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 405

Mortgages Loans Closing costs Industrial 405

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 102

Equity Finance Loans Closing costs 102

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 377

Loan Officer Equity Finance Loans 377

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 388

Loan Officer Mortgages Loans Closing costs 388

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 371

Loans Mortgages Land Finance 371

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 326

Banks Loans Equity Finance 326

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 376

Agents Loan Officer Lending MLS 376

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 482

Banks Loans Technology Mortgages 482

Realty Biz

JUNE 29, 2021

Housing industry experts have been pretty vocal about the benefits of refinancing a mortgage lately, saying homeowners can benefit from current low interest rates to save potentially hundreds of dollars a month on their loan repayments. Fannie and Freddie also refuse to back cash-out refinance loans for homeowners with less than 20% equity.

Equity 107

Equity Loans Closing costs Renovation 107

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 294

Lending Marketing Pre-qualification Pre-approval 294

Realty Biz

SEPTEMBER 3, 2023

Understand the Industry's Needs for Marketing The real estate industry has a long and intertwined connection with good marketing. So, if you want to work in this industry, you have to understand the role content creation plays. So make sure to read on and take notes!

Marketing 107

Marketing Industrial Closing costs Design 107

Real Trends

MAY 9, 2023

Be an advocate for local broker marketplaces and how the way commissions are paid create competitive, efficient markets for small businesses and ensure equity, transparency and market-driven pricing for home buyers and sellers. Advocate for local broker marketplaces Local MLS broker marketplaces create accessibility and ensure equity.

MLS 94

MLS VA loan Equity Agents 94

RIS Media

AUGUST 10, 2021

By increasing access to banking, credit-building opportunities and, ultimately, home financing, more Detroit residents will be able to build equity through homeownership, which increases neighborhood stability and opportunity for future generations.” . “Today, we are doubling down on that commitment.

Mortgages 98

Mortgages VA loan Equity Banks 98

Broke Agent Media

MAY 16, 2023

Only 43% of postponers have at least 50% equity in their homes, while 53% of active movers have 50% or more. Higher equity and greater wealth overall gives buyers and sellers more flexibility for moving, not to mention the ability to make more competitive offers. And clear up any misconceptions from confusing headlines.

Marketing 98

Marketing Purchase and sale agreement Construction Equity 98

Housing Wire

APRIL 10, 2024

The homebuyer also has the option to purchase an owner’s title policy, which protects the equity they build on the property. According to the publication, the CFPB will release a request for information on closing costs, including title insurance and other fees, as soon as late April.

Title 431

Title Closing costs Equity Mortgages 431

Realty Biz

MARCH 30, 2023

Also, make sure that you have a clear understanding of who is responsible for the closing costs and other associated fees. Refinancing works by taking out a new loan and using the funds to pay off existing mortgage and home equity loans. How Has Inflation Disrupted the Housing Industry?

Mortgages 102

Mortgages Pre-approval Pre-qualification Due diligence 102

RIS Media

AUGUST 20, 2021

A plurality of respondents who had not yet refinanced said that they did not believe they would save money, while more than a quarter were worried about high closing costs and fees. According to the survey, at current rates, a large number of borrowers stand to benefit from refinancing.

Closing costs 101

Closing costs Equity Mortgages Closing 101

RIS Media

JULY 19, 2021

As a small business owner and president of the National Association of REALTORS® (NAR), I want to set the record straight on misconceptions by some about the real estate industry. Commissions for real estate agents and brokers are negotiable. Always have been. Always will be. Let’s put that on the table right now.

Marketing 98

Marketing MLS Agents Closing costs 98

RIS Media

SEPTEMBER 21, 2020

The homebuying process is already complex, so understanding certain words and terms in the real estate industry will help you get ahead of the game for when you’re ready to start buying. Closing costs : Fees associated with the purchase of a home due at the end of the sales transaction. The fee, usually 0.3 – 1.5

Pre-approval 61

Pre-approval Pre-qualification Title search Inspection 61

Real Trends

MARCH 9, 2022

Despite strides made by technology to streamline the process of title searches, the title industry remains a people-centered industry. The lender wants to know the homebuyer, for instance, didn’t take on a second loan or home equity line of credit between when the home was purchased and later refinanced. Lifetime protection.

Title 107

Title Title search Land Closing 107

Marco Santarelli

APRIL 28, 2023

Another fee change is expected to take effect on August 1, following pushback from the mortgage industry. While some industry leaders have urged the FHFA to reconsider the rule, the FHFA has yet to make any announcements about delaying this particular rule.

Mortgages 98

Mortgages Debt-to-income ratio Loans Finance 98

Real Trends

MARCH 21, 2023

Or, who pays the closing costs when selling a home? It is a simple and effective way to stay connected with clients and stay ahead of the competition in the real estate industry. The data also reveals the questions people have about the topic. Does selling a home counts as a capital gain?

