Housing Wire

SEPTEMBER 16, 2022

Rocket Mortgage and its wholesale arm Rocket Pro TPO will reduce homebuyers’ monthly mortgage payments by one full percentage point for the first year of their loan. Rocket Mortgage will be covering the difference in mortgage payments in the first 12 months through a special escrow account.

Mortgages 393

Mortgages Seller concession Fixed-rate mortgage Loans 393

Housing Wire

AUGUST 25, 2022

But there’s another threat that Homepoint executives must worry about – United Wholesale Mortgage (UWM), the top dog in wholesale, has embarked on a strategy of heavy price cutting, forcing Homepoint and others to limbo to compete for business. Mortgage executives project that number to remain steady or even tick up in the third quarter.

Mortgages 391

Mortgages Equity Loans Seller concession 391

Realty Biz

MAY 20, 2021

At the beginning of 2021, median home prices were up 10% across most of the nation, the fastest rising pace since 2006, fueled by low mortgage rates and high demand. Mortgage rates are low … for now. Other factors such as inflation and Federal Reserve policies will impact mortgage rates as well. .

Marketing 78

Marketing Seller concession Fixed-rate mortgage Mortgages 78

HomeLight

AUGUST 25, 2020

If you have a mortgage on your home, your housing payment will be the same every month — but in the first couple of years, the vast majority of that overall payment will likely go toward interest and will barely touch the principal balance. Seller concessions (2% – 6%). Mortgage payoff (varies). Overlap costs (1% – 2%).

Principal 68

Principal Equity Seller concession Title 68