Housing Wire

FEBRUARY 1, 2023

The slowdown in the Federal Reserve ‘s short-term rate hikes , announced on Wednesday, was welcome news for the mortgage market and solidified expectations that the 30-year mortgage rates will drop throughout 2023. The MBA forecasts a modest drop in mortgage rates through 2023, ending closer to 5%.

Pre-approval 377

Pre-approval Mortgages Banks Investor 377

Housing Wire

JANUARY 18, 2023

Columbus, Ohio-headquartered lender Lower rolled out mortgage as a service platform that enables consumer finance, banking and real estate companies to offer its mortgage products. . iBuyer Opendoor is Lower’s first mortgage platform customer, which Snyder said will help the platform expand its reach. . population.

Mortgages 358

Mortgages Pre-approval Lending Finance 358

Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. 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.

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HomeLight

OCTOBER 27, 2020

When you’re getting ready to start looking for homes, you’re probably dreaming about more space, a big backyard, or a garage, rather than low mortgage interest rates. Do you know the difference between pre approval vs pre qualified when it comes to mortgage loans? Bank statements. Don’t let that be you!

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Pre-approval Due diligence Loans Bankruptcy 104

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. Mortgage rates have nearly doubled to around 6.5% Mortgage rates have nearly doubled to around 6.5% Before the Federal Reserve raised the federal funds rate by 0.75

Mortgages 416

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 416

Housing Wire

JUNE 20, 2023

“With Figure’s built-in digital origination process, originators have a faster time to market with less upfront hassle, enabling them to serve more customers and quickly capitalize on the current rate environment,” Jackie Frommer, head of lending at Figure, said in a statement.

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Lending Technology Pre-approval Equity 329

Housing Wire

JANUARY 26, 2022

Tomo , a fintech mortgage startup run by former Zillow executives, is expanding its presence, announcing this week that it will now serve borrowers in Florida, Connecticut and Colorado. And they’re looking to capitalize on higher home prices and the market for jumbo mortgages. Presented by: Mr. Cooper.

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Mortgages VA loan Pre-approval Lending 325

Windemere Buying

FEBRUARY 24, 2021

To set yourself up for a smooth and successful home purchase , getting pre-approved is perhaps the most productive first step you can take. The Pre-Approval Process There is an important distinction to made between two important steps of your mortgage application process: pre-qualification and pre-approval.

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Housing Wire

JANUARY 8, 2021

For many of us, the start of a new year is usually synonymous with a renewed sense of professional self, focusing on new goals, new prospects for the year and, of course, the excitement for the upcoming spring real estate market. 2020 proved that we all need to work to find new ways to generate business.

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Lending Mortgages Pre-approval Loans 448

Housing Wire

APRIL 8, 2021

Here are some of the key tactics and pieces of advice, shared by industry professionals on the housing market’s front lines, that go into creating an initial offer to buy a home, along with the negotiations you should be poised for if you catch the seller’s attention. In an extremely competive market? NMLS #412915.

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Pre-approval Inspection Lending Staging 441

Realty Biz

JANUARY 29, 2022

It’s not a deal easily undone once the final papers are signed, so it makes sense to understand the ins and outs of mortgages before taking the leap into homeownership. Here are six mortgage mistakes to avoid (and what to do instead). Not Getting Pre-Approved. Get pre-approved for a mortgage.

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Housing Wire

FEBRUARY 28, 2023

Digital mortgage lender and nonbank home loan provider Better.com has launched “Equity Unlocker,” a mortgage innovation that allows employees to pledge vested stock equity as collateral for a down payment without selling their stock. Many companies provide their employees with equity over cash, adding to this issue.

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Equity Pre-approval Loans Finance 377

Housing Wire

NOVEMBER 30, 2021

Record-setting mortgage originations coupled with a resurgent private-label securitization market have created an expanding demand for loan underwriters at a time when they are in scarce supply. . The causes of the underwriter shortage are varied, but it is most pronounced in the private-label market, industry insiders contend.

