Marco Santarelli

FEBRUARY 7, 2025

Let's delve into the critical factors that set the 2025 housing market apart from the pre-crash era. During the mid-2000s, subprime lending was prevalent, and average credit scores for approved mortgages were likely lower than post-crisis averages. These regulations are designed to prevent the kinds of abuses that led to the crash.

Pre-approval

Redfin

JULY 31, 2025

Even if you can afford the payments, adding new debt may reduce your loan approval or lead to higher interest rates. >>Discover: How to Get Pre-Approved for a Mortgage: 7 Steps for Success 7. What to do instead: To start, request quotes from multiple lenders, including banks, credit unions, and mortgage brokers.

VA loan

The Mortgage Report

AUGUST 5, 2025

Getting Pre-Approved Down Payment Assistance Buying With Low Credit Buying With Low Income Buying With A Disability Who Has The Best Mortgage Rates? For many homeowners, the smarter solution lies in a financial product designed specifically for flexible, long-term use: a home equity line of credit, or HELOC.

FHA 203k rehab loan

Marco Santarelli

MARCH 22, 2025

This downturn is different for a few crucial reasons: Tighter Lending Standards: Banks have been much more careful about lending since the last crisis. If you're considering buying a home in this market, here's my advice: Get Pre-Approved: Know exactly how much you can afford before you start looking. What's a Buyer to Do?

Marketing

Rochester Real Estate

NOVEMBER 5, 2015

USDA Rural Development Program This program is designed to help low to moderate income rural first time home buyers (also available to a non first time home buyer). The homebuyer dream program replaced the First Home Club and is financed by the Federal Home Loan Bank of New York. How does the home buyer dream program work?

Closing costs

The Mortgage Report

AUGUST 7, 2025

Getting Pre-Approved Down Payment Assistance Buying With Low Credit Buying With Low Income Buying With A Disability Who Has The Best Mortgage Rates? If approved, you’ll receive a lump sum to use for materials, labor, or even DIY expenses. You’ll also need to use approved contractors and meet specific renovation guidelines.

Redfin

MARCH 5, 2025

Below are some of the best ways to find an affordable home without breaking the bank. A mortgage pre-approval can give you a clearer picture of your financial standing and help you secure a deal faster. Review your savings for your down payment , monthly income, and potential loan options to set a realistic price range.

Debt-to-income ratio

Marco Santarelli

MARCH 19, 2025

Here's the breakdown: South: 2 metros Northeast: 2 metros Midwest: 6 metros This regional distribution suggests that affordability varies greatly across the country, and you might need to broaden your search beyond the usual hotspots to find your dream home without breaking the bank.

Pre-approval

Marco Santarelli

MAY 10, 2025

Possibly Lower Interest Rates: Central banks often slash interest rates during economic crises to try and stimulate borrowing and spending. While this isn't guaranteed to translate directly into ultra-low mortgage rates (banks might still be nervous about lending), it can happen. Get Pre-Approved for a Mortgage: Talk to lenders early.

Marketing

Housing Wire

DECEMBER 6, 2022

million in its seed round to build a mortgage-as-a-service platform for fintechs, banks and retail banks. The built-in underwriting logic aims to deliver quick and accurate decisions to borrowers with maximum affordability approvals and automated tasking. Startup Pylon raised $8.5

Pre-approval

Housing Wire

SEPTEMBER 29, 2022

MAXEX , a major mortgage trading and aggregating platform, has unveiled a series of new programs designed to serve originators and loan buyers in the growing non-QM lending market. Facilitating forward-trading agreements, which allow platform users to sell loan pools at a future date with pre-negotiated terms and pricing.’.

Marketing

Housing Wire

DECEMBER 29, 2023

The CE Shop is a great way to save money on your coursework and benefit from a solid, thoughtfully-designed set of online real estate courses. They shine because of its expertly designed online learning platform. This slower-paced platform with a simple design is perfect for those overwhelmed by excessive online features.

Pre-approval

Housing Wire

JANUARY 26, 2022

Schwartz in a statement said that this expansion “is proof that there’s tremendous appetite for what we’ve built – a digital experience, designed from the ground up to meet the needs of homebuyers today.”. The mortgage is the catastrophe of the real estate transaction,” added Schwartz.

Mortgages

Realty Biz

AUGUST 20, 2023

Mortgage pre-approval is an essential step when buying a house. During pre-approval, lenders carefully evaluate your financial information, including income, assets, credit history, and other relevant details. How long it takes for lenders to give mortgage pre-approval can vary from a day to a week.

Pre-approval

Housing Wire

NOVEMBER 17, 2023

To get your license, you’ll need to complete 168 hours of prelicensing coursework at an accredited and approved school. Exam Prep: Exam prep course for focused review of key material, practice question bank, customizable quizzes, performance tracker, mock exams, interactive online study group. Pass or Don’t Pay: Not Available.

Pre-approval

Housing Wire

APRIL 22, 2024

Starting from: $ 235 Visit OnlineEd Also Popular Kaplan Real Estate Education Best for career mentorship Pre-recorded video content led by experienced industry leaders. Students appreciate the simple design of OnlineEd’s proprietary course management system. Easy access to instructors to ask for help. Career mentoring opportunities.

Pre-approval

Housing Wire

NOVEMBER 30, 2023

A state-approved real estate school in Illinois, the CE Shop is constantly updating its course material to stay on top of industry changes. Participants choose from designated class dates. Visit Website Overview According to Net Real Estate School, it offers the lowest priced state-approved education in Illinois.

HR

Housing Wire

JUNE 5, 2025

Their course content is designed to help you meet both federal and state licensing requirements while staying engaged with the course content. Each package is designed to keep you engaged while also meeting both national and state requirements. Take a look to find the best fit and get started with your MLO career.

