Housing Wire

FEBRUARY 1, 2021

The great promise of short sales and other distressed pre-foreclosure sales as a foreclosure alternative is most fully realized in a competitive and transparent online auction marketplace, according to recent data from the Auction.com Market Validation Program (MVP) for pre-foreclosure sales. Pre-Foreclosure Potential.

Sales 364

Sales Pre-approval Short sale MLS 364

Housing Wire

JUNE 24, 2021

By the time the average US homeowner retires, it’s often stated that 83% of their wealth will come from their real estate’s equity, however, the challenge is most homeowners don’t consider their home an asset. In 2020, Buyside clients closed close to $20 Billion in sales through Buyside, averaging over a 3000% ROI.

Pre-approval 297

Pre-approval Equity Loan Officer Brokerage 297

Housing Wire

AUGUST 22, 2022

The lender approved their application for a loan with a 2.25% interest rate, with a “conservative” estimated value of the house at $550,000, pending approval. How borrowers can stay afloat with home equity products during difficult economic times. The New York Times first reported on the lawsuit.

Loan Officer 369

Loan Officer Pre-approval Equity Loans 369

Housing Wire

MARCH 22, 2024

Get pre-approved with a local lender. Yes, many buyers will hop online and get a generic pre-approval letter. Offers are more likely to be accepted when the buyer’s agent can assure the listing agent that the lender has successfully closed other deals with them before. Instead, draw a firm boundary with buyers.

Agents 396

Agents Pre-approval Pre-qualification Inspection 396

Realty Biz

JANUARY 15, 2024

It's important to note that eligibility for a bridge loan will depend on factors such as your creditworthiness and the equity in your current home. One option is obtaining a home equity line of credit (HELOC) on your current property. Do I Need a Pre-approval to Buy a New House Before Selling Mine?

Pre-approval 105

Pre-approval Purchase and sale agreement Finance Equity 105

HomeLight

DECEMBER 27, 2023

Unlock Your Equity Faster With a Cash Offer Consider going through HomeLight’s Simple Sale platform to access the equity of your existing home quickly. You can close with your proceeds in as few as 10 days, compared to the months it often takes to sell the traditional way. Learn More 1.

Pre-approval 107

Pre-approval Mortgages Equity Principal 107

Housing Wire

AUGUST 29, 2022

billion in equity as of the second quarter, plus technology that can close loans faster than most competitors, aggressive pricing is a “multibillion dollar decision investment,” as Ishbia put it. His tangible net worth ratio (a proxy of how much equity you have relative to your total assets) is just under 30%.

Equity 403

Equity Loan Officer Loans Mortgages 403

HomeLight

AUGUST 31, 2022

If you need assistance navigating the financial or tax implications of unlocking your home’s equity, HomeLight always encourages you to reach out to your own advisor. homeowners with mortgages (roughly 62% of all properties) saw their equity increase by a total of more than $3.8 What is home equity? According to CoreLogic , U.S.

Equity 103

Equity Finance Loans Closing costs 103

Housing Wire

SEPTEMBER 2, 2021

The round includes $100 million of Series D equity and $263 million in debt financing – boosting HomeLight’s valuation to the tune of $1.6 It also allows sellers access to a network of pre-approved buyers to expedite the process. Lydia Jett of the SoftBank Vision Fund also participated. billion, the company claimed.

Pre-approval 297

Pre-approval Investor Technology Equity 297

HomeLight

JULY 25, 2022

The days or weeks between signing off on the contract and actually sitting down at the closing table are rife with obstacles and potential setbacks — it’s not called the closing “process” for nothing! But what about after you’ve closed on the home? There’s always the little things that come up after closing.

Closing 107

Closing Banks Inspection Renovation 107

Marco Santarelli

MAY 11, 2024

Home Equity Softening, Not Disappearing The report highlights a slight decrease in the percentage of homes considered “equity-rich,” where the loan value is less than half the estimated market value. This signifies that homeowners, by and large, still hold a healthy level of equity in their properties.

Mortgages 105

Mortgages Marketing Equity Pre-approval 105

Housing Wire

SEPTEMBER 29, 2022

MAXEX is an Atlanta-based fintech company that is backed by leading private-equity and capital-markets investors, including J.P. Facilitating forward-trading agreements, which allow platform users to sell loan pools at a future date with pre-negotiated terms and pricing.’. Morgan Chase.

Marketing 345

Marketing Pre-approval Investor Bankruptcy 345

Housing Wire

MAY 12, 2022

But it’s also possible for a homebuyer to apply and receive approval on a mortgage loan without them ever actually speaking with another human. Yes, a customer should be able to fill out a pre-qualification application digitally. Yes, a customer should be able to upload documents to a portal or receive a digital approval letter.

