Housing Wire

AUGUST 13, 2021

Existing investors and others including Andreessen Horowitz, Singapore’s GIC, GGV Capital and Moore Specialty Credit participated in the round, which pre-empted a capital raise that could have featured new investors, she said. We’re aiming to bring a legitimacy to alternative home financing options,” said Hefets.

Pre-qualification 404

Pre-qualification Pre-approval Equity Finance 404

Housing Wire

SEPTEMBER 29, 2022

MAXEX is an Atlanta-based fintech company that is backed by leading private-equity and capital-markets investors, including J.P. Facilitating forward-trading agreements, which allow platform users to sell loan pools at a future date with pre-negotiated terms and pricing.’. Morgan Chase.

Marketing 345

Marketing Pre-approval Investor Bankruptcy 345

Housing Wire

FEBRUARY 9, 2022

Whether you’re a seasoned real estate investor or a first-time homebuyer, it’s a big financial transaction. and get a pre-approval for a mortgage from the comfort of your own laptop. And it’s already costing consumers, banks and lenders, and even service providers hundreds of millions of dollars a year. Let’s face it.

Industrial 384

Industrial Purchase and sale agreement Pre-approval Banks 384

Housing Wire

JUNE 24, 2021

Led by venture capitalist firm Signal Fire as well as existing seed investors Y Combinator and DN Capital , Accept.inc said it plans to use the funding to scale its platform, double its team size and enter new markets. Mortgage startup Accept.inc announced Thursday it raised $90 million in debt and equity.

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Equity Proof of funds Pre-approval Investor 330

Housing Wire

JUNE 16, 2022

The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. neighborhood, housing market, Fall, homes, new house sales, forbearance.

Marketing 414

Marketing Fixed-rate mortgage Loan Officer Pre-approval 414

Housing Wire

MARCH 4, 2021

” The traditional verification approval process can be lengthy: A mortgage pre-approval can take up to two weeks , and the entire mortgage process can take one to two months. Plaid’s technology enables apps to connect with users’ bank accounts. Since its founding in 2013, Plaid has collected $309.3 billion.

Finance 213

Finance Pre-approval Banks Investor 213

Housing Wire

SEPTEMBER 2, 2021

Zeev was also an initial investor in the proptech’s 2017 Series B. Other repeat investors in its most recent round included Menlo Ventures , Group 11 and Stereo Capital. It also allows sellers access to a network of pre-approved buyers to expedite the process. billion, the company claimed.

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Pre-approval Investor Technology Equity 297

Housing Wire

JANUARY 26, 2022

Meanwhile, in October 2020, Tomo picked up $40 million in a seed round led by the same investors. The digital mortgage lender advertises that it creates pre-approvals for its customer within hours, not days, charges no lender fees, and ensures on-time closings 100% of the time.

Mortgages 323

Mortgages VA loan Pre-approval Lending 323

Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. But the industry was on a roller coaster with rates climbing near 7% in February and hitting 8% in October as the central bank battled to bring down high inflation.

Loans 413

Loans FHA loan Mortgages Loan Officer 413

Lighter Side of Real Estate

JANUARY 24, 2024

Unless you come into a windfall of money, most people need to get a mortgage in order to buy a home, so getting a mortgage pre-approval to find out how much a lender will allow you to spend is the first step. The process can be both exciting and perhaps a bit intimidating for some people. than you thought you could afford.

Pre-approval 95

Pre-approval Debt-to-income ratio Pre-qualification Mortgages 95

Housing Wire

AUGUST 23, 2023

Flávia Nunes: Better took nearly two years to go public, with Aurora’s shareholders’ merger approval extended three times. The other thing we have to do is use technology to predict which customers can qualify for One Day Mortgage based on just the data that’s in their pre-approval.

Debt-to-income ratio 360

Debt-to-income ratio Technology Mortgages Pre-approval 360

Marco Santarelli

SEPTEMBER 22, 2023

A housing bubble is a period marked by an unusual spike in housing prices fueled by high demand and low supply , speculation by investors, and exuberant spending. Speculative buying : Investors who are buying homes as investments, rather than as primary residences, are driving up demand and contributing to a housing bubble.

