and sale agreement

HomeLight

MAY 8, 2025

Real estate attorneys are not considered essential for closing in the state of Maine Real estate transfer taxes? Real estate attorneys are not considered essential for closing in the state of Maine Real estate transfer taxes? Looking to sell a house ”as is” in Maine? Other times, somebody may have passed away.

As-is

Marco Santarelli

JANUARY 1, 2025

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. 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%.

Mortgages

Rochester Real Estate

NOVEMBER 5, 2015

This process involves transferring the property to a buyer with available funds, eliminating the need for mortgage financing. Unlike traditional real estate transactions, cash sales typically involve a quicker closing timeline, as there is no need to wait for mortgage approval. The answer is it depends.

As-is

Marco Santarelli

DECEMBER 29, 2024

This comment underscores the unpredictability of mortgage rates in relation to federal monetary policy, as the anticipated cuts did not result in a decrease in mortgage costs. Each point typically costs 1% of your loan amount and can reduce your mortgage's interest rate by about 0.25%. Mortgage Points: A Smart Investment?

Mortgages

The Close

NOVEMBER 25, 2024

I’ll walk you through everything from figuring out if this strategy suits you to finding listings and ultimately closing the deal on the property. However, there are also some downsides, like dealing with homeowners who aren’t very cooperative and having a longer closing process. What Is a Preforeclosure Property?

Hard money loan

Marco Santarelli

DECEMBER 31, 2024

The cost of living rises, leading to interest hikes as lenders seek to protect their investments. As of December 31, 2024, mortgage rates have displayed a noteworthy decrease across various terms, bringing both hope and opportunity to prospective homebuyers and those considering refinancing their existing mortgages.

Mortgages

Toronto Realty Blog

DECEMBER 9, 2024

Whether it was delays, deficiencies, material changes, closing costs, the occupancy period, or eventually – prices , I started writing about this in 2008 or 2009. TorontoRealtyBlog Let’s start today’s discussion with an analogy, shall we? You saw something; but only you. ” I know some of you can relate.

Construction

Redfin

MARCH 26, 2025

When buying a home, few clauses are as important, or as misunderstood, as the financing contingency. Whether its your first time buying a home in Seattle, WA or youre looking to invest in a condo in Austin, TX , understanding how a financing contingency works can help you navigate the process and avoid costly mistakes.

Finance

Marco Santarelli

MARCH 7, 2025

Importantly, these payments do not include property taxes, homeowner's insurance, or mortgage insurance, which could impact your overall monthly costs. Mortgage rates have indeed plunged to their lowest points this year on March 7, 2025, signaling a moment of opportunity for prospective homeowners and those looking to refinance.

Mortgages

HomeLight

MARCH 12, 2025

Real estate attorneys are not considered essential for closing in the state of Nevada Real estate transfer taxes? Thinking about selling a house as is in Nevada? Whether youve got a fixer-upper or recently inherited a relatives home, sometimes you just want to sell the home quickly, skipping the hassle of repairs and scheduling showings.

As-is

AAOA

APRIL 14, 2025

Down payments for apartment buildings usually range between 20% and 30%, but the exact amount depends on factors like your credit score, property type, and financing options. Understanding how these elements influence your upfront costs is crucial for smart investment planning. They impact your loan terms and monthly payments.

FHA loan

HomeLight

APRIL 9, 2025

This short-term financing option helps you buy your new home before your current one sells, giving you a little more control in a stressful situation. It gives you access to the equity in your existing home so you can cover a down payment and closing costs on your new purchase without waiting for your old house to sell.

Equity

Marco Santarelli

DECEMBER 22, 2024

Understanding these rates and how they can impact your financial decisions is crucial as you navigate your home financing options. Understanding these rates and how they can impact your financial decisions is crucial as you navigate your home financing options. Higher credit scores typically lead to lower interest rates.

Mortgages

Redfin

JULY 18, 2025

Closing costs In addition to your down payment, plan for closing costs , which typically range from 2% to 5% of the purchase price. Make sure to estimate these totals so you’re not stretching your finances too thin. Just remember: a lower down payment usually means higher monthly payments.

Pre-approval

Rochester Real Estate

NOVEMBER 5, 2015

Top Mortgage Blogs From 2017 Best Mortgage & Home Financing Blogs From 2017 We’re back! Below you’re going to find some incredible recaps of home financing and mortgage blogs that have been published during 2017. This week we’re highlighting the best mortgage blogs from this year!

Finance

The Mortgage Report

JUNE 24, 2025

In addition, recent declines also reflect that some homeowners are tapping into their equity to finance other activities ,” said Selma Hepp, chief economist at Cotality. In addition, recent declines also reflect that some homeowners are tapping into their equity to finance other activities ,” said Selma Hepp, chief economist at Cotality.

Equity

Redfin

MARCH 11, 2025

Earnest money is not the same as a down payment, but its usually applied toward your down payment at closing. Its held in an escrow account : A neutral third party (escrow company or title company ) holds the funds until closing. Yes, earnest money is typically applied to your down payment at closing. What is earnest money?

Earnest money deposit

Redfin

JUNE 27, 2025

Don’t skip critical steps like the home inspection or negotiating closing costs. Take note of closing costs, loan terms, and any additional fees. Missing out on first-time homebuyer programs Between saving for a down payment and covering closing costs, buying a home can feel financially overwhelming.

Pre-approval

Marco Santarelli

DECEMBER 21, 2024

As someone who's gone through the mortgage process a few times and kept a close watch on the market, I can tell you it's rarely a simple yes or no. If you're asking yourself “Should I refinance my mortgage now or wait for 2025?”, Mortgage rates are showing some instability right now, but major reductions are unlikely anytime soon.

Debt-to-income ratio

Redfin

JUNE 13, 2025

In this Redfin article, we’ll walk you through what’s different as a second-time homebuyer, how to prep your finances, and what strategies ease the transition—whether you’re upgrading in Flagstaff, AZ , downsizing, or just making a change in Fort Worth, TX. Example cost impact: At a 6.8% In short, yes—and no.

Debt-to-income ratio

The Living Room

MAY 2, 2025

Prospective buyers should account for closing costs, inspections, and the ongoing maintenance associated with homeownership. Consider flexibility on closing dates, a solid earnest money deposit, and minimal contingencies to appeal to sellers. Embarking on the journey to homeownership in Portland, Oregon, is an exciting endeavor.

Earnest money deposit

Redfin

MARCH 14, 2025

But before the deal is final, your lender needs to issue a mortgage commitment letter – a crucial step that signals your financing is solid and closing is within reach. Expiration date: Mortgage commitment letters typically have an expiration date, meaning you must close on the home before the letter becomes invalid.

Debt-to-income ratio