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FinLocker raises $17M in Series B funding round

Housing Wire

The investment from Radian Group and existing shareholders will enable FinLocker to introduce a suite of new features and tools designed to optimize the homebuying and homeownership experience. million in pre-seed funding in 2016. It already has more than 40,000 registered customers.

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Mortgages with Low Credit Scores - Your Guide to Affordable Home Financing

Realty Biz

Mortgages with Low Credit Scores Mortgages with low credit scores can appear challenging, but there are options available. Understanding how a low credit score affects your mortgage and exploring government-backed programs can help you navigate the process. Can you buy a house with bad credit?

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LOs and brokers, are you prepared for an evolving workforce?

Housing Wire

Between significantly fewer refinances, rising mortgage rates and housing inventory nearly cut in half since 2020, loan officers (LOs) and brokers face a pivotal time where adaptation is a must for success. With an anticipated doubling in market share in 2022 , non-QM products are top of mind for almost every mortgage industry professional.

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The Difference Between a Real Estate Agent and a Mortgage Broker

Windemere Buying

One important distinction to be made is the difference between your real estate agent and your mortgage broker. Real Estate Agent vs. Mortgage Broker Both real estate agents and mortgage brokers are licensed professionals who play a pivotal role in the home buying process by bringing parties together to get a deal done.

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How chatbot technology can help real estate agents

Realty Biz

Here are several ways in which chatbots can assist real estate agents: Lead Generation: Chatbots can automate lead capture and qualification processes. Mortgage and Financing Assistance: Chatbots can assist clients in calculating mortgage affordability, estimating monthly payments, and explaining financing options.

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Bridge Loans in Ohio: Smart Equity Use to Buy Before You Sell

HomeLight

It’s designed for homeowners like you who are in the midst of transitioning from your current home to a new one. These loans are generally short-term and, admittedly, can be more costly than traditional mortgages. Stricter qualification criteria: Qualifying for a bridge loan can be more demanding than for a traditional mortgage.

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7 Things Sellers Need to Know About FHA Loans When Fielding Offers

HomeLight

Today, FHA loans represent a fair share of the mortgage market; in 2018, the FHA insured 12.1% of all mortgage originations. As a seller, you’re usually not taking on additional risk by accepting an offer from a buyer pre-approved for an FHA loan than you would with a buyer pre-approved for a conventional loan.

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