Housing Wire

JANUARY 19, 2022

To be eligible for a desktop appraisal, according to Fannie Mae , the loan must be a purchase transaction, secured by a one-unit principal residence and have a loan-to-value ratio of no more than 90%. FHFA suggested that hybrid appraisals could also speed up the appraisal process and reduce costs.

Inspection 414

Inspection Principal Loans Renovation 414

Housing Wire

SEPTEMBER 21, 2023

While homebuilder sentiment is clearly impacted by the recent surge in mortgage rates , permits for single-family homes provide a positive outlook for the pace of construction in the year ahead. MBA’s mortgage finance forecast projected the 30-year fixed mortgage rate to decline to 5.4% in 2024 and 5.1%

Banks 370

Banks Mortgages Principal Commercial 370

Housing Wire

SEPTEMBER 22, 2022

We do not see new construction returning in a meaningful way any time soon. Marty Green, principal with mortgage law firm Polunsky Beitel Green , described increasing affordability pressures in the housing market as “throwing cold water on what was a frenzied residential real estate market.”. Kurt Carlton, President of New Western.

Mortgages 401

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 401

Housing Wire

SEPTEMBER 19, 2023

Among other factors, the fact that apartment construction is at a five-decade high largely contributed to the easing of rent prices, according to Bright MLS Chief Economist Lisa Sturtevant. metros recorded annual cost decreases in July,” Molly Boesel, principal economist for CoreLogic, said in a statement.

Principal 379

Principal MLS Construction Marketing 379

Toronto Realty Blog

NOVEMBER 29, 2023

What does it mean when the real estate market is slow, prices have declined, pre-construction sales and prices are even more sluggish, and yet some pre-construction condominium developers in the midtown area are currently charging up to $2,000 per square foot? Marlin could sell condos for $2,000/sqft in pre-construction right now.

Construction 75

Construction Sales Purchase and sale agreement Development 75

Housing Wire

SEPTEMBER 14, 2023

That record provides pool-level aggregate information about the extent of loans and unpaid principal balance (UPB) dollars that are in low- and moderate-income areas, with a chart illustrating the percentage of loans, percentage of UPB of ESG-flagged pools and/or loans and totals of the total portfolio over the last 12 months.

Investor 326

Investor Principal Loans New Construction 326

Housing Wire

AUGUST 3, 2023

Rocket’s share of the purchase business jumped to 55% in the first three months of 2023, according to data from Inside Mortgage Finance (IMF). Rocket posted a $33 million adjusted net income loss in the second quarter, following a $111 million loss in Q1. Purchase volume in the first quarter came in at $9.4

Loans 303

Loans Mortgages Loan Officer Principal 303

Toronto Realty Blog

MARCH 1, 2023

I’ve been writing anti-pre-construction rants for fifteen years, but I won’t succumb to the naivety that is currently plaguing many Torontonians when it comes to this subject matter. TorontoRealtyBlog Sometimes, a delay is just a delay. And other times, a delay is just the first step along the road to a cancelation.

Construction 73

Construction Bankruptcy Pre-approval Purchase and sale agreement 73

Housing Wire

OCTOBER 20, 2020

He said Freddie Mac was looking at ways of reducing building costs, developing ways to incentivize private investors to build affordable housing, and how to qualify more borrowers for mortgage financing. How a pragmatic approach to eClosings helps lenders succeed during COVID-19 and beyond. Find out what those are here.

Land 465

Land Principal Mortgages Equity 465

Housing Wire

FEBRUARY 8, 2024

As a real estate agent, you may think clients should care more about their next home than your life story. And while that may be true, well-crafted real estate agent bios can build trust and credibility and serve as a powerful tool in an agent’s marketing arsenal — giving prospective clients. So let your personality shine.

Agents 367

Agents Construction Design Branding 367

Housing Wire

FEBRUARY 1, 2023

FBC Mortgage recorded originations of about $8 billion in 2022, including its joint venture volume, Nunziata said, adding that about 70% of that volume “was new construction.” Most of the temporary rate buydowns offered through FBC are paid for by builders, he said. “We in year one, go to 5.2% in year three.

Marketing 404

Marketing FHA loan Loans Mortgages 404

Housing Wire

FEBRUARY 8, 2022

Allowing appraisals without a walk-through was one of several flexibilities the Federal Housing Finance Agency allowed in light of the pandemic. The option is limited to purchase transactions, secured by a one-unit principal residence with a loan-to-value ratio of no more than 90%. Scott Murphy, CEO of D.S.

