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How the Fed’s rate hike will affect the housing market

Housing Wire

Consequently (it) will shrink the buyer pool,” Yun said, adding: “Sales could fall even further with some inventory sitting on the market for more than a month like in the pre-pandemic days.”. After revisiting one of his client’s pre-approvals from last year, he had to call to scale down the $300,000 mortgage to about $260,000. “It’s

Marketing 414
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How to Become a Real Estate Agent in Florida in 5 Easy Steps

The Close

Once your application is approved by the DBPR, you’ll receive an official authorization letter from Pearson VUE with instructions to schedule your license exam. Find a Principal Broker to Hire You. The only thing you need to do now is to get hired by a Florida real estate brokerage. Cost: No cost Time Commitment: 1-3 months.

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The strategy behind UWM’s multibillion dollar investment

Housing Wire

On top of competitive rates, getting approved for a mortgage has to be an easy and quick closing process for the customer, said Kevin Leibowitz, CEO of brokerage Grayton Mortgage. Using artificial intelligence, Bolt allows brokers to do a pre-underwrite, which an underwriter looks at within four hours or so, according to Hussam. “I

Equity 404
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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

How else would you and your clients understand how much is being paid in principal and interest over the years? If your clients are concerned about getting approved for a loan, you can remind them that a co-borrower agrees to back the borrower in a mortgage loan. Original principal balance. Pre-approval.

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Seven Predictions for 2023: The Grime Edition

Notorious ROB

Opendoor can try arguing that Opendoor Connect is a licensed real estate brokerage, and its listings are agent listings belonging to the main tab. Sure, the brokerage part is hurting badly because of the housing market, but the website remains as vital and as viable as ever. Zillow right now.

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