Loans

Housing Wire

DECEMBER 8, 2023

We’ve reviewed all the key information to determine the best Arizona real estate schools to help you get licensed quickly and efficiently with a state-approved, online program at an Arizona real estate school. Course Options See Details Pricing AceableAgent’s prelicensing classes are ADRE-approved 90-hour real estate courses.

HR

Housing Wire

NOVEMBER 13, 2023

In Florida, getting licensed as a real estate agent begins with the completion of an approved 63-hour Sales Associate prelicensing course. Final Exam: In order to earn your FREC Approved 63-Hour Real Estate Prelicensing Education Certificate, you need to take and pass a course final exam. Course E-Book.

Purchase and sale agreement

Realty Biz

JANUARY 1, 2021

Pre- Foreclosures . A property goes into pre-foreclosure when a mortgage company notifies the borrower that they are in default on their loan. To find homes in pre-foreclosure you can search sites that specialize in this or you can have an experienced local agent help you out. Bank-Owned Properties.

Short sale

Toronto Realty Blog

FEBRUARY 27, 2023

Thank you for taking us back to that place that we all thought we had left for good: pre-construction. about the pre-construction condo industry just as soon as this blog was launched back in 2007. Pre-construction “experts.” Blog reader Densha asked about pre-construction condo delays and it’s a good topic.

Construction

HomeLight

OCTOBER 27, 2020

These rules are designed to create a standard for documenting and verifying a borrower’s financials that creates a presumption that the borrower can afford the loan they have applied for. The bigger your down payment — and the more money you have in the bank overall — the better chance you’ll have at getting a loan.

Debt-to-income ratio

Realtor.com

JULY 9, 2021

The couple lived in a third-floor apartment with their two children in a pre-war building they loved on Manhattan’s Upper West Side. We kept it in the pre-war style of the building, so we maintained its spirit, but everything is modern and new.”. That’s what Praneet Gill, chief strategy officer at a tech startup, and her husband did.

Pre-approval

HomeLight

JULY 25, 2022

In fact, to help pre-empt the possibility of a delayed or canceled closing due to repair negotiations, some sellers even commission their own appraisal or inspection reports. In addition, the Appraisal Institute offers advanced credentialing such as MAI, SRPA, SRA, AI-GRS, and AI-RRS designations in residential real estate.

Inspection

Redfin

JULY 31, 2024

Key takeaways Shop around for the best mortgage lender : Compare offers from multiple lenders, including banks, credit unions, and online lenders, to find the best rates and terms for your mortgage. While lenders will pre-qualify you for a certain amount, it’s essential to ensure this fits within your overall financial picture.

Pre-approval

Realty Biz

FEBRUARY 6, 2022

The Collaborative is a steering committee formed by associations and companies including the National Association of Realtors, the NAACP, Bank of America, and others. The seven-step plan is designed to add new homeowners and sustain existing homeowners.

Pre-approval

HomeLight

AUGUST 30, 2022

To pre-empt the looming possibility of homelessness for millions of renters and the default of millions of loans by landlords, Congress created the Emergency Rental Assistance (ERA) program. For example: In Palm Beach, Florida, applicants were advised the approval process may take up to six weeks before the landlord receives payment.

Pre-approval

Realty Biz

FEBRUARY 12, 2023

Hall and the team will support the Ohio Housing Finance Agency Down Payment Assistance Program (see footnote) designed to help purchase a home in any county in Ohio. All loans are subject to credit approval. Department of Banking and Insurance, Licensed by PA Dept. of Banking, Rhode Island Licensed Lender. Government.

Mortgages

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.

Construction

Redfin

MAY 5, 2025

If you’re thinking of buying a home, get pre-approved with a mortgage lender now to find out where you stand. Myth #1: It doesn’t matter where I get my credit score There are lots of ways to check your score: through your bank, credit monitoring apps, and free sites that advertise on TV.

Pre-approval

HomeLight

MARCH 30, 2021

Preapproval, on the other hand, is typically a more official process where the lender requires more documentation of your bank accounts and also looks into your credit history. Pre-approval letters are usually good for 60 to 90 days, so don’t enter this stage until you’re serious about your home search. Get an appraisal.

Due diligence

Redfin

JULY 11, 2023

A mortgage is a loan specifically designed for purchasing a property, commonly a home. These may include proof of income, bank statements, employment verification, credit history, and debt information. How does the mortgage pre-approval process work? Mortgage pre-approval is a crucial step in the homebuying process.

Pre-approval

HomeLight

MAY 27, 2021

However, some sellers hire a home inspector before listing their home to conduct what’s known as a pre-listing home inspection. The appraiser’s valuation verifies that the approved loan doesn’t exceed the value of the property. A homeowner may hire an appraiser before a buyer is involved to complete a pre-listing appraisal.

Inspection

Realty Biz

AUGUST 29, 2023

From selecting the right builder to planning for the future, designing your custom home, managing your budget, overcoming challenges, and being involved in the building process, we've got you covered. Explore various home designs and styles to find inspiration and identify elements that resonate with your preferences.

Construction

Marco Santarelli

SEPTEMBER 11, 2023

These include: You can customize the design of your home to your specific needs and preferences. Choose a smaller home design. Get financing from a local bank. Local banks may offer lower interest rates and better terms than national banks. Get pre-approved for a mortgage. Negotiate with the builder.

Land

HomeLight

SEPTEMBER 30, 2021

A hard worker with an hourly paid job at a nearby prison, the client was able to save and use the Neighborhood Assistance Corporation of America (NACA) program through Bank of America. Department of Housing and Urban Development (HUD)-approved counseling agency, providing more than 31% of the housing counseling in the country. “It’s

Loans