Housing Wire

MARCH 1, 2021

The 30-year mortgage is easily the most popular and talked-about mortgage product out there. After all, in January 2021, 30-year loans accounted for a whopping three-quarters of all mortgage originations in the country. In fact, they could actually cost you more (often significantly more) if used incorrectly. USDA loans.

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Mortgages VA loan Loans Loan Officer 432

HomeLight

AUGUST 31, 2022

If you need assistance navigating the financial or tax implications of unlocking your home’s equity, HomeLight always encourages you to reach out to your own advisor. With the days of stimulus packages and low mortgage interest rates in the rearview, Americans are steeling themselves for a future with the potential for economic uncertainty.

Equity 101

Equity Finance Loans Closing costs 101

Housing Wire

MARCH 20, 2024

Ally Home , the residential mortgage lending arm of Ally Bank , is offering a $5,000 grant for eligible homebuyers in the select markets of Charlotte, Detroit and Philadelphia, the company announced on Tuesday. The upfront lump sum can be applied toward a down payment, closing costs or other expenses related to the homebuying process.

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Banks Closing costs Lending Equity 377

HomeLight

APRIL 20, 2023

Editor’s note: This post will help answer the question: How much are closing costs in Pennsylvania (PA)? The example costs provided are based on median home prices and typical fees. Your closing costs may differ depending on your circumstances and the terms of your home purchase. What are closing costs?

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Closing costs Closing Inspection Loans 77

Housing Wire

JUNE 9, 2022

Renovation financing startup RenoFi now offers a fixed-rate home renovation loan, which allows homeowners to borrow as much as 90% of their home’s after-renovation value — a move to target homeowners who don’t qualify for a home equity line of credit (HELOCs). Presented by: Auction.com.

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FHA loan Renovation Equity Loans 322

Housing Wire

MAY 25, 2023

Older Americans are sitting on more than $12 trillion in home equity, according to the National Reverse Mortgage Lenders Association (NRMLA)/ Riskspan Reverse Mortgage Market Index. Today’s market includes mortgage rates of above 6%, low inventory and elevated home prices, all contributing to affordability problems.

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HomeLight

NOVEMBER 29, 2023

Especially in today’s market, where inventory levels are low, and prices are soaring, aligning the timing and finances of both transactions can be particularly challenging. It leverages the equity in your current home, providing you with the necessary funds for a down payment and covering closing costs on your new property.

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Equity Loans Debt-to-income ratio Home sale contingency 96

HomeLight

DECEMBER 7, 2023

Enter the bridge loan – a short-term financing option. Bridge loans allow you to purchase a new home before selling your current residence, alleviating pressure and uncertainty while unlocking the equity in your current home. Bridge loans are great because they provide speed and convenience over traditional mortgages.

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Equity Loans Home sale contingency Debt-to-income ratio 100

HomeLight

NOVEMBER 29, 2023

In a market where inventory is limited, and prices are high, syncing the timing and finances of both transactions becomes a significant challenge. A bridge loan, also known as bridge financing, bridging loan, interim financing, gap financing, or a swing loan, is essentially a financial lifeline for homeowners like you.

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Equity Loans Debt-to-income ratio Home sale contingency 103

HomeLight

DECEMBER 15, 2023

A bridge loan is a short-term financing solution, giving you the necessary income to purchase a new home, even before you’ve sold your current one. A bridge loan is a practical, short-term financing solution designed to “bridge the gap” for homeowners like you. This is where a bridge loan comes into play.

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Equity Loans Debt-to-income ratio Home sale contingency 95

HomeLight

DECEMBER 13, 2023

Balancing limited time and finances may feel impossible in a market where inventory is tight and prices continue to rise. Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home.

Equity 101

Equity Loans Debt-to-income ratio Home sale contingency 101

HomeLight

NOVEMBER 30, 2023

This short-term financing option is designed to bridge the gap, allowing you to purchase your new home in New Jersey before you’ve sold your old one. A bridge loan, also known as bridge financing, bridging loan, interim financing, gap financing, or a swing loan, is a financial lifeline for homeowners like you.