Pre-approval 98

Pre-approval Fixed-rate mortgage Lending Equity 98

HomeLight

AUGUST 31, 2021

A foreclosed home is a property that has been seized by the bank after the homeowner failed to make their mortgage payments. A home goes through several steps before the bank physically takes over the house and sells the property. Pre-foreclosure. Your real estate agent should be able to search for homes in pre-foreclosure.

Pre-approval 103

Pre-approval Short sale Banks Finance 103

HomeLight

SEPTEMBER 20, 2022

Plus, buying a short sale could seriously test your patience: The whole process could stretch a long time, because you’re waiting for a response not from an individual, but from the bank or lender. “A So you’re going to be waiting a long time — and you might never get approval.”. OK, I think I’m interested.

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Short sale Sales Pre-approval Equity 92

Housing Wire

SEPTEMBER 14, 2020

Lenders must constantly weigh the consumer’s experience against the compliance requirements handed down by regulators and investors. But without enough information about the borrower, the lender will struggle to provide a pre-approval. After that, it tends to get messy. How early in the process must the borrower be identified?

Lending 448

Lending Mortgages Technology Loans 448

Norada Real Estate

JUNE 22, 2022

” But, if an investor does not have that much cash in hand, finance is required to meet the purchase price of an investment property. In the case of a Non-Recourse Loan, the investor puts an asset forward. A turnkey rental property is a source of passive income for investors. What is a Turnkey Rental Property?

Finance 90

Finance FHA loan Investor Loans 90

Point2Homes

JUNE 23, 2021

Distressed properties can be a very attractive option for both homebuyers and investors. Often, dealing with the bank directly can allow you to pace your home buying decision and even provide a better deal. Foreclosure: the bank will begin the legal proceedings against the owner and the property will go into foreclosure.

Pre-approval 71

Pre-approval Banks Title search Inspection 71

HomeLight

JUNE 8, 2023

Investors who want to keep trading up would likely pick the second route, and use a 1031 Exchange tax deference vehicle to do it. Hire an investor-friendly real estate agent who can help you get access to off-market properties at a discount and assess potential rental income based on market trends. Which would you choose?

Purchase and sale agreement 98

Purchase and sale agreement Investor Title Pre-approval 98

Redfin

SEPTEMBER 2, 2020

If you have been pre-approved for a specific amount, the house may not appraise for a higher price bidding wars often get to. If that’s the case, the bank could reject your mortgage. 1) For real ammunition, get pre-approved for a mortgage. Hold firm to your budget and walk away if necessary.

Pre-approval 78

Pre-approval Loan contingency Agents Banks 78

Real Trends

JULY 21, 2022

First, there’s a chance that Zillow’s Market Reports are determined primarily by historical buying patterns in the area, and ignores central banking activity at the Fed that impacts affordability and, by proxy, home price growth. Lenders are rewriting mortgage pre-approvals, as they need to do every 90 days, and the rates are only climbing.

Marketing 85

Marketing Pre-approval Equity Mortgages 85

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. Even before the house goes on the market, some sellers pay for a pre-listing appraisal to gather information to help in pricing. Is a home appraisal required?

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Inspection Pre-approval Loans Finance 100

Rent, Buy & Sell

JANUARY 20, 2023

A foreclosure—the actual act of a lender seizing a property—is typically the final step after a lengthy pre-foreclosure process. Foreclosed properties are typically easily accessible on banks’ websites. After that, the foreclosure is deleted from the borrower’s credit report.3 Department of Housing and Urban Development (HUD).78

Pre-approval 59

Pre-approval Banks Loans Mortgages 59

McKissock

FEBRUARY 10, 2023

They are no substitute for an in-person consultation with a trusted financial expert—such as the person who currently manages your investments, if you have such a person, or a wealth management officer at your bank, or another reputable person who handles other people’s money for a living. your SS income. Think of Bernie Madoff.)

Pre-approval 69

Pre-approval Commercial Banks Property Management 69

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.

Pre-approval 83

Pre-approval Construction Development Agents 83

HomeLight

MARCH 16, 2023

The Greater Houston area is expected to continue being a hot investor marketplace this year as its 7.2 Learn more: 7 of the Top We Buy Houses for Cash Companies in Houston However, first-time or fair-weather investors facing high interest rates and inflation have created some challenges in the Texas market.

