Housing Wire

SEPTEMBER 16, 2021

It is important to note that in MBA’s NDS, loans are marked as delinquent if payments are not made in accordance with the terms of the mortgage. Thus, even if loans are in forbearance, if the borrower does not make a payment, the loan is counted as delinquent. Source: MBA’s National Delinquency Survey. This represents about 1.5

Mortgages 474

Mortgages Loans VA loan Investor 474

HomeLight

MAY 27, 2021

But when it comes to one of the key aspects of buying that home — how to get a mortgage loan — you may draw a blank. We include advice from an agent who has worked with hundreds of new buyers, descriptions of different loans, and information about the many kinds of paperwork you’ll deal with. Source: (Matthew Henry / Burst).

Loans 78

Loans Mortgages Title FHA loan 78

The Close

DECEMBER 29, 2022

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.

Purchase and sale agreement 98

Purchase and sale agreement Title Proof of funds Pre-approval 98

HomeLight

MAY 23, 2022

Schaus does business in the area of Fort Bragg, which means that Department of Veterans Affairs home loans ( VA loans ) are used very often by buyers. Any known flood hazard or if the property is located in a federally-designated flood hazard area. Be aware of minimum property standards for certain loans.

As-is 79

As-is Purchase and sale agreement VA loan Inspection 79

HomeLight

DECEMBER 30, 2021

According to the National Association of Realtors® Research Group’s 2021 data , 64% of buyers have conventional loans, 16% have FHA loans and 14% received VA loans. described and compares to the values in the area,” explains top Los Angeles agent Keri White , who is also a home loan, title and escrow specialist.

Loans 114

Loans Agents Inspection Closing 114

HomeLight

MAY 19, 2022

“As is” sales often attract investors searching for their next flip or buyers seeking a bargain, perhaps on a home in a great location with lots of potential. You are limiting the number of buyers that could purchase the property because of the type of loan they have,” Umanzor says. What problems do you have to disclose in Maryland?

As-is 94

As-is Inspection Investor Closing costs 94

HomeLight

MAY 23, 2022

If they filed any insurance claims for damage to the property in the last five years, or if the home is a designated historic building, they will need to disclose that information, as well. Be aware of minimum property standards for certain loans. Exceptions. Pros of listing a home ‘as is’. Save time and money on prepwork.

As-is 101

As-is Inspection Investor Closing costs 101