article thumbnail

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.

article thumbnail

Divvy Homes hits $2 billion valuation after latest funding round

Housing Wire

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How loan originators survived a cutthroat mortgage business in 2023

Housing Wire

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
article thumbnail

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! Time flies when you’re having fun, right?

article thumbnail

Buying REO Homes? Here’s What to Do — And What Not to Do — According to Experts

HomeLight

“One of the best lessons I have learned over the years from other investors is that you don’t find deals, you make them,” explains Mark Motes, a real estate investor at Mark Buys Houses , who buys fixer-upper properties in the Birmingham, Alabama, market with a team of local experts. There is never a perfect investment situation.

Banks 103
article thumbnail

Why Can You Pay $2,000 in Rent (Or Any Other Amount) but Not Be Approved for a Mortgage That Costs the Same Amount per Month?

Lighter Side of Real Estate

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. But it isn’t quite that simple.

article thumbnail

How to Become a Property Manager in 7 Easy Steps

The Close

Work with real estate investors to help them market and lease their properties, collect the rents, and occasionally make repairs… How hard can it be? These can include additional insurance and specialized bank accounts. Besides, some may even pay you to show properties or conduct pre-leasing and exit walk-throughs.