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Online bank Ally launches home grant program

Housing Wire

Ally Home , the residential mortgage lending arm of Ally Bank , is offering a $5,000 grant for eligible homebuyers in the select markets of Charlotte, Detroit and Philadelphia, the company announced on Tuesday. The upfront lump sum can be applied toward a down payment, closing costs or other expenses related to the homebuying process.

Banks 383
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Mortgage Rates Are Rising. Read This Before You Refinance.

Realtor.com

Consider how many months it would take for you to recoup the costs of closing on a refi, along with how long you’ll be staying at this home. If you can recoup closing costs within two years and plan to stay in your house for longer, the savings on interest means the math will likely work out in your favor.

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Opinion: Can tech and iBuyers fix the real estate market?

Housing Wire

commercial spaces/building and residential homes/townhomes) and inconsistent transactional processes, fragmentation in the market has prevented real-estate from adopting technology as quickly as other sectors – until now. So, what are the technologies and trends iBuyers are using to fix fragmentation in the market?

Marketing 381
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Nearly 40 housing tech firms make the 2023 Inc. 5000 list

Housing Wire

LoanStar Technologies , which connects lenders with borrowers who are traditionally underbanked or unbanked, also made the list again. 469 LoanStar Technologies 1,241% 2016 Enabling lenders to connect and lend to customers who are traditionally underbanked or unbanked. Homelight , a platform for homebuyers and sellers, was No.

Equity 366
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The Top 10 House Buying Apps for 2021’s Red Hot Housing Market

HomeLight

For the ultimate in technology and convenience, you can tour Zillow-owned homes when it works for you. Redfin leverages modern technology to keep their costs low. When you buy with a Redfin Agent, you’ll get part of their commission — on average $1,750 — applied to your closing costs. Includes rentals: Yes.

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Freddie Mac posts $12.1B income in 2021

Housing Wire

In November, Freddie Mac announced it would encourage landlords to provide access to rental payment data, by recouping a portion of closing costs for properties it finances. He was most recently CEO of Hayden Consulting , which advises mortgage banks, commercial banks, thrifts, REITs, and private equity firms.

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How to Profit From Rising Interest Rates in 2023?

Marco Santarelli

Real estate can also be attractive because rising rates can be a sign of a healthy economy, which can lead to increased demand for commercial and residential properties. When considering refinancing, it's important to evaluate the costs associated with refinancing, such as closing costs and origination fees.