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Pre Approval vs Pre Qualified vs Underwritten Pre Approval: What’s It All Mean?

HomeLight

Do you know the difference between pre approval vs pre qualified when it comes to mortgage loans? Marcus Rittman, director of mortgage operations at HomeLight Home Loans, has seen that “the catalyst for most homeowners wanting to get approved for a mortgage is finding a home that they love.” Don’t let that be you!

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Do the Due: A Complete Due Diligence Guide and Checklist for Homebuyers

HomeLight

As a buyer, that means you have to do your due diligence from both a practical and contractual perspective. What does due diligence mean in residential real estate? That’s why we’ve put together this guide to due diligence for a homebuyer. Free Homebuying Due Diligence Checklist.

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Competition for mortgage underwriters has never been fiercer

Housing Wire

Record-setting mortgage originations coupled with a resurgent private-label securitization market have created an expanding demand for loan underwriters at a time when they are in scarce supply. . The causes of the underwriter shortage are varied, but it is most pronounced in the private-label market, industry insiders contend.

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Mortgage, Mortgage, Mortgage: What First-Time Home Buyers Need to Know

Realty Biz

Documentation and the Pre-Approval Process Pre-approval is a must for anyone looking to purchase a home. Be sure to have all of your documentation in order and ready to go before starting the pre-approval process. that may help you get approved with favorable terms.

Mortgages 102
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Newark Housing Market: Prices, Trends, Predictions 2023

Marco Santarelli

The Newark housing market is currently in a competitive state, with a median sale price of $440,000 in August 2023. Homes in Newark are typically on the market for 49 days before selling and receive an average of 3 offers. Competitive market: There is a high demand for homes in Newark, and this is leading to competitive bidding wars.

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Akron Housing Market: Home Prices & Forecast 2023

Marco Santarelli

The Akron housing market is a relatively affordable market with a median home price of $120,214 in September 2023. from the previous year, but the market is still considered to be buyer-friendly. High demand: Demand for homes in Akron is high, due to factors such as the city's growing economy and its affordability.

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What to Do Before Offering on a Home

RIS Media

Take time to understand the current housing market. You’ll want to be sure you understand the current market and what houses are available. Is it a buyer’s market or a seller’s market? Is it a buyer’s market or a seller’s market? Get pre-approved for a mortgage.