Loans 363

Loans Principal Mortgages Industrial 363

Propmodo

APRIL 9, 2024

The typical process for a POE starts with a building owner engaging an outside firm or an expert who wasn’t involved in the original design or construction to evaluate what went right and what went wrong after occupancy. But some in the industry believe there needs to be a lot more improvement in this area.

Development 62

Development Design Construction Principal 62

Housing Wire

AUGUST 29, 2022

“I don’t have on my board my goal is to be the No. 2 overall lender, it’s to be No. 1 and we’re going to do that,” Ishbia told HousingWire in 2021. After two golden years in the mortgage market during the pandemic period, refis have dried up and the industry has since pivoted toward a purchase market. Multibillion dollar investment.

Equity 402

Equity Loan Officer Loans Mortgages 402

HomeLight

DECEMBER 31, 2021

It’s calculated by taking the current value of your home minus your principal balance and the total of any additional liens that must be paid off before selling the property. But if you don’t have any additional liens to account for, simply take your home value minus your unpaid principal to estimate your home equity.

Equity 105

Equity Principal Loans Renovation 105

Realtor.com

MARCH 11, 2021

If not, scour sites like Pinterest and Houzz for visual ideas, suggests Elizabeth Sanchez Vaughan , creative principal at In-Site Interior Design. And a budget and timeline for construction can be set based on these drawings. You may be eager to break ground and start the construction, but don’t skip the prep stage.

Design 116

Design Construction Staging Principal 116

RIS Media

MAY 24, 2021

The down payment is the part of the home’s purchase price you pay upfront, rather than financing it through a mortgage. These range typically from 2% – 5% of the loan principal, and can include: – Application fee. .” You may be able to, but the costs associated with buying a home go beyond the mortgage payment.

Closing costs 98

Closing costs FHA loan Principal Loans 98

HomeLight

JANUARY 29, 2021

But rather than draining their savings, most homeowners opt to finance their home home improvement with credit or a home renovation loan. Construction loan. Homeowners can use a construction loan to cover land, building labor and materials, permitting, and other relevant expenses for residential properties.

Renovation 98

Renovation Loans Equity Construction 98

Realty Biz

OCTOBER 24, 2020

COVID-19 included, the biggest obstacle to home ownership remains the financing. HUD officially defines a first time buyer as: An individual who has had no ownership in a principal residence during the 3-year period ending on the date of purchase of the property. For most, it’s saving the down payment.

Pre-approval 106

Pre-approval Principal Loans Closing costs 106

Realtor.com

DECEMBER 2, 2021

White also says there’s a serious zoning construction problem throughout much of the U.S., Realtor.com / Getty Images Inflation is a red-hot topic right now, and for good reason: In October, the annual inflation rate rose to an alarming 6.2%. Our money simply doesn’t go as far as it used to. So what’s the impact of inflation on housing?

Mortgages 133

Mortgages Investor Principal As-is 133

Realty Biz

AUGUST 19, 2022

Pre-licensing courses teach real estate, ethics, legal matters, taxes, finance, contracts, and insurance. Prospective real estate brokers’ training courses include: Real Estate Law Real Estate Investments Construction and Development Real Estate Principles Law Of Contracts Real Estate Practice Property Management And Business Law.

Pre-approval 75

Pre-approval Brokerage Agents Principal 75

The Close

DECEMBER 29, 2022

And now we present the 131 real estate terms you need to know—and be able to define for clients—in 2023: 1031 Exchange. This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. The catch is that they must sell one property and buy a similar one within a set time frame. Active contingent.

Purchase and sale agreement 98

Purchase and sale agreement Title Proof of funds Pre-approval 98

HomeLight

JULY 31, 2020

Did you know that the median price to buy a house in the United States in the first quarter of 2020 is more than $327,100 ? That’s a 50% increase since 2000 when buying a house would cost around $165,000 ! It’s no wonder that 49% of renters are under 30 years old — they can’t afford to buy even a simple starter home. So, what are people to do?

Debt-to-income ratio 105

Debt-to-income ratio Loans Principal Equity 105

Realtor.com

AUGUST 26, 2020

” The confluence of two potential clusters of major disasters, at a time when the nation’s economy is reeling from a coronavirus-fueled recession, means that the typical resources for recovery, from housing to insurance adjusters to people’s personal finances, will be spread thin. .” and will complicate the recovery.

Construction 120

Construction Principal New Construction As-is 120

Toronto Realty Blog

AUGUST 23, 2021

In 2007, I sold a house with 107% financing. After watching the financial crisis play out in the United States, the federal government, led at the time by Stephen Harper as Prime Minister and Jim Flaherty as the Minister of Finance, sought to rein in lending practices in light of the madness that occurred down south.

