Housing Wire

JANUARY 17, 2024

The HECM for Purchase is not a refinancing tool; it is not akin to a Home Equity Line of Credit ( HELOC ). And after years of advertisements and TV commercials promoting the benefits of better-known reverse mortgage loan uses like continuing to live in your current home while tapping your home equity, 4 who could blame them?

Finance 418

Finance Seller concession Loan Officer Loans 418

Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. It comes at a time in which the housing market favors buyers and seller concessions become more frequent.

Mortgages 384

Mortgages Equity Loans Seller concession 384

Housing Wire

FEBRUARY 2, 2024

With ongoing liquidity challenges and a continuing lag in Home Equity Conversion Mortgage (HECM) case numbers, reverse mortgage business in 2024 started off with a bit of a whimper. RMI will be exploring more on these topics in the future, Lunde said, calling them “the future of reverse.”

Mortgages 342

Mortgages Seller concession Loans Finance 342

Housing Wire

MARCH 6, 2024

Home Equity Conversion Mortgage (HECM) endorsements fell 11.8% I think the best places to focus right now are giving the H4P a muscular new push due to the seller concessions update , and working with forward mortgage distribution and servicing opportunities to convert forward loans into new reverse borrowers,” he said.

Mortgages 339

Mortgages Seller concession Principal Loans 339

HomeLight

JULY 12, 2022

Seller concessions. Home sales tend to involve several rounds of negotiation between the buyer and seller. Because of their potential to endanger the sale and the strength of the current sellers’ market, Kennedy says, “A lot of sellers aren’t willing to absorb those costs.”. Seller concessions.

Seller concession 89

Seller concession Closing costs Renovation Title search 89

HomeLight

APRIL 14, 2023

Other closing costs generally incurred by California home sellers include transfer taxes , property taxes, and mortgage loan payoff. Common seller concessions include home warranty, home inspection fees, repair credits, and insurance for earthquakes and other natural disasters. The rate could go from 7% to 6.5%

Closing costs 84

Closing costs Closing Purchase and sale agreement Title 84

HomeLight

JUNE 29, 2022

Divorce attorneys could use comps to help a couple split their assets and divide up equity. The sold price also may fail to reflect any seller concessions , or money the sellers had to pay to repair the garage, replace the carpet, or cover the buyer’s fees at closing. How can I find comps in my area? City websites.

MLS 105

MLS Seller concession Agents Sales 105