Housing Wire

DECEMBER 1, 2021

eMerge, a company that offers alternative valuation solutions, including broker price opinions (BPOs), will allow Accurate Group to increase its broker network and leverage property inspection technology, the company said. In August, the company received a strategic investment by the private equity firm Novacap to accelerate its growth plan.

Title 406

Title Technology Inspection Closing 406

Housing Wire

FEBRUARY 10, 2021

Lender Sierra Pacific Mortgage (SPM) announced Wednesday it will use CoreLogic’s collateral valuation platform in order to streamline future home appraisals. Sierra Pacific Mortgage, a California-based nationwide direct lender licensed in 49 states, has been searching for ways to increase underwriter productivity since 2018.

Loans 397

Loans Inspection Mortgages Equity 397

Housing Wire

OCTOBER 16, 2023

Zillow research also found that a majority of homeowners with mortgages have locked in a rate below 5%, and are almost half as likely to consider moving. However, this rise in first-time buyers helps explain what’s driving demand and keeping upward pressure on prices in a market with mortgage rates currently surpassing 7%.

Agents 430

Agents Seller concession Closing costs Mortgages 430

Hank Miller Team

NOVEMBER 22, 2022

There are significant differences between an appraisal and a home inspection, it’s best for every home buyer to become familiar with the purpose of each. In most cases, if a home buyer is getting a mortgage, an appraisal will be completed. What is a Home Inspection? They do not represent either buyer or seller.

Inspection 52

Inspection Lending Equity Agents 52

HomeLight

JANUARY 31, 2024

Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. Inspection contingency: This gives the buyer the right to have the property inspected within a certain timeframe. We’ll also share how you can make a strong offer with fewer contingencies.

Purchase and sale agreement 104

Purchase and sale agreement Inspection contingency Home sale contingency Inspection 104

Housing Wire

DECEMBER 6, 2021

They refinanced their mortgage in 2018 and 2019, and sought to do so again in 2020. It was in this third iteration of mortgage refinancing where the alleged appraisal bias occurred. This friend, “placed some of her own family photos, depicting her white family” around the house “prior to the inspection.”.

Development 414

Development Inspection Equity Mortgages 414

Housing Wire

JUNE 30, 2021

Home values have increased over the past several months and consumers are realizing there is more equity in their homes than anticipated. This realization has increased demand for wholesale lenders and brokers as borrowers look to refinance, cash-out refinance or otherwise take advantage of the equity in their homes.

Closing 196

Closing Title Lending Inspection 196

Realty Biz

AUGUST 22, 2023

For new homeowners, signing on the dotted line means committing to a monthly mortgage payment that may be more than they have ever spent on housing. Many people are caught off guard when mortgage and homeownership expenses pop up. Your mortgage payment every month may include your homeowners insurance. That’s another expense.

Pre-approval 75

Pre-approval Mortgages Equity Loans 75

Housing Wire

OCTOBER 14, 2020

A conversation on mortgage capital markets wouldn’t be complete without data. We’ll also get a glimpse into the rise of property inspection waivers and potential secondary market impact. Watch the full session below. To go back to the full HousingWire Annual 2020 on demand summit, go here. The rest of this content is for HW+ members.

Marketing 225

Marketing Inspection Staging Equity 225

Housing Wire

OCTOBER 1, 2022

Mortgage interest rates have risen quickly in the past few months further eroding affordability. There had been nearly one-third of buyers who waived an inspection or appraisal contingency, but the last month it fell to just over 20% for both. It is difficult to obtain a mortgage today.

Marketing 415

Marketing Inspection Sales Lending 415

Housing Wire

MARCH 11, 2022

Last week, Fairway Independent Mortgage Corporation announced the hiring of Tane Cabe as its new reverse business development manager with a focus on Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business. Diagnosing low H4P uptake. of all endorsements in 2021. of all endorsements in 2021. Harlan Accola.

FHA loan 354

FHA loan Due diligence Loan Officer Loans 354

Housing Wire

JULY 20, 2023

No rehab for them and no inspection woes for you. They may have a downpayment saved that isn’t their home equity. They might use a bridge loan to borrow their equity, close on the next home and then sell the old one. The home stays an asset for your client and they can keep their low-interest rate mortgage.

Equity 283

Equity MLS Construction Agents 283

HomeLight

FEBRUARY 6, 2024

Start Making Offers Without Waiting to Sell Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. ” These include: Inspection contingencies: This allows the buyer to have the home inspected within a certain timeframe.