Lending 312

Lending Marketing Pre-qualification Pre-approval 312

Realty Biz

AUGUST 12, 2023

Equity : The difference between the current market value of your home and the amount you owe on your mortgage. As you pay down your mortgage or if the value of your home rises, your equity increases. Closing Costs : Fees and other costs that need to be paid when closing on a house. Common terms are 15, 20, or 30 years.

Purchase and sale agreement 97

Purchase and sale agreement Mortgages Pre-approval Title search 97

Realty Biz

MARCH 30, 2023

To get the best rate for your situation, be sure to look closely at each type of mortgage. Documentation and the Pre-Approval Process Pre-approval is a must for anyone looking to purchase a home. Be sure to have all of your documentation in order and ready to go before starting the pre-approval process.

Mortgages 102

Mortgages Pre-approval Pre-qualification Due diligence 102

Realty Biz

AUGUST 22, 2023

The true cost of homeownership goes far beyond your home’s sticker price, and it begins at the closing table. At closing, you’ll be responsible for the following: Title fees Realtor commissions Taxes Insurance Closing fees vary by state. Get pre-approved for a mortgage Once you find your lender, get pre-approved.

Pre-approval 75

Pre-approval Mortgages Equity Loans 75

CT Homes

FEBRUARY 13, 2024

We can close quickly! Review your savings, equity in your current home, and your ability to manage two mortgages, if it comes to that. Secure Mortgage Pre-Approval Knowing how much you can borrow is key when looking for a new home. Pressure to quickly find a new home, which may lead to compromises.

Pre-approval 75

Pre-approval Inspection Mortgages Staging 75

Realty Biz

MARCH 13, 2024

A lot of new buyers just eager for their new lives often miss some crucial steps during the buying process such as undergoing complete pre-purchase home inspection and understanding mortgage terms fully. This hastiness results in costly errors that could affect them financially and satisfaction with their purchase for many years ahead.

Pre-approval 67

Pre-approval Inspection Mortgages Finance 67

HomeLight

AUGUST 25, 2020

The overarching question, as you make your way down your pre-sale checklist , is likely something along the lines of: “How long is this going to take?”. home was on the market for an average of 24 days , with Ellie May estimating an average of 46 days to close on a purchase loan. Source: (Sarah Shaffer / Unsplash).

Closing 117

Closing Pre-approval Inspection Days on market 117

HomeLight

MARCH 6, 2023

The Bay Area is also close to beaches, national parks, and the wineries of Napa Valley. Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more. Loans are between 3%-3.5%

Closing 94

Closing Earnest money deposit Sales Title 94

Realty Biz

SEPTEMBER 30, 2023

They can help you navigate the mortgage process and identify suitable options based on your financial situation and provide you with a pre-approval. Tougher loan approval: Lenders may be hesitant to approve a mortgage application from someone with a low credit score. This adds an additional cost to your monthly payments.

Finance 97

Finance Debt-to-income ratio FHA loan Mortgages 97

HomeLight

JANUARY 5, 2022

They help clients save money by representing both sides and a pre-arranged discount.”. Not all states require you to hire a real estate attorney to buy or sell real estate, but it’s almost always advisable to get legal representation in a sale among parties with a pre-existing relationship. Don’t: Be lenient on the pre-approval step.

Pre-approval 106

Pre-approval Purchase and sale agreement Title search Title 106

HomeLight

JANUARY 3, 2024

It means the buyer and seller have agreed to the terms of the contract, such as the price, the closing date, the personal property, the earnest money, tax preparation, and contingencies.” The buyer may even be pre-approved by their lender, but there’s still work to be done before the financing officially comes through.

Purchase and sale agreement 105

Purchase and sale agreement Earnest money deposit Inspection contingency Pre-approval 105

Housing Wire

APRIL 22, 2024

If you opt for the handwritten note option, I’d shorten this by removing the last paragraph and jumping straight from the data to the closing sentence. I would be happy to give you an equity analysis and let you know how much equity you have in your home. I’d be happy to email you a copy of their pre-approval letter.

Brokerage 351

Brokerage Investor Agents Pre-approval 351

Housing Wire

AUGUST 23, 2023

The business combination closing, announced Wednesday, unlocks approximately $565 million of fresh capital, including a $528 million convertible note previously committed from affiliates of SoftBank and additional common equity from funds affiliated with NaMa Capital (formerly Novator Capital). Are we close to a market turn?