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Due diligence Mortgages Loans Residential 364

HomeLight

DECEMBER 27, 2023

Speaking with a mortgage lender — or several — before you buy a home shows that you’re a serious consumer, but talking with one of these experts before you sell a house also has several benefits. That starts with determining what it will take to pay off your mortgage. Learn More 1.

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Realty Biz

MARCH 30, 2023

Regardless, there are many things that first-time home buyers aren't aware of when it comes to getting a mortgage. We've put together a brief mortgage guide with the key information you need to know. To get the best rate for your situation, be sure to look closely at each type of mortgage. Let's take a closer look.

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Mortgages Pre-approval Pre-qualification Due diligence 102

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.

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Pre-qualification Pre-approval Equity Finance 410

Realtor.com

NOVEMBER 28, 2022

designer491/Shutterstock What is a pre-qualification letter? A mortgage lender will give you this official document once you decide you might want to borrow money from the lender. So is it worth pursuing pre-qualification before bidding on a house? What to know about a pre-qualification letter.

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Housing Wire

FEBRUARY 21, 2023

It also holds great promise in attracting a new generation of bright, talented appraisers who may have otherwise not given the mortgage valuations industry a second look. Streamlining operations Once a borrower is approved for a mortgage loan, the process should run like clockwork. This isn’t just a theory.

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Housing Wire

JUNE 24, 2021

Mortgage startup Accept.inc announced Thursday it raised $90 million in debt and equity. 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.

Equity 337

Equity Proof of funds Pre-approval Investor 337

Keller Williams

AUGUST 17, 2022

The current real estate market may be shifting, but there is still plenty of opportunity for agents. Over the next several months, the housing market will be more in line with pre-pandemic market conditions,” shares KW chief economist Ruben Gonzalez. Connect with a Keller Mortgage Loan Officer.

Finance 90

Finance Pre-approval Loan Officer Mortgages 90

Housing Wire

AUGUST 23, 2023

According to Garg, the company has developed a one-day mortgage product that provides a commitment letter within 24 hours. It is possible, said Garg, because of Tinman, a platform that interacts directly with the customer — meanwhile, in other platforms in the market, a human extracts information from borrowers, he said.

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Debt-to-income ratio Technology Mortgages Pre-approval 361

Realtor.com

APRIL 29, 2021

Yuri_Arcurs/iStock; MattKay/iStock Buying a home and getting a mortgage typically go hand in hand. Yet home loans aren’t always easy to understand—and there’s a lot of misinformation out there about how mortgages work. “A And make sure you’re aware of the biggest misconceptions about home mortgages.

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Pre-qualification Pre-approval Mortgages Fixed-rate mortgage 122

Realty Biz

AUGUST 12, 2023

Buying a home is a significant decision, and understanding mortgage terms can make the process smoother. Here are some key terms and their definitions: Mortgage : A loan specifically used to purchase real estate. Fixed-Rate Mortgage : A mortgage in which the interest rate remains the same for the entire term of the loan.

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Purchase and sale agreement Mortgages Pre-approval Fixed-rate mortgage 97

Realtor.com

AUGUST 13, 2020

That’s especially true in the mortgage industry, where interest rates and the overall home loan landscape are shifting with such head-spinning speed, it’s easy for outdated information to circulate, leading home buyers and homeowners astray. There’s a lot of buzz about record-low mortgage interest rates lately.

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Realty Biz

DECEMBER 12, 2022

There are several things to consider when it comes to getting a mortgage. Most home buyers want to get the best mortgage rates and terms. We will cover everything you need to know about how to get a mortgage. What is a Mortgage? There are many different types of mortgages , including conventional, FHA, VA, and USDA loans.

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Debt-to-income ratio Mortgages Pre-approval Pre-qualification 88

Realty Biz

AUGUST 22, 2023

For new homeowners, signing on the dotted line means committing to a monthly mortgage payment that may be more than they have ever spent on housing. Many people are caught off guard when mortgage and homeownership expenses pop up. Your mortgage payment every month may include your homeowners insurance. That’s another expense.