Marketing 105

Marketing Purchase and sale agreement Mortgages Finance 105

Norada Real Estate

FEBRUARY 21, 2022

A good rental property is fully refurbished or a new construction residential property. By following these steps, you’ll be well prepared to buy your first rental property. As a form of real estate investment, buying a rental property is considered to be a very good one. How good is that? A rental property should be turnkey and rent-ready.

Purchase and sale agreement 110

Purchase and sale agreement Investor Due diligence As-is 110

Toronto Realty Blog

FEBRUARY 24, 2022

Last month, one of my clients was emailing me pre-construction projects in Georgetown, Ontario, as we both lamented the ridiculous prices in the GTA, and he dropped this knowledge bomb on me: And this is why a lot of us pre-con specialists in TO have skipped the last two years here and have gone balls deep in Calgary. Any Clint Eastwood fans?

Closing costs 142

Closing costs Development Land Investor 142

HomeLight

JUNE 16, 2023

Disclaimer: Information in this blog post is meant to be used as a helpful guide and for educational purposes only, not legal or tax advice. If you need help with a tax question, please consult a skilled CPA. Rejoice in this: Rarely do homeowners have to pay taxes on the money they make from selling their house.

Sales 94

Sales Principal As-is Closing costs 94

Toronto Realty Blog

SEPTEMBER 8, 2022

Consider that with every mortgage, there’s a portion of the payment that is applied to principal repayment and a portion that is applied to interest. The bank just changes the proportion of principal and interest within the payment. Wow, y’all went all out on last Friday’s blog!

Marketing 91

Marketing Fixed-rate mortgage Banks Principal 91

Marco Santarelli

AUGUST 18, 2022

The NH Housing Market Report by the New Hampshire Housing Finance Authority describes a market in “turmoil, buffeted by rising interest rates and economic uncertainty that presents extraordinary challenges for renters and homebuyers.” So, there is a huge gap between housing supply and demand in this state. New Listings decreased by 12.7

Marketing 52

Marketing Fixed-rate mortgage Sales Days on market 52

HomeLight

MAY 24, 2022

If you’re planning to finance your next home, securing a lower mortgage rate now might save you money in the long run and make your house more affordable to potential buyers. With a cash buyer, there’s no worry about mortgage approval or financing contingencies delaying the sales process. Sell Fast With an All-Cash Offer.

Pre-approval 98

Pre-approval Equity Agents Closing costs 98

HomeLight

OCTOBER 24, 2022

Remodeling Magazine estimates project costs using Clear Estimates remodeling software , creating detailed construction estimates for each project, and adjusting the cost for each market to account for pricing variations. Plus, upgrading the heart of the home attracts buyers and helps raise home value. Countertops: $825 – $3,850.

Renovation 118

Renovation Loans Equity Design 118

Realtor.com

JANUARY 30, 2023

In areas where it’s better to buy, mortgage payments are often lower than market rents if buyers can cobble together the needed down payment and closing costs. The areas where renting is better tend to be pricey markets for both renters and homebuyers, but especially homebuyers,” says Danielle Hale , chief economist at Realtor.com.

Mortgages 109

Mortgages Principal Industrial New Construction 109

Redfin

JULY 14, 2023

As you make regular mortgage payments, a portion goes towards reducing the principal amount owed, effectively increasing your equity. As you make regular mortgage payments, a portion goes towards reducing the principal amount owed, effectively increasing your equity.

Equity 49

Equity Fixed-rate mortgage Closing costs Inspection 49

Toronto Realty Blog

AUGUST 25, 2021

Your age, your marital status, your dependents, your career trajectory – these all play a factor, and that’s before we’ve even considered savings, down payment, salary, and a person’s personal finances. I’ve known this client for a long time. ” After many, many property viewings, they decided to stay put.

As-is 98

As-is Finance Principal Development 98

Toronto Realty Blog

OCTOBER 5, 2020

My colleague had shown a listing, and a problem with the condominium’s finances was brought to light. Obviously, before you’ve even played, or a half-hour into the 1:00pm games, this “chance” is far-fetched. But then, Garrett Minshew throws not one, but two touchdowns to D.J. Chark, and your opponent has both.

Loans 90

Loans Construction Agents As-is 90

HomeLight

JANUARY 13, 2023

DISCLAIMER: This article is meant for educational purposes only and is not intended to be construed as financial, tax, or legal advice. HomeLight always encourages you to reach out to an advisor regarding your own situation. Or perhaps that was something you discovered while you were well into the process. How Much Is Your Home Worth Now?

Mortgages 94

Mortgages Closing Loans As-is 94