Debt-to-income ratio 360

Debt-to-income ratio Technology Mortgages Pre-approval 360

Redfin

DECEMBER 15, 2023

While this might sound like a small difference, it can translate into substantial savings over time including lower monthly payments, paying off the mortgage quicker, and even allowing homeowners to tap into their home equity for other expenses. Get pre-approved When is the right time to refinance your mortgage?

Fixed-rate mortgage 69

Fixed-rate mortgage Mortgages Title search Equity 69

RIS Media

SEPTEMBER 21, 2020

Approved for short sale : A term that indicates that a bank has approved a homeowner for a reduced listing price on a home, and said home is ready for resale. Closing : A meeting during which ownership of a home is transferred from seller to buyer, usually attended by the buyer, the seller, both real estate agents and the lender.

Pre-approval 76

Pre-approval Pre-qualification Title search Inspection 76

Realtor.com

NOVEMBER 28, 2022

The good news for home sellers is that over the past year, demand for homes has driven prices through the roof, pushing home equity to record levels. “There are bridge loans that will allow for short-term use of equity from your current property to serve as a down payment for the next property if this is needed.

Marketing 119

Marketing Pre-approval Equity Finance 119

Lighter Side of Real Estate

OCTOBER 11, 2023

As he built up equity and cash flow, he’d buy another property. That monthly surcharge will go away once you hit 20% equity on a Fannie Mae loan. Loans with owner-occupied terms typically require that you personally move into the property within 60 days of closing on the loan, and live in the property for at least a year or two.

Pre-approval 98

Pre-approval FHA loan Loans Investor 98

HomeLight

SEPTEMBER 20, 2022

If you’re in the market to buy a short sale home, you’ll need to prepare for a lengthy closing process and steel yourself to jump through some hoops not generally associated with traditional sales. More recently, however, the hot market of 2021-2022 saw homeowners with mortgages increase the equity in their homes by 27.8% Transactions.

Short sale 92

Short sale Sales Pre-approval Equity 92

HomeLight

OCTOBER 9, 2023

If you are approved for up to $450,000, I recommend shopping for homes between $350,000 and $425,000,” says Wordelman. “In Remember, closing isn’t over until the funds are received, so this is the time to negotiate.” A buyer could also ask for a closing cost credit, which can offset closing costs.”

Pre-qualification 99

Pre-qualification Pre-approval Agents Loans 99

Redfin

JULY 11, 2023

Once the borrower’s equity reaches 20%, PMI can be canceled. How does the mortgage pre-approval process work? Mortgage pre-approval is a crucial step in the homebuying process. Pre-approval provides a clear understanding of your budget and helps you focus your search on affordable homes.

Pre-approval 59

Pre-approval Mortgages Pre-qualification Debt-to-income ratio 59

Realtor.com

JANUARY 4, 2023

Inventory levels are still low, but there are more homes coming on the market; the bidding wars and mind-boggling offers over the asking price have died down; and buyers can once again insist on inspections, contingencies, and repairs before the deal closes. Watch: 5 Costs Buyers Should Prepare for During Closing.

Inspection contingency 133

Inspection contingency Pre-approval Mortgages Inspection 133

Realtor.com

JULY 9, 2021

The couple lived in a third-floor apartment with their two children in a pre-war building they loved on Manhattan’s Upper West Side. We kept it in the pre-war style of the building, so we maintained its spirit, but everything is modern and new.”. That’s what Praneet Gill, chief strategy officer at a tech startup, and her husband did.

Pre-approval 94

Pre-approval Renovation Finance Construction 94

Marco Santarelli

OCTOBER 6, 2023

Less Equity in Your Home: Without a down payment, you'll have less equity in your home initially. Equity is the difference between the market value of your home and the outstanding mortgage balance. With a lower equity, you may have reduced financial flexibility when it comes to selling your home or borrowing against it.

VA loan 52

VA loan FHA loan Pre-qualification Debt-to-income ratio 52

Point2Homes

SEPTEMBER 30, 2021

The Buyer Is Not Pre-approved for a Loan. Although buyers are not required to be pre-approved for a loan in order to buy a house, expecting them to be is perfectly reasonable. As a seller, you will save valuable time when dealing with pre-approved buyers. The Buyer Is Asking for Cashback.

Pre-approval 98

Pre-approval Proof of funds Inspection contingency Due diligence 98

Norada Real Estate

FEBRUARY 7, 2023

A reverse mortgage (or home equity conversion, as it is sometimes called) involves selling the equity in a home while retaining the right to live in that home until death (a life estate). It turns a home's equity into regular cash payments. Reverse mortgages work like traditional mortgages, only in reverse.

Mortgages 95

Mortgages Equity Loans Principal 95