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Reverse purchase financing: The financing option no one is talking about

Housing Wire

Rather, it’s an age-specific, federally-insured loan option that helps eligible buyers aged 62+ make a residential purchase while retaining more of their money than they could with a conventional mortgage or an all-cash purchase, generally leaving their savings and assets intact for retirement and any heirs.

Finance 445
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Despite a drop in mortgage shoppers, opportunities are out there: report

Housing Wire

In times as tough as these, mortgage lenders must be proactive in borrower outreach and find consumers’ home finance needs if they’re going to close a deal, a new report by mortgage relationship data company Sales Boomerang concludes. Rocket launched a similar product in September. Rocket launched a similar product in September.

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Surging mortgage rates prompt borrowers to leave no stone unturned

Housing Wire

When borrowers show hesitancy due to high mortgage rates, loan officers work with options such as temporary rate buydowns, which allow homebuyers to receive lower mortgage rates at the start of their loan terms by using seller concessions as part of the payment. retail residential mortgage applications.

Mortgages 370
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Will new products stop the bleeding for mortgage lenders? 

Housing Wire

The company also launched temporary rate buydowns, which allows borrowers to receive lower mortgage rates at the beginning of their loan terms by using seller concessions as part of the payment. It comes at a time in which the housing market favors buyers and seller concessions become more frequent.

Mortgages 396
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Let’s Make a Deal! 7 Things You Can Negotiate When Buying a Home—Beyond the Asking Price

Realtor.com

But even in a seller’s market, there are myriad opportunities to negotiate, from requesting home repairs to offering a speedy closing. Tailoring your offer to meet the holistic needs of the seller is usually the best strategy getting your offer accepted,” says Ryan Dibble , chief operating officer of real estate startup Flyhomes.

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17 Tips to Sell Your House in a Down Market

HomeLight

Being aware of the real estate market trends, especially in your area, is important because buyers who are shopping for their next home are closely weighing their choices in regard to affordability. Offering different seller concessions to potential buyers can help make your house stand out and give that extra nudge for a faster sale.

Marketing 110
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8 Signs of an Increasing or Declining Real Estate Market Trend

McKissock

Besides location, one of the most important factors in a residential property’s value is the health of its local real estate market. Appraisers should pay close attention to various current events that may indicate a softening or imbalanced market, or conversely, a robust, healthy real estate market. Increase in seller concessions.