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Options to Unlock Your Home Equity When Finances Are Tight

HomeLight

If you need assistance navigating the financial or tax implications of unlocking your home’s equity, HomeLight always encourages you to reach out to your own advisor. homeowners with mortgages (roughly 62% of all properties) saw their equity increase by a total of more than $3.8 What is home equity? According to CoreLogic , U.S.

Equity 101
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How Is The Market For Condominium Assignments?

Toronto Realty Blog

Those who know me – at least, through TRB, are fully aware of my thoughts on pre-construction condos, the pre-construction condo industry, and the way that pre-construction condos are sold and eventually built. Your “Buying Pre-Construction Condos and CAKE! Well, colour me flattered ! It made sense.

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Mortgage, Mortgage, Mortgage: What First-Time Home Buyers Need to Know

Realty Biz

Documentation and the Pre-Approval Process Pre-approval is a must for anyone looking to purchase a home. Be sure to have all of your documentation in order and ready to go before starting the pre-approval process. This includes bank statements, tax returns, pay stubs, credit report information, etc.

Mortgages 102
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15 Homebuying Terms You Should Know When Searching for Your New Home

RIS Media

The homebuying process is already complex, so understanding certain words and terms in the real estate industry will help you get ahead of the game for when you’re ready to start buying. percent of the yearly loan amount, can be canceled in certain circumstances when the borrower reaches 20 percent equity.

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Mastering Mortgage Basics: 10 Key Concepts Every Homebuyer Should Know

Redfin

Government-backed loans, such as FHA or VA loans, provide more flexible qualification criteria and specific benefits. Once the borrower’s equity reaches 20%, PMI can be canceled. These may include proof of income, bank statements, employment verification, credit history, and debt information.

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UWM expands its hard credit reports program

Housing Wire

In addition, in its Safe Check Complete version, launched Wednesday, the broker can order a pre-qualification based on a three-bureau soft credit check for $23. UWM’s website clarifies that Safe Check is not eligible for home equity lines of credit (HELOCs), bank statement, investor and USDA loans.

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The fight to standardize educational training for LOs

Housing Wire

The raison d’etre is the same whether you work as a mortgage loan officer at a depository bank or an independent mortgage bank – originate a purchase mortgage or refinancing for a client. Loan officers working for depository banks are not bound by the same requirements.