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Mortgage rates might soar even higher

Housing Wire

We do not see new construction returning in a meaningful way any time soon. Marty Green, principal with mortgage law firm Polunsky Beitel Green , described increasing affordability pressures in the housing market as “throwing cold water on what was a frenzied residential real estate market.”. Kurt Carlton, President of New Western.

Mortgages 417
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5 Steps to Becoming a Real Estate Broker

Realty Biz

Find a Real Estate Pre-licensing Course. In some states, agents get pre-licensing training courses at a state-approved school. Pre-licensing courses teach real estate, ethics, legal matters, taxes, finance, contracts, and insurance. To get a real estate broker license, they must take pre-licensing courses.

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The strategy behind UWM’s multibillion dollar investment

Housing Wire

Ishbia is confident his firm can benefit from this trend by cutting prices for brokers and bringing more retail loan officers to its wholesale channel, whose market share currently stands at around 20%. billion in loans over the first six months of 2022 — for total proceeds of $871.7 UWM’s loan production income of $296.5

Equity 407
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Best Down Payment Assistance Programs for First Time Buyers

Realty Biz

HUD officially defines a first time buyer as: An individual who has had no ownership in a principal residence during the 3-year period ending on the date of purchase of the property. An individual who has only owned a principal residence that is not permanently affixed to a permanent foundation in accordance with applicable regulations.

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Should I Sell My House in 2022? Factors to Help You Decide

HomeLight

By waiting, you risk increasing interest rates that limit the number of qualified buyers as well as the size mortgage that lenders will approve. With a cash buyer, there’s no worry about mortgage approval or financing contingencies delaying the sales process. Read on for the reasons why 2022 might be the year to make your move.

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

Make sure clients who see an acceleration clause in their mortgage contracts understand that this allows their lender to demand repayment of the loan in full if they default on the loan. 4 Loan Questions Worth Asking. Basically, amortization is the preset schedule of mortgage loan payments, including interest, over time.

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Seven Predictions for 2023: The Grime Edition

Notorious ROB

To be fair, there were a number of big announcements, but the one I honed in on was this one: We plan to overhaul our current mortgage funnels away from third-party lead generation and toward Zillow Home Loans , and bolster our loan officers’ tools and capabilities to help the customers who come their way. Emphasis mine].

MLS 79