Realtor.com

JUNE 12, 2017

The entire mortgage process has several parts, including getting pre-approved, getting the home appraised, and getting the actual loan. Many sellers will require that buyers get pre-approved for a mortgage before they will accept an offer. “All of these moving parts can cause a delay in processing if an issue arises.”.

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HomeLight

JULY 31, 2020

Out of the delayed contracts, the most common causes were financing issues (37%), followed by appraisal issues (18%) and inspection issues (16%). Loan approval. For most buyers, financing a home through a bank or lender with a mortgage loan is necessary to purchase the property. is not a simple or finite one.

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Redfin

MARCH 3, 2022

Financing issues. Unless you’re submitting an all-cash offer, you’ll need to obtain financing to purchase your home. To avoid potential issues or delays, Western Title Company recommends informing your title or settlement agent of any IRS tax liens or bankruptcies that involve the seller or the property.

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Toronto Realty Blog

MARCH 1, 2023

These are in no particular order, other than what I think of when I really question why a condominium project might be canceled in Toronto… – 1) Zoning and approval. Remember, developers can start pre-sales before they have a final design or approval, and of course, they can always change the design.

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HomeLight

OCTOBER 29, 2020

That’s why financed offers come with appraisal contingencies — the loan can’t clear until the home has been appraised and the lender knows they’re not lending you too much for the home. It’s difficult to fully circumvent the appraisal process when financing is involved, but these numbers aren’t necessarily a dead end. Buyer financing.

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HomeLight

AUGUST 16, 2021

They will also consider your current and previous debts that resulted in foreclosures or bankruptcies. Smaller issues like court judgments can also result in not getting your mortgage approved. Bankruptcy paperwork. Chapter 13 bankruptcy requires a two-year waiting period from discharge or four years from dismissal.

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Toronto Realty Blog

DECEMBER 19, 2023

So without further adieu, here are the “Top Five Real Estate Stories Of 2023” as I see them: #5: Condos, Development, & Pre-Construction This “theme” or story has far-reaching implications; at least more so than what you might conclude simply from the title. Pre-Construction. Development.

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HomeLight

JUNE 30, 2021

Some states require only 40 hours of pre-licensing classes, while others may require more than 200 hours, for example. There are a number of factors to consider, and you’ll need to assess your finances and take your priorities into account. Financing contingency. Inspection contingency. Zoning contingency.

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HomeLight

MARCH 16, 2023

Investors offer alternatives to foreclosure and bankruptcy About 60% of sellers who contact Ramcharitar are behind on their mortgage payments. While some homeowners opt for foreclosure in a distressed situation, others decide to declare bankruptcy. The majority of calls I get are from sellers who need a quick sale,” says Ramcharitar.

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Marco Santarelli

SEPTEMBER 30, 2023

Get pre-approved for a mortgage before you start shopping for a home. The Federal Housing Administration (FHA) insures these mortgages, making it easier for eligible borrowers to access financing. This will give you an idea of how much you can borrow and what your monthly payments will be. Make a larger down payment.

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HomeLight

SEPTEMBER 30, 2021

If you have enough savings to put 20% down, it means you’ll be able to finance less and enjoy a lower rate while you’re at it. Department of Housing and Urban Development (HUD)-approved counseling agency, providing more than 31% of the housing counseling in the country. “It’s NACA is the largest U.S. Good Neighbor Next Door.

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Notorious ROB

DECEMBER 19, 2022

There’s a long way to go before people will associate Zillow with financing, the way that they associate Rocket with mortgages. I could imagine a world where a Zillow Advisor gets the buyer pre-approved through ZHL (as well as upselling any other services) before connecting her to a Premier Agent. I think that happens.

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