Sales 72

Sales Purchase and sale agreement Earnest money deposit Investor 72

HomeLight

JUNE 28, 2021

HUD’s Office of Housing also includes the Federal Housing Administration (FHA), an agency that insures mortgage loans issued by FHA-approved lenders to protect against losses if a borrower defaults on a loan. The buyer must work with a HUD-approved real estate agent/broker for all bidding (HUD homes are sold at auction). No problem!

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Pre-approval Pre-qualification FHA loan Inspection 99

Realty Biz

JANUARY 12, 2021

It also requires qualifying for a bank loan based on passing a set of rigid qualification standards. It means proving you are pre-qualified for a loan before you know what house you might buy. Once you have an offer accepted, a whole new set of people start looking at the agreement to see if they approve. Or seller financing.

Purchase and sale agreement 69

Purchase and sale agreement Pre-qualification Pre-approval MLS 69

HomeLight

JUNE 29, 2021

Your sale is more likely to close and close faster with a cash offer than with an offer that hinges on a mortgage approval. We asked Latif to break down how to evaluate cash offers from both traditional homebuyers and direct buyers like investors. Investors and flippers. Investors and flippers. Good question.

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Inspection contingency Proof of funds Inspection Pre-approval 60

HomeLight

AUGUST 31, 2021

It’s a DIY world, and she secured her loan ( with an equally awesome rate ) by going direct through her bank. This can include bank statements, credit reports, property appraisals, income verification, tax returns, assets, and liabilities. Lenders then use this info to weigh the financial profile of an applicant for approval.

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Mortgages Closing costs Loans Banks 83

HomeLight

MARCH 13, 2023

We’ve gathered insights from top real estate agents and investors to create this guide navigating Orlando’s cash home buyer market so you can sell your property in as fast a timeframe as you require. But Orlando’s cooling real estate climate with interest rates that nearly doubled since last year has taken its toll on investor activity. “In

Sales 89

Sales Investor Due diligence Renovation 89

McKissock

FEBRUARY 10, 2023

They are no substitute for an in-person consultation with a trusted financial expert—such as the person who currently manages your investments, if you have such a person, or a wealth management officer at your bank, or another reputable person who handles other people’s money for a living. your SS income. Think of Bernie Madoff.)

Pre-approval 52

Pre-approval Commercial Banks Property Management 52

HomeLight

AUGUST 31, 2021

A divorce, job move, or low bank account can all be strong motivators to go for the speed and convenience of a cash sale. The cash buyer will likely wire the funds over to your bank account in a process that all in all may take only a matter of weeks or even days. You get paid!

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Proof of funds Investor Due diligence Closing 144

The Close

DECEMBER 29, 2022

This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. If you want to work with real estate investor clients, read our own Sean Moudry’s simple, yet thorough run down: “ How to Explain 1031 Exchange Rules to Your Clients.” Deed in lieu of foreclosure. Related Article.

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

HomeLight

MARCH 23, 2022

If they have underwriting approval, versus just a preapproval, they’re a much stronger buyer than someone with just a preapproval letter. Once you’re preapproved, your offer on a home is more likely to be accepted because you’ve made it further in the mortgage approval process. Leslie Peterson. Real Estate Agent. Leslie Peterson.

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Pre-approval Marketing Inspection Finance 100

HomeLight

MAY 19, 2022

“As is” sales often attract investors searching for their next flip or buyers seeking a bargain, perhaps on a home in a great location with lots of potential. Especially if there are safety concerns, you’ll be looking for an investor to buy the home rather than a buyer willing to pay top dollar.”. Consider a pre-listing inspection.

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As-is Inspection Investor Closing costs 106

HomeLight

AUGUST 25, 2020

The overarching question, as you make your way down your pre-sale checklist , is likely something along the lines of: “How long is this going to take?”. Below are just some of the typical pre-listing preparations that Shapiro calls out as essential: Reduce clutter. Get a pre-listing inspection.

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Closing Pre-approval Inspection Days on market 117

HomeLight

OCTOBER 27, 2021

A foreclosure goes to the courthouse steps, and with such constraint on inventory, it’s going to be very competitive, with well-seasoned investors that have a lot of cash to buy foreclosures ,” he says. Whereas with a preforeclosure, you have the ability to finance that transaction and the benefit of seeing the property.

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Purchase and sale agreement Inspection Homeowner’s association Title 93