Redfin

JUNE 9, 2025

This protects both buyers and lenders —buyers avoid overpaying and starting with negative equity, while lenders ensure the home is valuable enough to back the loan. Homes close to highly rated schools, parks, grocery stores, and walkable streets tend to appraise higher. Lenders won’t finance more than a home is worth.

Purchase and sale agreement

Marco Santarelli

JULY 15, 2025

State-Specific Regulations: Each state has its own set of rules and regulations for the mortgage industry, affecting lender costs and, ultimately, rates. Plus, you'll build equity faster. Understand the Fine Print: Pay attention to the fees and closing costs associated with the mortgage.

Mortgages

Marco Santarelli

JUNE 16, 2025

State Regulations: Each state has its own set of rules and regulations governing the mortgage industry. These rules can affect things like closing costs, lender fees, and even how quickly a lender can foreclose if something goes wrong. All of these factors play a role in figuring how lenders can offer loans.

Mortgages

Marco Santarelli

JULY 2, 2025

The mortgage industry is competitive, and different lenders can offer significantly different rates based on their individual business strategies and customer profiles. Refinancing allows homeowners to adjust their loan terms, either lowering their monthly payments or accessing equity for renovations or other expenses.

Mortgages

BAM Media

MAY 15, 2025

With fewer bidding wars, todays buyers may find: Reconsidered offers from once-dismissive sellers More favorable termsincluding credits, repairs, or closing cost assistance An opening to get creative with financing or contingencies Corcorans advice? That shift in tone signals more than desperationits leverage for prepared buyers.

Closing costs

AAOA

MARCH 24, 2025

The appreciation that the property witnesses over time can help leverage your equity to invest in other properties. Consider partnering with a local real estate agent who knows your desired areas housing market, industry trends, and rental dynamics. After your offer is accepted, youll begin the closing process.

Property Management

Marco Santarelli

JUNE 15, 2025

This diversified base makes the economy more resilient to downturns in any single industry. People are being drawn by jobs and the lower cost of living, particularly millennials and Gen Z who are finding coastal cities out of reach, and even those in later life phases looking for more value. Youngstown Let's talk about Youngstown.

Investor

Norada Real Estate

JULY 2, 2025

The mortgage industry is competitive, and different lenders can offer significantly different rates based on their individual business strategies and customer profiles. Refinancing allows homeowners to adjust their loan terms, either lowering their monthly payments or accessing equity for renovations or other expenses.

Mortgages

Housing Wire

NOVEMBER 27, 2024

Because not only are we an industry that values the bottom line, we serve the spirit behind the American Dream of homeownership. Saving for the down payment and closing costs takes time, sacrifice and determination. As an industry, we must ultimately consider the bottom line. But I don’t think that’s true.

Equity

Housing Wire

FEBRUARY 13, 2025

Reverse mortgages were included in the assessment alongside options like Medicaid, Medicare, health savings accounts (HSAs), veterans benefits, LTC insurance and home equity loans. The reverse mortgage industry has aimed in recent years to position itself as a potential avenue to fund LTC directly or pay for LTC insurance.

Mortgages

Housing Wire

JULY 22, 2025

The enormous scale of the trade war initiated by President Donald Trump has the potential to upend practically every aspect of the economy, and the most vulnerable space in the real estate industry is homebuilding. But the companies and analysts say that input costs aren’t the primary drivers of their margin declines.

Construction

Housing Wire

DECEMBER 26, 2022

With the housing market slowing down from its pandemic-fueled frenzy, wire fraud threats, regulatory challenges and the perennial challenge of an aging workforce, the title insurance industry will have a lot to juggle in the new year. For the title insurance industry, she feels this will result in a thinning of the herd.

Title

Housing Wire

JUNE 8, 2022

We look forward to working with the enterprises, lenders, and other housing industry participants to further develop the ideas described in these plans.”. Mortgage industry stakeholders, including the Mortgage Bankers Association , have also pushed for the adoption of special purpose credit programs.

Equity

Housing Wire

APRIL 26, 2024

FHA will move forward with its proposal that permits contributions by the property seller, real estate agent, builder, or developer to HECM for Purchase borrowers’ closing costs,” the update said. Historically, mortgage lenders and originators have been prohibited from contributing to closing costs to protect borrowers.”

Closing costs

Housing Wire

APRIL 30, 2024

After the release of proposed new rules for the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program late last year, the reverse mortgage industry expressed a lot of excitement. Certner cited fair lending concerns and the potential of undue borrower influence. They’re using it to help shape the process going forward.

Mortgages

Housing Wire

DECEMBER 14, 2023

Part of the equitable housing plans’ approach to achieving more equity includes reducing the costs and fees associated with buying a home that are often cited as a homeownership barrier for low- and moderate-income and non-white households. In fact, neither is true. The authors say these are “not economically meaningful” differences.

Title

Housing Wire

JANUARY 17, 2024

The HECM for Purchase is not a refinancing tool; it is not akin to a Home Equity Line of Credit ( HELOC ). And after years of advertisements and TV commercials promoting the benefits of better-known reverse mortgage loan uses like continuing to live in your current home while tapping your home equity, 4 who could blame them?

Finance

Housing Wire

NOVEMBER 13, 2023

Any person involved in selling a home knows that you cannot increase the price of your home randomly to cover the cost of commissions and other closing costs. The market sets the price of the home, and it cares little for closing costs — or what the homeowner invested in it — when determining the price for which it will sell.