Equity 100

Equity Loans Debt-to-income ratio Home sale contingency 100

HomeLight

NOVEMBER 30, 2023

In a market where inventory is limited, and prices are high, syncing the timing and finances of both transactions becomes a significant challenge. A bridge loan, also known as bridge financing, bridging loan, interim financing, gap financing, or a swing loan, is essentially a financial lifeline for homeowners like you.

Equity 92

Equity Loans Debt-to-income ratio Home sale contingency 92

Housing Wire

FEBRUARY 14, 2024

A majority of homeowners must sell their current home before they can qualify for a mortgage on their next home due to federal lending requirements around debt-to-income and down payments. Buy before you sell’ (BBYS) products like The Trade-In Mortgage powered by Calque eliminate the stressors caused by financing contingencies.

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Housing Wire

SEPTEMBER 8, 2022

Bank of America recently announced a loan for lower-income households that doesn’t require homebuyers to come up with a downpayment or closing costs, and doesn’t base the loan on a minimum FICO score. If they lost their job, they have a lot of equity in their home, and most likely their financials have gotten better over time.

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Loans Banks Equity Closing costs 544

HomeLight

NOVEMBER 30, 2023

Selling your home in Missouri and buying a new one often involves a tricky dance of timing and finances. Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home.

Equity 101

Equity Loans Debt-to-income ratio Home sale contingency 101

HomeLight

JANUARY 30, 2024

It’s a common dilemma: you must sell to finance your next home, but where do you live? This short-term financing tool could be the very thing you need to bridge the gap, allowing you to purchase your new Denver home before you’ve sold your old one. But a potential solution to this buy-sell conundrum is a bridge loan.

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Equity Loans Debt-to-income ratio Home sale contingency 91

HomeLight

NOVEMBER 29, 2023

A bridge loan is a short-term financing solution designed to bridge the gap, allowing you to purchase your new Hawaiian dream home before you’ve sold your current one. It’s worth noting that bridge loans go by various names, including bridge financing, bridging loans, interim financing, gap financing, and swing loans.

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Equity Loans Debt-to-income ratio Home sale contingency 89

HomeLight

DECEMBER 29, 2023

Selling your old home while looking for a new one in Dallas can be difficult, especially when juggling the complex timing and limited finances. Bridge loans rely on equity in your current home. This equity is utilized to provide the necessary funds for a down payment and to cover closing costs on your new property.

Equity 92

Equity Loans Debt-to-income ratio Home sale contingency 92

Realty Biz

JULY 12, 2023

As the cost of living rises, retirees should seek out ways to supplement their retirement income. A reverse mortgage program is one such income option for homeowners approaching retirement. They allow homeowners to convert the equity they’ve built on their home into cash without selling the home.

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Equity Mortgages Loans Finance 76

HomeLight

NOVEMBER 29, 2023

It’s a short-term financing option that helps you purchase a new home in New York before selling your old one, smoothing out the transition and fitting the pieces of your property puzzle together. In this scenario, the equity from your existing New York home is used to cover your new property’s down payment and closing costs.

Equity 86

Equity Loans Debt-to-income ratio Home sale contingency 86

HomeLight

DECEMBER 5, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. It hands you the cash needed for a down payment and covers those pesky closing costs on your new purchase.

Equity 92

Equity Debt-to-income ratio Loans Home sale contingency 92

HomeLight

DECEMBER 15, 2023

This short-term financing solution can provide the funds you need to secure your new Austin home before selling your old one. Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home.

Equity 91

Equity Loans Debt-to-income ratio Home sale contingency 91

HomeLight

DECEMBER 14, 2023

A bridge loan is a short-term financing option that allows you to buy a new home before selling your current one. Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home.

Equity 96

Equity Loans Debt-to-income ratio Home sale contingency 96

HomeLight

NOVEMBER 30, 2023

This short-term financing option is designed to help you purchase your new home in Maine before selling your old one, easing the transition and aligning the pieces of your real estate journey more smoothly. This is where the equity in your existing home steps in to cover the down payment and closing costs for your new abode.

