HomeLight

DECEMBER 29, 2023

This can be even more difficult in a market like Dallas, where inventory is scarce and prices are soaring. However, there’s a solution that you may not have considered: a bridge loan. If you need assistance navigating the use of a bridge loan in Dallas, HomeLight encourages you to reach out to your own advisor.

Equity 91

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

Housing Wire

FEBRUARY 15, 2024

But the good news is, more buyers have become aware of down payment assistance (DPA) options and are tapping into available resources for help, said Susanne Saller, a senior consultant at Caliber Home Loans. Every call I get, if they are first-time homebuyers, they ask, ‘Where can I get money for a down payment or closing costs?’”

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HomeLight

DECEMBER 5, 2023

That’s where a bridge loan in Connecticut can be your saving grace. A bridge loan is your short-term financial bridge, designed to help you purchase that new home while your old one is still on the market. What is a bridge loan, in simple words? How does a bridge loan work in Connecticut?

Equity 91

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

HomeLight

DECEMBER 15, 2023

Lining up the sale of your current home while trying to close the deal on a new one, particularly in a competitive market where inventory is low, may feel impossible. However, there’s one financial tool you probably haven’t considered – a bridge loan. What is a bridge loan, in simple words?

Equity 93

Equity Loans Debt-to-income ratio Home sale contingency 93

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. But there’s an alternative that might just be the solution you’re looking for: a bridge loan. What is a bridge loan, in simple words?

Equity 101

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

HomeLight

DECEMBER 13, 2023

This can be especially tough as the San Diego market is plagued by notoriously low inventory and high prices. But there’s an alternative you probably haven’t considered — a bridge loan. If you need assistance navigating the use of a bridge loan in San Diego, HomeLight encourages you to reach out to your own advisor.

Equity 103

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

HomeLight

NOVEMBER 30, 2023

Buying and selling homes in Maine often involves a tricky balance of timing and funds, especially in a market with low inventory and high prices. However, a solution might fit your needs perfectly: a bridge loan. What is a bridge loan, in simple words? How does a bridge loan work in Maine?

Equity 96

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

HomeLight

DECEMBER 15, 2023

With rising prices in a market where homes are in high demand, timing your sale and purchase can be particularly challenging. Enter the bridge loan. If you need assistance navigating the use of a bridge loan in Austin, HomeLight encourages you to reach out to your own advisor. What is a bridge loan, in simple words?

Equity 90

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

HomeLight

DECEMBER 7, 2023

Finding the perfect balance between selling and buying can be tough in a market where inventory is low and prices are high. Enter the bridge loan – a short-term financing option. If you need assistance navigating the use of a bridge loan in Washington, D.C., What is a bridge loan, in simple words?

Equity 99

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

HomeLight

NOVEMBER 30, 2023

Selling your old home and buying a new one in New Jersey often involves a tricky balance of timing and funds, especially in a market with low inventory and high prices. However, there’s a solution that could help align these moving parts more seamlessly: a bridge loan. What is a bridge loan, in simple words?

Equity 99

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

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. However, there’s a solution that might just make these puzzle pieces fit seamlessly together: a bridge loan. What is a bridge loan, in simple words?

Equity 94

Equity Loans Debt-to-income ratio Home sale contingency 94

HomeLight

DECEMBER 4, 2023

In a market where inventory is low and prices are high, synchronizing the sale of your current home with purchasing a new one adds an extra layer of complexity. But there’s a more streamlined solution that could be just what you’re looking for – a bridge loan. What is a bridge loan, in simple words?

Equity 96

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

HomeLight

DECEMBER 14, 2023

You might think your only choice is to sell your home, move out, and then scramble to find a new one, but there’s an alternative you likely haven’t considered — a bridge loan. A bridge loan is a short-term financing option that allows you to buy a new home before selling your current one. What is a bridge loan, in simple words?

Equity 95

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

Housing Wire

JANUARY 17, 2024

1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. The HECM for Purchase is not a refinancing tool; it is not akin to a Home Equity Line of Credit ( HELOC ).

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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. But there’s an alternative that might just be the solution you’re looking for: a bridge loan. What is a bridge loan, in simple words? How does a bridge loan work in Iowa?

Equity 91

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

HomeLight

NOVEMBER 29, 2023

Navigating the real estate market in Hawaii can often feel like a high-stakes balancing act, especially when you’re trying to sell your old home while buying a new one. This challenge becomes even more daunting in a market where inventory is scarce, and prices are soaring. What is a bridge loan, in simple words?

Equity 88

Equity Loans Debt-to-income ratio Home sale contingency 88

HomeLight

NOVEMBER 17, 2023

The balancing act becomes even more intricate when faced with low inventory and high prices in today’s real estate market. A bridge loan could be the key solution you’re searching for. 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.

Equity 90

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

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. However, a strategic alternative could smoothly bridge this gap: a bridge loan. What is a bridge loan, in simple words? How does a bridge loan work in Wisconsin?

Equity 88

Equity Loans Debt-to-income ratio Home sale contingency 88

HomeLight

NOVEMBER 29, 2023

Navigating the real estate market in Idaho can often feel like a high-stakes balancing act, especially when you’re caught between selling your old home and securing your new dream house. This challenge becomes even more daunting in a market where inventory is scarce and prices are soaring. What is a bridge loan, in simple words?

