Marco Santarelli

MAY 20, 2025

Future of Housing Market After Redfin's Acquisition by Rocket Mortgage This isn't just another business deal; it's a pairing that could fundamentally change how many of us find, finance, and close on our homes. The Strategy Behind the Scenes So, why would Rocket, a mortgage giant, want to buy a real estate brokerage like Redfin?

Mortgages

Rochester Real Estate

NOVEMBER 5, 2015

Assets to be verified include bank statements, 401k and other retirement accounts, stocks or brokerage account statements, real estate owned and any other significant assets. Learn about some of the PROs and CONs of FHA mortgages here! He created Dream Home Financing to be a free information and lender match service to consumers.

Mortgages

Housing Wire

MARCH 15, 2024

Getting referrals and cozying up to the sell side Mike Kortas, CEO at NEXA Mortgage , sent a clear message to the over 2,300 mortgage LOs at his mortgage brokerage: “Keep your eyes open, keep your ears open, listen for opportunities that are going to present themselves, and be ready to assist more buyers.

Industrial

Housing Wire

AUGUST 23, 2024

Let’s talk about the brokerage aspect. What brokerage wants that publicity? Kleimann: One theory I’ve heard is that we’re going to return to a version of subagency for some buyers, especially in the lower price brackets, where maybe the buyer got an FHA loan and had to get a down payment assistance package.

FHA loan

Housing Wire

NOVEMBER 15, 2023

Ask the average real estate agent or broker in America if they believe the National Association of Realtors (NAR) and brokerages are likely to win the bombshell Sitzer/Burnett commission lawsuit case on appeal. If a Realtor represents a customer, they should not be incentivized to get the buyer a worse deal.”

Purchase and sale agreement

Marco Santarelli

MAY 27, 2024

FHA Loans: These are government-backed mortgages insured by the Federal Housing Administration. FHA loans are a great option for first-time homebuyers or those with a lower credit score. The good news is that FHA loans are typically assumable. USDA loans are designed to help finance homes in rural areas.

Debt-to-income ratio

HomeLight

APRIL 14, 2023

If the total amount of your closing costs plus your down payment is financially overwhelming, sometimes lenders will allow you to add the closing costs into the total amount of your loan, thus reducing the amount of cash needed at closing. For example, a discount brokerage may save the seller 0.5%-1% 1% of the listing commission.

Closing costs

HomeLight

AUGUST 16, 2021

FHA Within Reach Down Payment Assistance program is the FHA’s DPA program, though you’ll typically find this program offered through your state’s Housing and Finance Authority. This loan backed by the Federal Housing Administration is ideal for those with low savings or a just-OK credit score.

Loans

HomeLight

APRIL 14, 2023

For example, a discount brokerage may save the seller 0.5%-1% Can I add closing costs to my home financing? Keep in mind that if you opt to roll your closing costs into your financing, you’ll be paying interest on them for the life of the loan, costing you quite a bit more in the long run. 1% of the listing commission.

Closing costs

RIS Media

MARCH 19, 2021

This means that there is a clear operational, marketing, technology and customer service model for your brokerage to easily adopt and provide optimal value for the partner’s company. This allows you to fund all loans including FHA loans, thus maximizing revenue and increasing the customer experience.

FHA loan

HomeLight

SEPTEMBER 29, 2020

It’s always up to the real estate brokerage firm that’s writing up [the rent-to-own agreement] to clarify that, but for the most part, it’s usually on the buyer.”. I have written up some rent-to-owns where the seller is responsible up until a certain time period when the buyer actually gets a standard loan,” Aparo-Griffin says. “You

Inspection contingency

HomeLight

APRIL 12, 2023

Down payments vary by lender , borrower, and loan and can be as little as 0% (VA loans) or as much as 10% (jumbo loans). However, 3.5% (FHA loans) or 5% (conventional loans) is typical. This requirement protects the lender from potential loss if you default on the loan. 1% of the listing commission.

Closing costs

Marco Santarelli

NOVEMBER 19, 2024

FHA Loans: These are government-backed mortgages insured by the Federal Housing Administration. FHA loans are a great option for first-time homebuyers or those with a lower credit score. The good news is that FHA loans are typically assumable. USDA loans are designed to help finance homes in rural areas.

Debt-to-income ratio

The Close

APRIL 28, 2022

In today’s tight inventory market, trying to help buyers with financing and limited funds feels a little like getting into a boxing match with Mike Tyson. We’ll share our strategies to improve your offer by reducing the negative aspects of financing while creatively solving some of the other concerns a seller may have.

Rent back

Redfin

MARCH 28, 2023

That pre-approval will dictate what type of loan you qualify for and how much you can spend. If you are eligible for an FHA loan, you know you have to look for homes that will pass the FHA loan. If you qualify for a conventional loan, you can look for properties that can pass an FHA or conventional loan.

Pre-approval

HomeLight

JUNE 13, 2022

A rent-to-own real estate deal might work nicely for some, but it’s not for everybody ; there are more risks involved than with a financed real estate purchase, which is why most buyers choose to get a mortgage instead of renting-to-own a house. for an FHA loan. Work on your finances. Let’s dive right in!

Purchase and sale agreement

HomeLight

DECEMBER 22, 2022

As we’ll see, both the economy and local trends come into play, as well as your personal finances and job prospects. Chris Carozza ranks in the top 1% as an agent and brokerage partner in Stamford, Connecticut. Financing: How do mortgage rates play a role right now? But the answer isn’t as clear cut as “now” or “later.”

Debt-to-income ratio

HomeLight

APRIL 29, 2022

Graham will look for items that a seller could do easily to make the property financeable, making it more attractive to investors. “A If we can make it financeable for them, then that gives them more options.”. If your house complies with FHA, then it complies with most other lenders’ requirements. Advises on easy fixes.

As-is

Afford Anything

JANUARY 25, 2021

I’m torn between two options: Use the $20,000 to pay off my highest interest rate student loan (7.2 I’d apply for an FHA loan with a three percent interest rate. The first option will free up $200 of cash flow each month, which will accelerate my debt avalanche and result in less interest paid over the life of the loan.

Loans