Closing costs Loans Sales 
Housing Wire
JULY 11, 2025
My job as a loan officer is to help people prep and plan to buy a house. The Federal Reserve’s Q1 report on Household Debt and Credit shows that, on average, each American household has over $8980 in credit card debt, $12,480 in auto loans, $12,404 in student loans, and $4110 in retail cards and personal loans.
Housing Wire
JUNE 24, 2025
Rocket Mortgage , the home lending arm of Rocket Companies , announced Tuesday it will now offer bridge loans , a short-term financing option that helps homeowners tap into their equity while selling their current property. The maximum loan amount is $500,000. If not, borrowers can request a one-time extension. Rocket originated $21.5
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HomeLight
OCTOBER 28, 2024
One of the most important things that you should keep in mind is that there are several costs you’ll need to pay to finalize your sale. Nationwide, closing costs for sellers can range from 6% and 10% of a property’s sale price. Receive your offer in 24 hours and close in as few as 10 days.
Housing Wire
DECEMBER 9, 2024
By March, were likely to see a healthy uptick in sales. Heres your game plan: Check your credit: A score of 640 opens the door to FHA loans and down payment assistance programs. Save strategically: Even with down payment assistance, youll need some savings for earnest money and closing costs.
HomeLight
OCTOBER 31, 2024
In this post, we explore the question: Are closing costs tax deductible? What are examples of seller closing costs? When selling a home, you’ll encounter various closing costs as part of the process. On average, sellers pay between 2% and 5% of a home’s sale price in closing costs.
Housing Wire
OCTOBER 31, 2024
“They’ve got us by the balls,” said one mortgage pro in an interview between sales meetings at Mortgage Bankers Association (MBA) Annual 2024 in Denver. Indeed, FICO argued in March that its royalties constitute just 15% of a tri-merge credit report and 2/10ths of 1% of mortgage closing costs.
Housing Wire
DECEMBER 16, 2024
The family-run brokerage firm recorded some legal w ins and losses , developed new tools for agents and clients , and navigated one of the slowest years for home sales in nearly three decades. of the loan amount) at settlement to use toward their closing costs.
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