Equity 86

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

Housing Wire

JUNE 8, 2022

We do hope the GSEs start exercising market leadership [on special purpose credit programs],” a FHFA official said on a press call today. In its plan, Freddie Mac said it would purchase loans made with special purpose credit programs by lenders.

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HomeLight

OCTOBER 25, 2023

If you are relying on the equity in your current home to make a down payment on the new one, it may seem the only way the puzzle fits together is to sell, move out, and find a third location to live while you shop for the new house. Enter the bridge loan: a timely financial lifeline that lets you buy your new home before selling your old one.

Equity 95

Equity Loans Debt-to-income ratio Closing costs 95

HomeLight

NOVEMBER 29, 2023

This balancing act becomes even more challenging in a market with low inventory and high prices. However, a bridge loan could be the solution you’re looking for. If you need assistance navigating the use of a bridge loan in New York, HomeLight encourages you to reach out to your own advisor.

Equity 85

Equity Loans Debt-to-income ratio Home sale contingency 85

HomeLight

NOVEMBER 29, 2023

Balancing the sale of your old home with purchasing a new one in Washington state can be tricky, especially in a market where homes are scarce and prices are high. However, there’s a solution that could simplify this complex situation: a bridge loan. What is a bridge loan, in simple words?

Equity 89

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

Realty Biz

AUGUST 16, 2023

Home equity loans are a popular option for homeowners who want to tap into the equity they've built up in their homes. Understanding home equity loans and their associated interest rates is critical for making informed financial decisions. Research Interest Rates Home equity loan rates can be fixed or variable.

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Equity Loans Debt-to-income ratio Closing costs 79

HomeLight

NOVEMBER 7, 2023

The balance of timing and funds becomes even more precarious when faced with a competitive housing market where inventory is scarce and prices seem to keep climbing. Enter the bridge loan, a financial tool designed to bridge this very gap. Enter the bridge loan, a financial tool designed to bridge this very gap.

Equity 95

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

HomeLight

JUNE 30, 2023

If you need assistance navigating the use of a bridge loan in Florida, HomeLight encourages you to reach out to your own advisor. But before you resign yourself to months of mayhem, you may consider a bridge loan to streamline the process and reduce stress. Get Started What is a bridge loan, in simple words?

Equity 83

Equity Loans Closing costs Finance 83

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?

Closing costs 76

Closing costs Closing Inspection Loans 76

Housing Wire

APRIL 26, 2023

Roberts and thousands of other loan officers across the country continue to be hampered by a serious inventory shortage , which results in heavy competition for fewer deals. Strategies to differentiate themselves include buying leads, providing niche loans and getting on builders’ preferred lender list.

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Housing Wire

JANUARY 25, 2023

. “This program helps tear down these barriers and open more doors to the houses, neighborhoods, and lifestyles of our customers’ dreams, an investment that will help build a foundation for generations to come,” Kasey Marty, executive vice president of secondary marketing at Guaranteed Rate, said in a statement.

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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?

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Realty Biz

MAY 25, 2022

A Home Equity Loan and a Home Equity Line of Credit (HELOC) are not the same thing. In general, a home equity loan is a better financial tool for most consumers. Both are ways to finance large expenses by borrowing against the equity in your home minus closing costs. Especially a HELOC.

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Equity Loans Principal Finance 86

Housing Wire

AUGUST 10, 2023

The grant funds can only be used toward the down payment on a Wells Fargo fixed-rate conventional loan secured by a property that will be the purchaser’s primary residence. Mortgage , and/or Closing Cost Credit. Eligible buyers can combine the bank’s grant with other programs including — Wells Fargo’s Dream.

Fixed-rate mortgage 370

Fixed-rate mortgage Closing costs Lending Banks 370

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. Customer-facing technologies, particularly loan origination and decisioning software, are now standard in mortgage lending’s tech stack. Rates are rising.

Lending 370

Lending Marketing Pre-qualification Pre-approval 370

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.

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Housing Wire

FEBRUARY 12, 2024

Furthermore, the average consumer is likely unaware of the variety of loan options available to them through the wholesale channel. Rates are something we can’t control, so instead of trying to time the market, focus them on what you can control — finding the best option for your borrower that meets their expectations today.

Mortgages 458

Mortgages Loans Closing costs Industrial 458

RIS Media

AUGUST 5, 2021

If you’re thinking about refinancing your mortgage to lower your interest rate, you’ll have to pay a series of fees, which fall under the umbrella of “closing costs.” That doesn’t mean that you shouldn’t go ahead with your plans to refinance, but you need to understand how much it will cost so you can figure out if it’s worth it.

Closing costs 98

Closing costs Closing Principal Inspection 98

Housing Wire

SEPTEMBER 16, 2022

Rocket Mortgage and its wholesale arm Rocket Pro TPO will reduce homebuyers’ monthly mortgage payments by one full percentage point for the first year of their loan. in the first year of their loan, Rocket said. A day after Rocket’s announcement, UWM said it too would raise limits on conforming loans to $715,000.

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