Agents 95

Agents Closing costs Design Equity 95

Fancy Pants Homes

JUNE 9, 2022

Nearly half of Americans (47%) say the higher cost of living is the greatest threat to financial security, feeling that rising everyday expenses threaten their long-term financial health, CNBC reports. Oftentimes, people stick with their current lender even though there are better offers in the industry.

Mortgages 59

Mortgages Due diligence Equity Fixed-rate mortgage 59

Redfin

JULY 11, 2023

Once the borrower’s equity reaches 20%, PMI can be canceled. Technological advancements have greatly simplified the document submission process for borrowers in the mortgage industry,” shares Ron Haddad Lending Team. What are closing costs? What documents are typically required for a mortgage application?

Pre-approval 59

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

HomeLight

JULY 30, 2021

New Mexico agent Valerie Almanzar , who has more than 15 years of experience in the real estate industry, says that while rent-to-own properties aren’t the norm these days, they can and do still happen. “If Additionally, a certain amount of the monthly rent is also typically stipulated to help cover the buyer’s closing costs or down payment.

Purchase and sale agreement 98

Purchase and sale agreement Debt-to-income ratio Pre-qualification Inspection 98

Redfin

JULY 27, 2023

Known for its thriving tech industry, beautiful green spaces, and rich cultural scene, Raleigh, NC offers a dynamic and inviting environment for residents and visitors alike. Advantages of buying a home in Raleigh Building equity Homeownership presents a unique opportunity to build equity over time.

Equity 46

Equity Due diligence New Construction Closing costs 46

HomeLight

JANUARY 27, 2021

A great agent also has relationships across the industry. Mortgage insurance is extremely common for first-time buyers, and it’s often the fastest way to achieve homeownership and start building equity today, rather than waiting until you’ve saved up 20% — an unrealistic feat for many buyers. Plus, it only costs between 0.5%

Closing costs 117

Closing costs Loans Inspection Earnest money deposit 117

HomeLight

SEPTEMBER 7, 2021

Whether it’s money saved, equity from the sale of a previous home, a cash windfall, or using a cash offer platform from a lender, buying a home for cash has become more and more common. Depending on if the home is being used as a primary residence or a rental property, [some of] the closing costs may or may not be deductible.

Loans 88

Loans Title Equity Mortgages 88

Realtor.com

JANUARY 26, 2023

There was a 9% rise in the number of lawsuits filed against real estate professionals from 2021 to 2022, according to data from Victor Insurance Managers, a firm representing over 14,000 real estate brokerages, mortgage lenders, and other industry professionals. But over decades, rents rise.

Marketing 91

Marketing Fixed-rate mortgage Closing costs Mortgages 91

Realty Biz

FEBRUARY 19, 2024

The parcels that dragged my portfolio down were the ones where I just thought “Oh that’s great discount for this piece of property, I know I’m buying it with equity, I’ll just list it for full market value and see who comes along.” They know the local building industry better than larger financial institutions.

Land 127

Land Due diligence Title search Finance 127

HomeLight

OCTOBER 11, 2021

Normally, when someone puts their house up for sale, they have some equity in the property and will walk away with money in their pocket after closing. The seller has enough equity in the home to cover the existing mortgage, and their lender isn’t involved in the sale, aside from providing loan payoff amounts at closing.

Short sale 72

Short sale Sales Banks Backup offer 72

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 350

Equity Technology Investor Lending 350

HomeLight

OCTOBER 25, 2021

Your home equity isn’t yet high enough to justify selling , meaning it’s a better financial decision to continue renting it out while you pay down the mortgage. If you enter a rent-to-own in a buyer’s market which later swings into your favor, you’ll take that loss while the buyer wins instant equity.

Purchase and sale agreement 95

Purchase and sale agreement Title Closing Equity 95

HomeLight

MAY 31, 2021

According to California real estate agent Mark Moskowitz , who has nearly 30 years of experience in the industry, buyers should be talking to their lenders about how to get the most out of every dollar — which leads us to question #2…. What is your average closing time frame, and do you guarantee the closing date?

Mortgages 58

Mortgages Debt-to-income ratio Loans Closing costs 58

HomeLight

APRIL 29, 2022

If you sell with their Flex List with Confidence option, they estimate sellers will pay 6% in commission costs based on industry averages. For both selling options, it’s estimated sellers will pay 1% in closing costs, which is standard for most real estate transactions. (An Does Offerpad pay closing costs?

Purchase and sale agreement 84

Purchase and sale agreement Closing costs Closing Staging 84

HomeLight

JANUARY 3, 2023

Price is a major factor, as are other details of the agreement such as whether you’ll cover any of the buyer’s closing costs, when you’ll agree to move out, and which contingencies will be included in the contract. Closing costs. Both buyer and seller will have costs to cover at settlement.

Purchase and sale agreement 98

Purchase and sale agreement Inspection MLS Inspection contingency 98

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 243

Title Lending Due diligence Title search 243