Remove Closing costs Remove Equity Remove Residential Remove Technology
article thumbnail

Online bank Ally launches home grant program

Housing Wire

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.

Banks 419
article thumbnail

Opinion: Here’s what people are getting wrong about real estate commissions

Housing Wire

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Mortgage Rates Are Rising. Read This Before You Refinance.

Realtor.com

Lenders consider credit history, income and home equity when evaluating applications. Consider how many months it would take for you to recoup the costs of closing on a refi, along with how long you’ll be staying at this home. What if closing costs are too high? How will the equity in my house affect the situation?

article thumbnail

Opinion: Realtors, it’s time to raise your voice for consumers

Real Trends

And yet, in today’s world of technology, instant gratification and misinformation, local MLS broker marketplaces and real estate professionals can be taken for granted. You understand and provide guidance on the financial aspects of the transaction, like mortgage rates, closing costs and appraisals.

MLS 94
article thumbnail

Nearly 40 housing tech firms make the 2023 Inc. 5000 list

Housing Wire

LoanStar Technologies , which connects lenders with borrowers who are traditionally underbanked or unbanked, also made the list again. 469 LoanStar Technologies 1,241% 2016 Enabling lenders to connect and lend to customers who are traditionally underbanked or unbanked. Homelight , a platform for homebuyers and sellers, was No.

Equity 370
article thumbnail

Success with Millennial Real Estate Clients: Q&A with Dara Alperen Cipollone

McKissock

In 2002, when Dara Alperen Cipollone purchased her first home in East Boston, her real estate agent suggested she would be a great fit for residential sales. They are also concerned about whether the property they are pursuing will hold its value and appreciate so they can build equity.

article thumbnail

Opinion: Can tech and iBuyers fix the real estate market?

Housing Wire

commercial spaces/building and residential homes/townhomes) and inconsistent transactional processes, fragmentation in the market has prevented real-estate from adopting technology as quickly as other sectors – until now. So, what are the technologies and trends iBuyers are using to fix fragmentation in the market?

Marketing 384