HomeLight

JUNE 15, 2023

After finding their dream home and signing the purchase contract , most buyers feel on top of the world … until they see the Loan Estimate or preliminary closing statement (if buying in cash). Did the closing costs for the buyer in particular catch you by surprise? Get Started What does a buyer pay in closing costs?

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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. Consumers who are introduced to the HECM for Purchase loan option are often skeptical at best, with many thinking it’s too good to be true.

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Housing Wire

OCTOBER 4, 2022

“As a result, we’re bringing greater clarity to the process for consumers and professionals alike, and empowering loan officers and lenders to redirect their human resources away from manual tasks like researching closing fees and toward more complex functions like marketing, sales and customer service.”.

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Housing Wire

NOVEMBER 7, 2023

Adding this cost to their side of the transactions would throw the vast majority of them out of the market entirely.” Despite higher mortgage rates , demand for FHA and VA loans has been on the rise. “But agent commissions have never been a closing cost from a buyer perspective. Grant said.

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Housing Wire

FEBRUARY 14, 2024

This model is still expensive for homeowners because they are paying duplicate closing costs and leaseback fees. The third iteration was pioneered by Calque and is the most cost-effective model of the three. That also means local agents can keep working with loan officers they know and trust.

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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. Today’s market includes mortgage rates of above 6%, low inventory and elevated home prices, all contributing to affordability problems. last year.

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Housing Wire

SEPTEMBER 7, 2023

At a time when affordability is constraining first-time buyers from entering the market and interest rates are still expected to climb, “it’s going to do nothing but hurt the potential buyer,” argued Michael Borodinsky, a vice president and branch manager at Caliber Home Loans.

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Housing Wire

FEBRUARY 15, 2024

They made good money, but with student loans and car payments, they didn’t have the money for the down payment and closing costs,” Saller said. Every call I get, if they are first-time homebuyers, they ask, ‘Where can I get money for a down payment or closing costs?’” It’s really about access to credit.

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Housing Wire

APRIL 3, 2024

The plaintiffs claim they hired independent mortgage brokers, believing the wholesale channel was the best option for getting affordable mortgages because these professionals can shop around — a different model from loan officers employed by retail lenders. “As

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Housing Wire

SEPTEMBER 21, 2022

The following five accounts showcase how lenders and loan officers can use TikTok to brand themselves as well as entertain and educate home buyers. . Scott Betley is a loan officer for NFM Lending with more than 10 years of experience helping first-time home buyers and move-up buyers. Scott Betley ( @thatmortgageguy ).

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Housing Wire

FEBRUARY 5, 2021

HW Media CEO Clayton Collins and Scott Happ, president of Secondary Marketing Technologies at Black Knight, discuss Black Knight’s acquisition of Optimal Blue and what the industry can expect from the company’s new Secondary Marketing Technologies division. According to the NMLS, Owning has 62 loan officers and was formed in 2018.

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Housing Wire

FEBRUARY 1, 2023

“The streamlined process and certainty One-Time Close New Construction loans offer is unmatched and will set brokers up to be the hero with builders, real estate agents and contractors, and get their borrowers in their dream home,” Mat Ishbia , president and CEO of UWM, said in a statement.

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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. Market research backs that up. Scale for scalability’s sake doesn’t mean anything if a company has to contract at the first sign of market stress.

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Housing Wire

FEBRUARY 3, 2023

The loan program can’t be extended, relocked or renegotiated until after the lender receives a fully executed sales contract and is only eligible for up to 30 days of extension. With 466 branches across the country, the lender has more than 1,910 active loan officers, according to mortgage data platform Modex.

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Housing Wire

SEPTEMBER 16, 2020

In an interview this week with HousingWire, the 40-year-old Ishbia dished on how the third quarter is shaping up , capacity limits in the mortgage industry, the likely impact of the upcoming adverse market fee , and the company’s latest low-rate mortgage product, a 30-year fixed cash-out refi at rates as low as 2.5%.

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Housing Wire

APRIL 25, 2023

The goal of Asset Analysis is to automate the labor-intensive process of reviewing assets and multiple bank statements during underwriting to determine the likelihood that the borrower will have sufficient funds to cover down payments, closing costs, and reserves for the mortgage transaction.

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Housing Wire

FEBRUARY 19, 2021

5 tips for buying a home in a seller’s housing market. A homebuyer’s guide to a competitive housing market. Your lender is going to require an adequate home insurance policy before they’ll close on your loan. If there’s an error, report it to your loan officer as soon as possible. Home insurance hiccups.

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Housing Wire

MARCH 1, 2021

But now that it’s all but certain we are coming into a true purchase market, the unknown and uncertainty that is the period prior to close will once again come under more scrutiny. With a purchase market, of course, comes higher production costs and weaker margins. There’s just a lot more to a purchase mortgage.

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Housing Wire

FEBRUARY 10, 2022

trillion in single-family loans in 2021, about two-thirds of which were refinances. Freddie Mac also reported that its serious delinquency rate, which has been consistently lower than the rest of the market, is now 1.12%. That figure includes loans in forbearance, if they are past-due based on the loan’s original terms.