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Lighter Side of Real Estate

JULY 27, 2022

Many prospective buyers are concerned about the interest rates, where the market is headed, and whether they’ll be paying too much for a house if they buy right now. While that last sentence may sound very fitting for today’s market, the reality is, buyers are almost always concerned about those three things. In theory, that’s true.

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Pre-approval Marketing Principal Mortgages 93

Realtor.com

NOVEMBER 2, 2020

While freelancing undoubtedly has its perks, helping you get a mortgage is not one of them. Since COVID-19 started tearing through the country in March, we’ve heard reports of freelancers having an even harder time getting approved for mortgages. Getting a mortgage as a freelancer (pre-coronavirus). What’s changed.

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Debt-to-income ratio Pre-approval Mortgages Banks 144

Realtor.com

APRIL 14, 2021

The housing market has been red-hot for a while, but the current market conditions make buying more of a challenge than ever. There is a shortage of houses in many markets. And while home prices may be high now, Schinkel points out that the market is continuing to appreciate. Get pre-approved ASAP.

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Pre-approval Mortgages Loans Banks 111

Realty Biz

FEBRUARY 7, 2023

Some people will search for mortgage lenders near me if they want their bank to be nearby. Figure Out What Mortgage Program Works Best When you start looking for a mortgage , one of the first steps should be deciding what loan terms you want. For example, do you want a 30-year fixed or adjustable-rate mortgage?

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Pre-approval Mortgages Pre-qualification VA loan 75

Housing Wire

MAY 16, 2022

In 2022’s changing market, non-QM has been a hot topic for many. Steven Schwalb: The investor appetite continues to be strong even in today’s volatile market. Steven Schwalb: The investor appetite continues to be strong even in today’s volatile market. Do they need a pre-closing investor review? Of that volume, $6.2

Investor 334

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Marco Santarelli

DECEMBER 26, 2023

The US housing market is showing signs of a bubble, with Fitch Ratings estimating that 88% of metropolitan statistical areas (MSAs) had overvalued home prices in the second quarter of 2023. Several factors are contributing to this, including: Rising mortgage rates: As mortgage rates increase, it becomes more expensive to buy a home.

Pre-approval 52

Pre-approval Marketing Mortgages Banks 52

McKissock

MAY 11, 2022

Before you log too many hours chauffeuring buyers from property to property, make sure they’re truly motivated to navigate the challenges of a hot sellers’ market —from competing with other buyers to committing to contracts that favor the seller. Explain the realities of a hot real estate market to “browsers.”

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Pre-approval Marketing Finance Loans 77

Realty Biz

FEBRUARY 12, 2023

Silverton Mortgage, a leading direct residential mortgage lender, is expanding its community and affordable lending efforts by offering down payment assistance programs by the Ohio Housing Finance Agency. Hall has been in the mortgage industry for four years and also has experience providing financial assistance to home builders.

Mortgages 79

Mortgages Pre-approval Lending Finance 79

Realtor.com

FEBRUARY 3, 2022

The answer to this question is all the more critical in today’s red-hot, warp-speed market, where you won’t stand a chance without a clear picture of your finances. How large a mortgage can you afford? “Banks commonly allow up to 28% of your gross income before taxes as your monthly house payment,” says Zigmont.

Debt-to-income ratio 105

Debt-to-income ratio Pre-approval Marketing Finance 105

Marco Santarelli

SEPTEMBER 22, 2023

Home prices have been rising rapidly in recent years, with some markets seeing double-digit growth. A housing bubble is a sustained but temporary condition of over-valued prices and rampant speculation in housing markets. Speculators pour money into the market, further driving up demand. Are We in a Housing Bubble?

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Pre-approval Fixed-rate mortgage Lending Equity 98

Redfin

JULY 11, 2023

In this comprehensive guide, by Redfin, we will delve into ten common questions about mortgages, offering valuable insights and expert answers. What is a mortgage? A mortgage is a loan specifically designed for purchasing a property, commonly a home. How does a mortgage work? What are the different types of mortgages?

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Pre-approval Mortgages Pre-qualification Debt-to-income ratio 59