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Our Home Buyer Wasn’t Approved for a Loan—What Now?

Realtor.com

Although this is a major milestone on the march toward closing, there are many points where this deal can go off the rails—like if you find out your home buyer wasn’t approved for a mortgage. Why home buyers aren’t always approved for a mortgage. Still, pre-approval is not a guarantee that a buyer will get a loan.

Loans 133
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The Ultimate Guide to Buying a House in Georgia

Redfin

Georgia housing market insights The Georgia housing market has experienced some notable recent changes in demand and supply. Despite this shifting demand, the median sale price has continued its steady ascent, increasing by 1.3% Check out this article to learn more about the pros and cons of living in Georgia. year-over-year.

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The Ultimate Guide to Buying a House in Texas

Redfin

An overview of the Texas housing market The Texas housing market is rich in diversity, with plenty of options to suit different budgets and lifestyles. However, due to the recent hike in mortgage rates, the market has experienced a slight decline, with median sale prices dropping by 2.5%

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How to Avoid a Delayed Closing: 7 Common Roadblocks to Be Aware of

Redfin

You’ll want to rethink purchasing that beautiful new couch and hold off on planning those backyard additions before the title has been cleared. Unless you’re submitting an all-cash offer, you’ll need to obtain financing to purchase your home. The home appraisal is lower than the sale price. How to remedy the situation.

Closing 62
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Vital Steps to Take When Purchasing Your First Home

Realty Biz

By following these steps, you can easily navigate the real estate market. From three decades working as a Realtor, there are common denominators for first-time home buyers going through the purchase process with ease. This includes understanding the terminology, legal aspects, and financial considerations of purchasing a property.

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Is there racial bias baked into GSE underwriting?

Housing Wire

A recent syndicated article on racial bias from The Markup on racial bias, published by ABC news, AP, Market Watch and more, has drawn a great deal of attention from trade groups, policy makers and housing advocates with support from some and attacks from others. This rule remains in effect today.

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These Rent-to-Own Homes Programs to Help You Get Into That House

HomeLight

Through the Home Partners program, prospective rent-to-own homebuyers start by filling out a pre-qualification application. If approved, they move to submit a full application. This step includes a credit and background check, income verification documents, and requires an application fee.