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Housing Wire

MARCH 1, 2021

Will we have a buyer’s housing market in 2021? USDA loans. Though USDA loans are technically reserved for homes in “rural” areas, you’d be surprised at how much of America actually qualifies for these mortgages. They usually come with lower closing costs, too, making them a great way to save both time and money.

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Housing Wire

DECEMBER 22, 2020

They’ll send out an appraiser, who will analyze the property and local market to assess its worth. A homebuyer’s guide to a competitive housing market. As long as you go through with the deal, the deposit will go toward your closing costs and down payment. More for Real Estate Enthusiasts. Buying a home? Earnest money.

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Realty Biz

JANUARY 19, 2024

By following these steps, you can easily navigate the real estate market. It takes a special loan officer who knows exactly how to work through these issues to help make their first purchase go smoothly Calculating Your Budget Determining your budget is a crucial step in the home-buying process.

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Housing Wire

OCTOBER 20, 2023

With its potential to reach new clients and gain tremendous ROI, social media has become one of the most effective marketing tools for businesses big and small. Market updates Future clients, whether buying or selling, want to feel assured that their real estate agent has a firm grasp on the happenings of the market.

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HomeLight

SEPTEMBER 13, 2022

Before you make any move, it’s important to examine the current housing market and listen to what the experts are saying about inflation’s impact on homes. This is an in-depth look at how inflation is affecting the housing market, and what it means for you. We’ve been in a seller’s market for the last 10 years, and real estate cycles.

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Real Trends

JANUARY 4, 2023

But since then, interest rates have soared, and agents are navigating a historic decline in the market. Even while the market is slowing, people still need to move. These findings can help new agents better prepare their first-time buyers for the unique challenges in today’s market. In today’s market, this may come in handy.

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Realtor.com

MARCH 12, 2021

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. If you can recoup closing costs within two years and plan to stay in your house for longer, the savings on interest means the math will likely work out in your favor.

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Marco Santarelli

NOVEMBER 1, 2023

The current state of the housing market has led to an affordability crisis that could extend the time it takes to break even on a home purchase. The Housing Market Affordability Challenge The cost of buying a home has skyrocketed in recent years, with home values reaching record highs and mortgage rates at their highest in two decades.

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Real Trends

NOVEMBER 11, 2022

Today’s turbulent housing market means challenges for both buyers and sellers. As real estate professionals keep the challenges of our current market in mind, the financing options below can pave the way to deals that may otherwise not be possible. USDA loans. 2-1 buydowns. This option is increasing in popularity.

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HomeLight

JUNE 20, 2023

In Arizona, for example, a title company or notary would have the seller sign closing documents 1-2 days prior to closing. A title company representative or loan officer may officiate the closing. Final documents can be signed remotely and overnighted after being notarized.

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HomeLight

JUNE 19, 2023

Save thousands when buying a home HomeLight recommended real estate agents are top-tier negotiators who understand the market data that helps you save as much as possible when buying your dream home. Many DPA programs can be used to cover closing costs , too, as that’s another large chunk of change you’ll owe at closing.

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Realtor.com

MARCH 8, 2021

Lenders will closely review the project plans to ensure the quoted costs are aligned with current market costs, and will also estimate a financial cushion for budget overrun, or in case the borrower makes any upgrades once construction is underway,” Kaminski explains. How to get a construction loan. “It’s

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Realty Biz

JANUARY 19, 2023

It’s important to note that, if you’re buying a house in cash, you’ll still need to pay closing costs and any applicable taxes. Homeowners who take out a mortgage can deduct the interest paid on the loan from their taxes. Instead, you can buy the home outright, using the money you’ve saved up or inherited.

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HomeLight

OCTOBER 15, 2020

Many wishful homeowners would just keep on driving and try to forget that their dream home is on the market … but you know how to apply for a USDA loan, so you turn your car around and head home to do just that. For a USDA loan, you should have a minimum FICO score of 640. is for sale. Get preapproved.

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HomeLight

MARCH 16, 2023

As the spring 2023 real estate market begins to blossom, prospective homebuyers are weighing the advantages and disadvantages of purchasing a house during this popular season. “I As her market shifts toward its spring season, Taylor says she often sees sellers who have deliberately waited through wintertime to put their home on the market.

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RIS Media

JUNE 1, 2021

” For instance, Rocket Mortgage has VIP service that pays for part of a buyer’s closing costs, an amazing perk for clients across the board. “In this competitive market, buyers can’t ask sellers for closing costs, so this helps them out a lot,” says Markendorf.

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Realty Biz

NOVEMBER 7, 2020

In an encouraging series of moves for the housing market, several different banks have introduced programs in recent months that aim to make it easier for Black Americans to buy their first home. Portrait of african american family taking a selfie together with digital tablet at home. Family and lifestyle concept.

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HomeLight

NOVEMBER 10, 2021

Due to its popularity and coastlines, the cost of housing in Florida can be exceptionally high, but that also depends on where you’re searching. The nationwide demand for housing has also increased during the coronavirus pandemic, pushing up housing costs even more. Forgivable loans for first-time Florida homebuyers.

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