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UWM expands DSCR offerings to real estate investors

Housing Wire

Dubbed “Investors Flex,” the non-QM product for real estate investors, offered purchase and refinance loans up to $2 million that could be used to finance up to 20 properties by using each property’s monthly rental income to qualify.

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Can I Roll Closing Costs Into My Conventional Mortgage?

Bigger Pockets

Some investors may benefit from rolling closing costs into their mortgage payments. We'll break down this strategy and explain if it makes sense for you.

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Who Pays The Closing Costs: Sellers or Buyers?

Bigger Pockets

Closing costs are a crucial aspect of any real estate transaction. We'll explain who pays closing costs and how they impact you as an investor.

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Optimal Blue PPE adds investor content from 54 state-based HFAs

Housing Wire

announced on Thursday that the Optimal Blue product, pricing and eligibility engine (PPE) has added investor content from 54 state-based housing finance agencies (HFAs). HFAs provide affordable homeownership options to low- and moderate-income borrowers through down payment and closing cost assistance, as well as reduced mortgage payments.

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Opinion: Title and settlement fees aren’t a barrier to homeownership

Housing Wire

The research found that title and settlement fees are neither regressive nor represent a significant component of the overall closing costs. Given the typical borrower is paying more than $7,000 in closing costs, that might be an understatement. In fact, neither is true. increase in fees).

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Yes, Cash Buyers Pay Closing Costs, and Sometimes Even the Seller’s Fees

HomeLight

Closing costs are assumed to be part of doing business in real estate, but do cash buyers pay closing costs? Yes, you can expect charges for attorney hours, taxes, plus title and recording fees to still apply, though the use of cash can greatly reduce a buyer’s closing costs with the elimination of mortgage fees.

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Homebuyer assistance programs rose to nearly 2,300 in 2023

Housing Wire

This allows people to become homebuyers as well as investors, a more common strategy in recent years that is known as “house hacking,” the report stated. This brought the nationwide tally up to 2,294, according to Down Payment Resource’s fourth-quarter Homeownership Program Index (HPI) report.