Equity 97

Equity Loans Debt-to-income ratio Home sale contingency 97

HomeLight

NOVEMBER 29, 2023

In a market with limited inventory and high prices, aligning the timing and finances for both transactions becomes a significant challenge. This type of loan leverages the equity in your existing home, providing you with the necessary funds to make a down payment and handle closing costs on your new property.

Equity 89

Equity Loans Debt-to-income ratio Home sale contingency 89

HomeLight

DECEMBER 4, 2023

This short-term financing option in North Carolina can help bridge the gap, allowing you to purchase your new home before selling your old one and smoothing out the transition in this significant phase of your life. While generally costlier than conventional mortgages, bridge loans are crafted for convenience and speed.

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Equity Loans Debt-to-income ratio Home sale contingency 98

HomeLight

NOVEMBER 7, 2023

As a short-term financing solution, bridge loans empower you to leap ahead to purchase your new Oklahoma home before saying goodbye to your old one, helping you keep all the pieces in place without the interim shuffle. In simple terms, it’s a short-term loan that uses the equity in your existing home to help finance the new purchase.

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Equity Loans Debt-to-income ratio Home sale contingency 97

Real Trends

NOVEMBER 11, 2022

Real estate professionals navigating housing in 2022 and beyond need to know their way around all the financing options available. Without knowledge of lesser-known financing choices, real estate professionals can miss the chance to turn their customers into homeowners, or sellers. . Shared equity financing.

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Finance VA loan FHA loan Agents 106

HomeLight

NOVEMBER 29, 2023

This short-term financing option is designed to help you bridge the gap, allowing you to buy your new home in Washington state before you’ve sold your current one. It taps into your existing home’s equity , providing you with the necessary funds for a down payment and covering closing costs on your new property.

Equity 90

Equity Loans Debt-to-income ratio Home sale contingency 90

Housing Wire

MAY 3, 2022

Point now says it has raised $170 million in equity capital. WestCap Group , a New York City-based investor, led the funding with existing backers Andreessen Horowitz , Ribbit Capital , mortgage real estate investment trust Redwood Trust and Atalaya Capital Management participating, Point said Tuesday. Presented by: LERETA.

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HomeLight

NOVEMBER 3, 2023

Enter the bridge loan — a strategic, short-term financing solution designed to help you purchase that new dream home without waiting for your old one to sell. At its core, a bridge loan provides you with the equity you’ve accumulated in your existing home, allowing you to forge ahead with the purchase of your next Utah residence.

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Equity Loans Debt-to-income ratio Home sale contingency 99

HomeLight

SEPTEMBER 30, 2020

For a homeowner, that might look like not being able to make mortgage payments for a period of time. If a homeowner falls behind on their mortgage payments, a short sale is one potential way of correcting course. The lender handling the short sale may also agree to finance the buyer, cutting out the mortgage lender search.

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Short sale Closing costs Closing Sales 97

HomeLight

NOVEMBER 17, 2023

As a short-term financing option, bridge loans offer the unique advantage of helping you purchase your new home before you’ve sold your old one. This type of loan leverages the equity in your current home, giving you the financial flexibility to make a down payment and handle closing costs on your new purchase.

Equity 91

Equity Loans Debt-to-income ratio Home sale contingency 91

HomeLight

DECEMBER 13, 2023

This allows you to utilize the equity from your existing property and streamline the transition into your new home without needing temporary housing. To bridge this income gap, you can leverage the equity from your existing home for the down payment and closing costs on your new property.

Equity 105

Equity Loans Debt-to-income ratio Home sale contingency 105

HomeLight

NOVEMBER 29, 2023

Tailored as a short-term financing option, a bridge loan empowers you to leap ahead and purchase your new Idaho home before you’ve sold your current one, smoothing out the transition and keeping you on track towards your real estate goals. The same lender handling your new mortgage will often manage your bridge loan.

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Equity Loans Home sale contingency Debt-to-income ratio 87

Housing Wire

OCTOBER 16, 2023

Zillow research also found that a majority of homeowners with mortgages have locked in a rate below 5%, and are almost half as likely to consider moving. However, this rise in first-time buyers helps explain what’s driving demand and keeping upward pressure on prices in a market with mortgage rates currently surpassing 7%.

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