Closing costs

Housing Wire

JULY 2, 2024

After the reverse mortgage industry’s key performance metrics rallied in May, June fared slightly worse than previously telegraphed by case number assignments. Home Equity Conversion Mortgage (HECM) endorsements fell by 14.4% Equity takeout” loans — reverse mortgages that are neither purchases nor refinances — dropped by 4.8%

Mortgages

Housing Wire

MARCH 2, 2021

It combines the proven services and expertise of Premium Title and Springhouse Valuations to provide a full suite of customizable products focused on the home equity lines of credit (HELOC) market. Now, more than ever, the mortgage and real estate industries require efficient, cost-effective and reliable due diligence solutions.

Title

Housing Wire

JUNE 21, 2024

The Montana Board of Housing is aiming to remind the state’s seniors about a government-administered program that is specifically designed to help older adults access their home’s equity — and it should be very familiar to members of the reverse mortgage industry. This is where the RAM program can come into play.

Mortgages

Housing Wire

AUGUST 10, 2023

Mortgage , and/or Closing Cost Credit. For eligible borrowers at or below 80% AMI, the mortgage program allows a 3% down payment on a fixed-rate mortgage and the closing cost credit program provides up to $5,000 to use toward closing costs. Wells Fargo’s mortgage originations reached $7.8

Fixed-rate mortgage

Housing Wire

FEBRUARY 14, 2024

As a result, homeowners either must sell their current home and suffer through double moves and short-term rentals to access the equity they’ve accrued, or they have to make contingent offers that require the sale of their current house to close. HW: How has the proptech space evolved in the last 5-10 years?

Backup offer

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. These homeowners are seeking different retirement solutions to help allocate their home equity and make it more durable over the next 20 to 30 years.

Loan Officer

Housing Wire

AUGUST 21, 2023

The fastest-growing housing tech firm in 2023 was OptiFunder , which claims to produce the mortgage industry’s only optimization software built to systematically decision warehouse funding allocations and automate the complicated process of funding through loan sale. Based in Missouri, OptiFunder had a three-year growth rate of 4,767%.

Equity

Housing Wire

FEBRUARY 12, 2024

This is why it’s more important than ever for independent mortgage brokers across the country to establish themselves as an expert and trusted advisor in the mortgage industry. Do they need to tap into their equity to pay off other debts? Are they interested in buying, but worried about down payment and closing costs?

Mortgages

Housing Wire

AUGUST 19, 2024

Unspent funds allocated to the program can be put to use by assisting the state’s older residents with reverse mortgage financing at a relatively low interest rate when compared to either Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgages (HECMs) or proprietary product options.

Mortgages

Housing Wire

NOVEMBER 2, 2022

Rocket Mortgage is now offering a conventional loan option for buyers who want to purchase or refinance a manufactured home, which expands the home financing options in a rapidly shrinking industry. With interest rates now at 14-year highs, the cost of homeownership is becoming an issue for most prospective home buyers.

Loans

Housing Wire

OCTOBER 21, 2021

The resources help families with 80% or less of the area median income for down payments or closing costs, for example. million, two-year partnership with the Urban Institute to create a racial equity accelerator program. The total volume should not be lower than $100 million for each bank.

Banks

Housing Wire

APRIL 26, 2023

Bridge loans are popular among his clients since they allow homeowners to tap into their equity when buying a home, as well as a professional mortgage where buyers in a specific industry can make a 10% down payment without mortgage insurance, Parkinson explained. Niche loans consist of about 5% of Parkinson’s business.

Loan Officer

Housing Wire

NOVEMBER 21, 2022

The housing industry is at an unprecedented moment in time. This deficit greatly exacerbates the challenge of bringing equity to homeownership, particularly for low-to-moderate income (LMI) home buyers who are disproportionately people of color. trillion in mortgage origination volume in 2022.

Finance

Housing Wire

MAY 8, 2023

I pay the closing costs for veterans, first responders and educators to help expand homeownership among these groups,” said George Russell, a Texas-based Auction.com buyer. We] don’t want to foreclose on people with equity … [but] people don’t know they have equity or put their head in the sand.” in April. “[We]

Renovation

Housing Wire

NOVEMBER 13, 2020

Eventually, you purchased your first house, maybe got a home equity line of credit. And while there is no legal limit on how many times a mortgage may be refinanced, closing costs and interest rate cycles effectively limit the number of times any given homeowner will pursue this option.

Banks

Housing Wire

AUGUST 23, 2024

They have the money for the down payment, but they don’t have a lot of extra money for extra closing costs, aka commission, right now. This is where the next six months in this industry are going to become extremely interesting and extremely challenging in a lot of ways. How far is the agent going to take it?

FHA loan

Housing Wire

SEPTEMBER 7, 2023

But three multibillion-dollar class action antitrust lawsuits looming over the real estate industry may soon reshape how buyers interact with agents. If you’re not dealing with the top producing agents or teams in the industry, you may find that your client has gone away.”

Agents

Housing Wire

MAY 12, 2022

Worsening market conditions are only going to accelerate an already hyper-competitive mortgage lending industry that is still learning to adapt to post-pandemic homebuying behaviors. There’s no one to answer questions about DTI ratios, the down payment amount or closing costs at the moments they matter most. KPIs take a hit.

Lending

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. homeowners with mortgages (roughly 62% of all properties) saw their equity increase by a total of more than $3.8 What is home equity? According to CoreLogic , U.S.

Equity