Housing Wire

APRIL 4, 2022

Redfin completed its acquisition of Bay Equity Home Loans , paying $137.8 million premium over Bay Equity’s tangible book value” as of Feb. 22, according to the news release.The move allows Redfin agents in 91 markets to begin referring customers to one of 400 local Bay Equity loan officers as of Monday.

Closing 370

Closing Mortgages Loan Officer Pre-approval 370

Housing Wire

FEBRUARY 1, 2021

The great promise of short sales and other distressed pre-foreclosure sales as a foreclosure alternative is most fully realized in a competitive and transparent online auction marketplace, according to recent data from the Auction.com Market Validation Program (MVP) for pre-foreclosure sales. Pre-Foreclosure Potential.

Sales 386

Sales Pre-approval Short sale MLS 386

Housing Wire

AUGUST 23, 2023

The capital infusion includes a $528 million convertible note from affiliates of SoftBank and additional common equity from funds affiliated with NaMa Capital (formerly Novator Capital ). Better faced the deterioration of the mortgage market due to surging rates. (Better.com incurred an $89.9

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Closing Pre-approval Finance Title 367

Housing Wire

MAY 12, 2022

Worsening market conditions are only going to accelerate an already hyper-competitive mortgage lending industry that is still learning to adapt to post-pandemic homebuying behaviors. But it’s also possible for a homebuyer to apply and receive approval on a mortgage loan without them ever actually speaking with another human.

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Lending Marketing Pre-qualification Pre-approval 330

Housing Wire

MAY 4, 2022

This article is part of our housing market economic update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. Homes that reach the market sell quickly, bidding wars are the new normal and the investor share of sales continues to rise.

Debt-to-income ratio 368

Debt-to-income ratio Equity Pre-approval Finance 368

Keeping Current Matters

JULY 13, 2021

In real estate, it’s normal to see ebbs and flows in the market. As the economy rebounds and life is returning to normal, the real estate market is expected to have an unusually strong summer season. If you’re looking to buy , some relief is on the way in the form of more homes coming to the market. This isn’t a typical summer.

Marketing 258

Marketing Pre-approval Equity Agents 258

Marco Santarelli

MAY 2, 2024

While headlines might paint a picture of a looming crash , a closer look at the data reveals a housing market more likely to experience a slowdown than a dramatic collapse. Why a 2008-Style Housing Market Crash is Unlikely in 2024? Data Spotlight: Mortgage Lending Standards Pre-2008 Crash: Subprime lending practices were widespread.

Pre-approval 52

Pre-approval Marketing Lending Mortgages 52

Housing Wire

AUGUST 13, 2021

Co-led by Tiger Global Management and Caffeinated Capital , Divvy’s latest round raised $200 million in equity, Divvy CEO Adena Hefets told Bloomberg. Despite historically-low mortgage rates in the face of the COVID-19 pandemic, many banks began tightening underwriting requirements for approvals.

Pre-qualification 410

Pre-qualification Pre-approval Equity Finance 410

Housing Wire

JUNE 24, 2021

By the time the average US homeowner retires, it’s often stated that 83% of their wealth will come from their real estate’s equity, however, the challenge is most homeowners don’t consider their home an asset. According to NAR over 69% of buyers have a home to sell, so really homeowners represent the earliest buyer. About Buyside.

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Pre-approval Equity Loan Officer Brokerage 320

Realty Biz

JANUARY 15, 2024

In today's real estate market, buying a house before selling yours is possible. It's important to note that eligibility for a bridge loan will depend on factors such as your creditworthiness and the equity in your current home. One option is obtaining a home equity line of credit (HELOC) on your current property. Absolutely!

Pre-approval 105

Pre-approval Purchase and sale agreement Finance Equity 105

HomeLight

DECEMBER 27, 2023

Here, we explore five areas you can cover with a mortgage lender before putting your home on the market that will protect your best interests as a seller and give you a clear view of your current financial picture so you don’t regret the day you sold your house. Nevertheless, it can be difficult to keep tabs on all the terms of your loan.

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Pre-approval Mortgages Equity Principal 109

HomeLight

AUGUST 31, 2022

If you need assistance navigating the financial or tax implications of unlocking your home’s equity, HomeLight always encourages you to reach out to your own advisor. homeowners with mortgages (roughly 62% of all properties) saw their equity increase by a total of more than $3.8 What is home equity? According to CoreLogic , U.S.

