Equity Mortgages New Construction Pre-approval 
Marco Santarelli
MAY 11, 2024
Home Equity Softening, Not Disappearing The report highlights a slight decrease in the percentage of homes considered “equity-rich,” where the loan value is less than half the estimated market value. This signifies that homeowners, by and large, still hold a healthy level of equity in their properties.
Realtor.com
JANUARY 2, 2023
Getty Images Many first-time homebuyers might shy away from the prospect of buying a brand-new home, assuming: It will cost too much. While purchasing new construction is indeed different from purchasing previously owned property, many misconceptions abound about new builds. New construction homes are more expensive.
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Housing Wire
MARCH 22, 2024
Before meeting with a mortgage lender, buyers should have a clear picture of their finances. Get pre-approved with a local lender. Yes, many buyers will hop online and get a generic pre-approval letter. Yet they’ll be unable to because they aren’t pre-approved for that amount. Communication is key.
Keeping Current Matters
FEBRUARY 24, 2021
To buy now and take advantage of historically low mortgage rates while they last. The seller may decide to sell their home to the buyer at today’s price, which will enable the purchaser to take advantage of current mortgage rates. Perhaps you need time to get permits or approvals for certain upgrades you made to the house.
Realtor.com
JULY 9, 2021
The couple lived in a third-floor apartment with their two children in a pre-war building they loved on Manhattan’s Upper West Side. We kept it in the pre-war style of the building, so we maintained its spirit, but everything is modern and new.”. We wanted the apartment to be our own and to reflect what we like,” she said. “We
HomeLight
AUGUST 31, 2021
Does the idea of buying a fixer-upper and quickly gaining thousands of dollars in equity by making minor cosmetic repairs appeal to you? Many mortgage lenders will not finance the purchase of a home that needs significant repairs. A 203(k) loan can be an excellent way to gain large amounts of equity soon after buying the home.
Real Trends
FEBRUARY 27, 2023
New build sales reps can be a goldmine , especially in medium-priced and luxury new construction communities. This means they know who has a home to sell before they can close on the new one! New build sales reps can also tell you which homes are about to fall out of contract. Aim for five relationships like this.
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