Inspection contingency 108

Inspection contingency Home sale contingency Inspection Finance 108

HomeLight

MARCH 28, 2024

Get Estimate Home appraisal overview: Determining your home’s value In technical terms, a home appraisal involves hiring a professional certified by your state to conduct a comprehensive inspection of your property to assess its value.

Inspection 107

Inspection Lending Equity Technology 107

HomeLight

DECEMBER 30, 2023

Contingencies while ‘under contract’ Here are some common types of contingencies in residential home sales: Financing contingency: A financing or mortgage contingency safeguards buyers who need to finalize a home loan. Appraisal contingency: Lenders typically require an appraisal to confirm the home’s value before approving a mortgage loan.

Home sale contingency 105

Home sale contingency Purchase and sale agreement Inspection contingency Inspection 105

Housing Wire

SEPTEMBER 22, 2023

Borrowers everywhere are seeking new ways to tap into their home equity. But with rising mortgage costs and high interest rates , refinancing doesn’t always make the most sense. To help homeowners explore their home equity options, lenders, investors and others in the industry should consider leveraging tech-backed services.

Equity 427

Equity Inspection Technology Residential 427

Realtor.com

NOVEMBER 27, 2022

Although the refinancing process can take awhile, it’s definitely worth considering if you want to take advantage of a lower interest rate or withdraw some cash from your home equity (check a refinance calculator to see if refinancing makes sense for you). Why refinance a mortgage? Step 1: Research your options. in Minneapolis.

Mortgages 111

Mortgages Closing costs Loans Loan Officer 111

Housing Wire

OCTOBER 9, 2020

” For Gary Malis, chief financial officer of Paramount Residential Mortgage Group , the complexities in modeling right now are dizzying, especially when accounting for servicing and PIWs (property inspection waivers). “You talk about what you want to buy – it’s about how you price it up front,” said Malis.

Marketing 370

Marketing Banks Investor Technology 370

HomeLight

SEPTEMBER 30, 2020

Mortgage payments can take up a good chunk of your income, especially with a new home. And the interest you pay on that mortgage loan is nothing to sneeze at. In 1982, mortgage rates hit an annual average of 16.03%. That means for a 30-year conventional mortgage loan for $250,000, you’d be paying $962,458.72

Mortgages 98

Mortgages Fixed-rate mortgage Equity Loans 98

Realty Biz

OCTOBER 21, 2023

From navigating traditional mortgage loans to exploring non-conventional options, various financing solutions are available. Traditional mortgage loans are a common choice, particularly for individual spec homes. Benefits of Collaborating with Financial Brokers Working with mortgage brokers brings several advantages.

Loans 108

Loans Finance Construction Commercial 108

HomeLight

JANUARY 22, 2024

Matt Megel , managing partner with CAZA Group , which sells homes 85% faster than the average Virginia agent, says that unlocking their home’s equity on a budget is one of the main drivers for homeowners wanting to sell their property “as is.” “One The second reason we come across is speed and convenience. increase over the year prior.

As-is 93

As-is Inspection Equity Renovation 93

HomeLight

JANUARY 3, 2024

After you open escrow and the buyer submits a good faith earnest money deposit, some or all of the following contingencies may need to be addressed: The financing contingency will appear in contracts where a buyer needs to finalize a mortgage loan to purchase the home.

Purchase and sale agreement 103

Purchase and sale agreement Earnest money deposit Inspection contingency Pre-approval 103

Realty Biz

MARCH 13, 2024

A lot of new buyers just eager for their new lives often miss some crucial steps during the buying process such as undergoing complete pre-purchase home inspection and understanding mortgage terms fully. Ignoring Home Inspection Values It may prove expensive in the future when you opt not to do a home inspection to save money now.

Pre-approval 67

Pre-approval Inspection Mortgages Finance 67

Realtor.com

DECEMBER 14, 2022

That’s why fixed-rate mortgages, the gold standard of home loans, have long been the most popular. These 15-, 20-, and 30-year mortgages aren’t exciting. Borrowers can lock in the amount of their monthly mortgage payments (minus taxes, insurance, and homeowners association fees) for the duration of their loans.

Fixed-rate mortgage 102

Fixed-rate mortgage Mortgages Loans VA loan 102

Realtor.com

DECEMBER 14, 2022

That’s why fixed-rate mortgages, the gold standard of home loans, have long been the most popular. These 15-, 20-, and 30-year mortgages aren’t exciting. Borrowers can lock in the amount of their monthly mortgage payments (minus taxes, insurance, and homeowners association fees) for the duration of their loans.