Equity 103

Equity Finance Loans Closing costs 103

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. I can also provide expert advice about renovations and the potential return on investment — where to get the biggest bang for your buck — or simply answer any questions you have about the market.

Brokerage 379

Brokerage Investor Agents Pre-approval 379

Marco Santarelli

OCTOBER 22, 2023

In a groundbreaking move, Fannie Mae has announced a new policy that is set to revolutionize the multi-family housing market. Additionally, the removal of the FHA self-sufficiency test for 3-4 unit properties simplifies the pre-approval process for multifamily housing.

Loans 98

Loans Pre-approval Principal Mortgages 98

Realtor.com

NOVEMBER 28, 2022

Getty Images (3) Buying a house while simultaneously selling your current home is always a treacherous tight wire to traverse—but in today’s high-priced, high-interest-rate housing market, it’s both a blessing and a curse. How disruptive will it be to have the home I live in on the market? Is it worth the risk?

Marketing 119

Marketing Pre-approval Equity Finance 119

Marco Santarelli

SEPTEMBER 22, 2023

Home prices have been rising rapidly in recent years, with some markets seeing double-digit growth. A housing bubble is a sustained but temporary condition of over-valued prices and rampant speculation in housing markets. Speculators pour money into the market, further driving up demand. Are We in a Housing Bubble?

Pre-approval 94

Pre-approval Fixed-rate mortgage Lending Equity 94

Realty Biz

AUGUST 12, 2023

Equity : The difference between the current market value of your home and the amount you owe on your mortgage. As you pay down your mortgage or if the value of your home rises, your equity increases. This is usually done to get a better interest rate or to take cash out of home equity.

Purchase and sale agreement 97

Purchase and sale agreement Mortgages Pre-approval Title search 97

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. The post 10 Mistakes First-Time Homebuyers Should Avoid appeared first on RealtyBizNews: Real Estate Marketing & Beyond.

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Pre-approval Inspection Mortgages Finance 67

CT Homes

FEBRUARY 13, 2024

This strategy requires careful coordination, timing, and understanding of the market. This decision hinges on personal circumstances, the current state of the real estate market, and your financial situation. Risk of market fluctuations affecting your financial situation. Avoids the inconvenience and cost of temporary housing.

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Pre-approval Inspection Mortgages Staging 75

Realty Biz

AUGUST 22, 2023

Get pre-approved for a mortgage Once you find your lender, get pre-approved. Stay away from your upper limit Consider this: you get pre-approved for a $500,000 mortgage and find a home that costs precisely that much. There can be considerable variation in interest rates and fees associated with the mortgage.

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Pre-approval Mortgages Equity Loans 75

Real Trends

JULY 21, 2022

Everywhere you turn, you read about housing shifting back toward a buyer’s market. From Insider’s “ 3 signs the housing market is slowing down ,” to US News and World Report’s , “ Is Housing the Next Shoe to Drop for the Economy? The housing market is a little more complicated than simple supply and demand.

Marketing 85

Marketing Pre-approval Equity Mortgages 85

Realty Biz

MARCH 30, 2023

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

Mortgages Pre-approval Pre-qualification Due diligence 102

Real Trends

DECEMBER 5, 2022

It was a sellers’ market with buyers competing for homes that would sell for way above the asking rate. The market has slowed considerably. They are also negatively affecting the stock market. This is further fueling the market slowdown. At the beginning of the year, interest rates were at an all-time low.

Pre-approval 91

Pre-approval Mortgages Agents Loans 91

Realty Biz

SEPTEMBER 30, 2023

They can help you navigate the mortgage process and identify suitable options based on your financial situation and provide you with a pre-approval. Tougher loan approval: Lenders may be hesitant to approve a mortgage application from someone with a low credit score. This adds an additional cost to your monthly payments.

Finance 97

Finance Debt-to-income ratio FHA loan Mortgages 97

HomeLight

JANUARY 3, 2024

The buyer may even be pre-approved by their lender, but there’s still work to be done before the financing officially comes through. The appraisal contingency is a clause that gives the lender the opportunity to have an appraisal done and ensure the amount the buyer is offering for the house is fair market value.

