Housing Wire

MARCH 15, 2024

In fact, there aren’t many mortgage lenders, builders or real estate brokerages that haven’t at least fleetingly entertained the notion. So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? And why not? Instead, they’re leaving money on the table.

Commercial 412

Commercial Brokerage Due diligence Title 412

Housing Wire

NOVEMBER 16, 2022

By the time 2022 is wrapped up, mortgage lenders will have originated about $2.2 But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. Who wants to be in the mortgage business? Brian Hale, CEO of mortgage advisory partners.

Banks 410

Banks Mortgages Loan Officer Due diligence 410

Realtor.com

MARCH 15, 2021

This mandated seller financing package appears to me to be like subprime lending even though my wife and I have 750 and above credit scores and could qualify for today’s low mortgage rates. We are basically paying mostly all-interest payments and only reducing the principal balance by only about $1,160 during the whole first year.

Finance 70

Finance Due diligence Fixed-rate mortgage Lending 70

Marco Santarelli

JANUARY 23, 2023

housing market slowed dramatically in the fall of 2022, as mortgage rates surged and home prices remained high,” said Molly Boesel, principal economist at CoreLogic. The strong home price growth in 2022 led to robust home equity gains across the country for nearly two-thirds of American homeowners with a mortgage.

Equity 52

Equity Due diligence Fixed-rate mortgage Principal 52

HomeLight

AUGUST 31, 2021

Apply for your mortgage. You’ve — hopefully — been in contact with a lender, so this next step should just be finalizing your mortgage application. Wherever you are in your mortgage application process, you’ll want to be extremely mindful of your financial choices between now and closing. Review your Loan Estimate.

Closing 90

Closing Title Due diligence Inspection 90

HomeLight

OCTOBER 29, 2021

The average time to close a loan was 48 days in July 2021 , according to ICE Mortgage Technology, a company that produces mortgage management technology. Some of the steps can be carried out concurrently — you can lock in your mortgage rate while shopping for home insurance, for instance. Step 9: Lock in your mortgage rate.

Closing 82

Closing Inspection Title Due diligence 82

HomeLight

DECEMBER 30, 2021

This is why it’s so important to have a thorough home inspection conducted during the due diligence period of your purchase agreement. A Loan Estimate is a document provided by your lender that includes the terms of your mortgage loan and an estimate of your closing costs. Monthly principal and interest payment.

Purchase and sale agreement 84

Purchase and sale agreement Title Closing costs Seller disclosure 84

HomeLight

APRIL 19, 2021

Jean Chou , the principal attorney at JLC & Associates , advises her clients who buy in smaller buildings to schedule their own inspections as part of the homebuying process. Sellers appreciate cash offers because of their faster timelines, as there’s no need to wait for a mortgage loan.

Earnest money deposit 62

Earnest money deposit Inspection Due diligence Agents 62

Housing Wire

APRIL 30, 2024

During the refinance process, title insurance professionals would do their due diligence to disqualify any potential heirs who may attempt to claim the property down the road. If this is not done correctly, the homeowner could still face collection on a previous mortgage thought to have been paid off.

Title 367

Title Due diligence Title search Principal 367

Marco Santarelli

OCTOBER 16, 2023

For example, rental income from a real estate investment can be offset by expenses such as property taxes, maintenance costs, and mortgage interest. Additionally, you'll need to have enough money saved up for a down payment and be able to qualify for a mortgage. Passive income investments can also provide tax benefits.

Lending 52

Lending Investor Loans Due diligence 52

Realty Biz

JANUARY 10, 2021

What is a Reverse Mortgage? Are you wondering if a reverse mortgage might be right for your present circumstances? If you own a lot of equity in your home, and if you are aged 62 or above, you could benefit from a reverse mortgage. But what are reverse mortgages, and how does it work? What is a Reverse Mortgage?

Mortgages 110

Mortgages Due diligence Equity Title search 110

Realtor.com

NOVEMBER 28, 2022

Most people living in a multifamily home are looking to offset mortgage payments by using the income from renting out the other unit, says Lee Kiser , principal and managing broker at Kiser Group in Chicago. You can write off expenses related to your rental income and deduct the prorated portion of the mortgage interest.

Due diligence 111

Due diligence Renovation Principal Commercial 111

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. No one daydreams about filling out mortgage applications, and the process is complicated because you have to keep track of so many details and make so many choices. Source: (Matthew Henry / Burst).

Loans 81

Loans Mortgages Title FHA loan 81

Marco Santarelli

FEBRUARY 18, 2023

When interest rates are low, it can be an advantageous time to take out a mortgage as you may be able to secure a lower interest rate and reduce your borrowing costs. Remember, the key is to be patient, do your due diligence, and make an informed decision. How to Reduce Mortgage Payments on Your Investment Property in 2023?

Due diligence 95

Due diligence Investor Mortgages Finance 95

HomeLight

APRIL 30, 2022

But the latest home search apps can help fill in the knowledge gap by addressing everything you need to know in the home buying process, from mortgage payments to maintenance. Mortgage portals. Mortgage websites and apps can help strengthen a buyer’s offer by preapproving them for a mortgage, as opposed to a pre-qualification.

Closing 86

Closing MLS Pre-qualification Due diligence 86

Marco Santarelli

JULY 26, 2020

Buy a single property with your cash down payment, a mortgage, and your business plan. Then seek a mortgage to buy that next property and repeat the pattern. You could dramatically improve the cash flow if you aggressively pay down the outstanding mortgage on a property. Interest-Based Income Through Investing in Mortgage Notes.

Loans 144

Loans Equity Renovation Property Management 144

Norada Real Estate

FEBRUARY 21, 2022

Imagine this – After you make the down payment and pay all closing costs, the renter pays off your mortgage. However, it requires due diligence, on your part, to ensure you get the best return on your investment. Having a mortgage can also free up cash for repairs if needed for your potential investment.

Purchase and sale agreement 111

Purchase and sale agreement Investor Due diligence As-is 111

The Close

DECEMBER 29, 2022

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. So we’ve included a handy download with questions your clients should ask their mortgage broker. Adjustable-rate mortgage (ARM). Assumable mortgage. Acceleration clause.

Purchase and sale agreement 98

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