Fixed-rate mortgage 99

Fixed-rate mortgage Mortgages Loans VA loan 99

Realtor.com

FEBRUARY 11, 2021

One of the major benefits of being a homeowner is building equity with each mortgage payment, instead of putting money into your landlord’s pocket. Will you even qualify for a mortgage? Unless you have enough money in the bank to buy a house with cash, you’ll need a mortgage. based in Troy, MI.

Closing costs 145

Closing costs Debt-to-income ratio Inspection Closing 145

HomeLight

SEPTEMBER 30, 2021

You’d like to sell your current home, but the mortgage isn’t paid off yet. Consider that most mortgages come with 15 or 30 year terms, while 52% of recent sellers sold before owning their home for 10 years, according to data from the National Association of Realtors. Next, find out how much you owe on your mortgage.

Mortgages 102

Mortgages Debt-to-income ratio Equity Closing costs 102

Housing Wire

JANUARY 14, 2022

Cignarale noted signs of cooling off, including some properties appraising for lower than expected and once desperate buyers no longer waiving home inspections. I think a lot of buyers want to try to buy a house and lock in before mortgage rates potentially go up, so people are still seriously looking to find a home.”.

Agents 441

Agents Inspection Marketing Equity 441

Housing Wire

APRIL 22, 2024

I would be happy to give you an equity analysis and let you know how much equity you have in your home. Perhaps they don’t receive strong enough offers or struggle to address issues that arise at home inspection. House-hacking is a great way to build wealth and pay down your mortgage.

Brokerage 401

Brokerage Investor Agents Pre-approval 401

CT Homes

SEPTEMBER 29, 2022

the appraiser’s analysis of the home, and the appraiser’s overall judgment of the property they are inspecting. The reason mortgage lenders will require a home appraisal is to gauge the risks of extending the loan. In terms of who pays for the home appraisal, that depends on if a mortgage is involved.

Inspection 87

Inspection Equity Loans Lending 87

Real Trends

JUNE 26, 2023

The average 30-year mortgage rate in the U.S. You may even be the only offer they’re considering, You can have the home inspected, possibly re-negotiate to handle any repairs, and maybe even pay less than 100% of the list price, and even get the seller to pay your closing costs. If it goes down, you refinance.

Equity 86

Equity Banks Finance Mortgages 86

Real Trends

OCTOBER 21, 2022

Inventory increased last time largely due to factors that are not present in today’s market Adjustable rate mortgages caused homeowners to no longer afford payments and not be able to refinance out of that situation. Just under 10% of existing mortgages are adjustable, and more than 50% of homeowners don’t even have a mortgage at all.

New Construction 105

New Construction Equity Short sale Construction 105

RIS Media

JULY 19, 2021

The loan process, title work, inspections, research and stress is like having a part-time job while you are in the middle of it! homeowner retires, it’s often stated that 83% of their wealth will come from their real estate’s equity; however, most homeowners don’t consider their home an asset.

Loans 98

Loans Loan Officer Equity Inspection 98

Housing Wire

FEBRUARY 8, 2022

Goldstone is an executive at a mortgage servicer company trying to reach out to homeowners. “We But we’re having a hard time reaching out to them,” he said during a panel at the annual Residential Mortgage Servicing Rights Forum held in New York City in October. We know who the borrowers are. We service their loans. of the U.S.

Loans 361

Loans Pre-approval Mortgages Principal 361

Realty Biz

NOVEMBER 14, 2020

Depending on the market where you live, your mortgage may be lower than rent. Combine that with the fact that as a homeowner you are building equity, and increasing your net worth, and you realize buying a home can be a great choice. There are several steps to take before you start shopping for a mortgage.

Debt-to-income ratio 104

Debt-to-income ratio Inspection Loans Finance 104

Realtor.com

JANUARY 4, 2023

Inventory levels are still low, but there are more homes coming on the market; the bidding wars and mind-boggling offers over the asking price have died down; and buyers can once again insist on inspections, contingencies, and repairs before the deal closes. Those desires don’t fluctuate like mortgage rates.

Inspection contingency 133

Inspection contingency Pre-approval Mortgages Inspection 133

CT Homes

FEBRUARY 13, 2024

Cons : Financial pressure from potentially managing two mortgages. Eliminates the risk of juggling two mortgages. Review your savings, equity in your current home, and your ability to manage two mortgages, if it comes to that. Secure Mortgage Pre-Approval Knowing how much you can borrow is key when looking for a new home.

Pre-approval 75

Pre-approval Inspection Mortgages Staging 75