Purchase and sale agreement 104

Purchase and sale agreement Earnest money deposit Inspection contingency Pre-approval 104

McKissock

AUGUST 7, 2022

It’s no surprise that people are still wary of repeating this crisis whenever there’s an extreme flux in the housing market — like our current market, almost two decades later. . However volatile our current market may be, it’s important to note that we are not doomed to repeat the 2000s housing crisis.

Pre-approval 91

Pre-approval Bankruptcy Banks Loans 91

Realty Biz

FEBRUARY 11, 2023

Applying for a car title loan online can be simple and convenient, but there are certain documents you need to submit before obtaining approval. You don’t need to work a 9-5 job to apply, and people with poor credit may pass approval for funding! Without a qualifying vehicle title, you cannot obtain approval.

Title 68

Title Loans Pre-approval Equity 68

Real Trends

JUNE 8, 2023

Better.com has imposed layoff rounds to its workforce in the mortgage and real estate businesses in a shrinking mortgage market, after growing its headcount by almost five-fold to 10,000 employees in 2021. Current and former Amazon employees who have vested equity in the company will be the first group to have access to the product.

Agents 85

Agents Pre-approval Equity Mortgages 85

Housing Wire

AUGUST 23, 2023

It is possible, said Garg, because of Tinman, a platform that interacts directly with the customer — meanwhile, in other platforms in the market, a human extracts information from borrowers, he said. Flávia Nunes: Better took nearly two years to go public, with Aurora’s shareholders’ merger approval extended three times.

Debt-to-income ratio 366

Debt-to-income ratio Technology Mortgages Pre-approval 366

RIS Media

DECEMBER 14, 2020

In central Puget Sound, the velocity of the housing market is in tight rotation, with the sales activity intensity for each new listing going under contract at a frenzy level and higher for most price ranges and areas. Fortunately, we saw a checkmark-shaped housing market recovery in the year 2020. Year 2020 recap. 2021 Forecast.

Sales 98

Sales Pre-approval Equity Marketing 98

RIS Media

JUNE 30, 2021

Buyside’s new features will enable homeowners currently receiving a Home Valuation Report to see a personalized Home Equity Dashboard. “According to the National Association of REALTORS® over 69% of buyers have a home to sell, so really homeowners represent the earliest buyer.

Pre-approval 69

Pre-approval Equity Loan Officer Title 69

Point2Homes

SEPTEMBER 30, 2021

If you haven’t already, try hiring a real estate agent to market your home. And the more time your home spends on the market, the more it becomes a red flag to them. It’s possible that you’ve priced your home too steep compared to the market value or that the neighborhood itself is in decline. Lowball Offers.

Pre-approval 98

Pre-approval Proof of funds Inspection contingency Due diligence 98

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. Recently, I was in a meeting with colleagues casting about for ideas for this column.

Inspection contingency 133

Inspection contingency Pre-approval Mortgages Inspection 133

Marco Santarelli

OCTOBER 6, 2023

This option is particularly appealing to first-time homebuyers or individuals with limited savings, as it removes a substantial financial barrier to entry into the real estate market. Less Equity in Your Home: Without a down payment, you'll have less equity in your home initially. Key Features: 1.

VA loan 52

VA loan FHA loan Pre-qualification Debt-to-income ratio 52

Redfin

JULY 11, 2023

Mortgage rates are influenced by various factors, such as the borrower’s credit score, loan-to-value ratio, loan term, and prevailing market conditions. Once the borrower’s equity reaches 20%, PMI can be canceled. How does the mortgage pre-approval process work? How is a mortgage rate determined?

Pre-approval 59

Pre-approval Mortgages Pre-qualification Debt-to-income ratio 59

Realty Biz

JUNE 24, 2021

Question from Jonna in OR: Hi Brian, I managed to get pre-approval for a $210,000 mortgage back in March and have been looking for my first home ever since. I don’t know the market in your area but ask your agent to show you several of the most run-down houses slightly below what you are pre-approved for.

Pre-approval 62

Pre-approval Equity Loans Title 62

Marco Santarelli

JULY 23, 2022

In the summer of 2022, there is a lot of speculation in the media that the slowing housing market is an indication that the market is headed for a housing crash. But is the housing market truly in a bubble? During a housing market crash, the value of a home decreases.

Mortgages 52

Mortgages Marketing Lending Equity 52