Housing Wire

APRIL 24, 2025

The HECM Tool a software platform designed to serve as a reverse mortgage sales conversion tool announced this week that it has integrated the proprietary reverse mortgage offering from Smartfi Home Loans into the platforms existing visualization and comparison capabilities.

Mortgages

The Close

NOVEMBER 7, 2024

Tax liens and auctions: Search for tax lien sales and foreclosure auctions. Listing websites: Sites like Zillow, MLS, Realtor.com, and LoopNet list properties for sale. Gather the property’s history and recent sale prices in the area to understand market trends. If you flip the property, you can pay them from the proceeds.

Hard money loan

Calculated Risk Real Estate

MARCH 13, 2025

During the housing bubble, many homeowners borrowed heavily against their perceived home equity - jokingly calling it the “Home ATM” - and this contributed to the subsequent housing bust, since so many homeowners had negative equity in their homes when house prices declined. million homes or 2% of all mortgaged properties.

Closing

The Close

NOVEMBER 25, 2024

Rehab loans: These include home equity lines of credit (HELOCs), HomeStyle renovation mortgages, 203(k) rehab loans, or CHOICERenovation loans. Market the property for sale: There are endless ways to generate excitement about your property and increase the sale price. It’s common for flippers to aim for an ROI of 20%.

House Flipping

The Mortgage Report

JULY 11, 2025

I think in some cities, like Phoenix, we are starting to see a little bit of foreclosure or short sale happening. Some markets have huge housing shortages and homes for sale. year-over-year, pushing the number of homes for sale above 1 million for the first time since the winter of 2019. But that is really market dependent.

FHA 203k rehab loan

Redfin

JUNE 13, 2025

Buying your second home comes with experience on your side and valuable advantages: financial history, equity from your current home, and a clearer sense of what you want. Coordinating the sale of your current home with the purchase of your next requires precise timing. Pros Frees up equity to use for your next down payment.

Debt-to-income ratio

Marco Santarelli

MARCH 31, 2025

This means your principal and interest payment never changes, offering predictability which many homeowners value. People refinance for various reasons: to get a lower interest rate, to shorten their loan term, to switch from an adjustable-rate to a fixed-rate loan, or to tap into home equity (cash-out refinance).

Mortgages

Marco Santarelli

JULY 21, 2025

Rates Impact : Slight increases in refinance rates may affect homeowners looking to tap equity. Current Refinance Rates Overview Refinancing allows homeowners to replace their existing mortgage with a new one, often to benefit from lower rates or tap into home equity. Rate declines can stimulate demand, boosting sales and construction.

Mortgages

The Close

JULY 16, 2025

Capital gains tax is what is owed on the profit made from the sale. Generally, you won’t be eligible for this exclusion if you excluded the gain from the sale of another home during the two-year period prior to selling your home. Each of the payments consists of interest, gain, and principal. But what exactly is it?

Sales

Redfin

JULY 23, 2025

As of June 2025, the median sale price for a home in the U.S. In addition to repaying the principal amount of the loan, the monthly mortgage payment includes additional costs that can vary based on location and mortgage type. $500,000 might sound like a lot, but in today’s housing market, it may not stretch as far as you’d think.

Mortgages

Marco Santarelli

APRIL 22, 2025

Refinance Rates Today Refinancing can provide several benefits, including lower monthly payments or the opportunity to access equity in your home. Expectations of a modest decline in rates might encourage more buyers to enter the market, invigorating sales as they act before conditions tighten again.

Mortgages

The Mortgage Report

JULY 1, 2025

of mortgaged home sales in April, up from 14.2% of mortgaged home sales, their highest April level marked since 2020. Buyers are stretched thin, so they’re toward cheaper homes or loans that let them put less down upfront – like FHA and VA mortgages ,” says Steven Glick , director of mortgage sales for HomeAbroad.

Loans

Redfin

JULY 3, 2025

So whether you’re considering selling your house in Austin or are about to list your home for sale in Denver , here’s what you need to know about how long it takes to sell a house. A few primary factors can speed up or slow down your home sale. Particularly if you’ve only made small payments toward the principal on your mortgage.

Staging

Marco Santarelli

MARCH 4, 2025

drop in pending home sales just in January. Pending home sales are actually at an all-time low since they started tracking this data way back in 2001! So, when you're calculating that 30%, you need to factor in all of these elements, not just your principal and interest payment. We saw this reflected in the numbers.

Mortgages

AAOA

MAY 22, 2025

You need to lookthe potential to optimize operations, increase cash flow, and build equity through forced appreciation. Start with a Letter of Intent (LOI) outlining your terms, then proceed to a formal Purchase and Sale Agreement (PSA) once its accepted. Can I improve management, raise rents, or reduce expenses?

Due diligence

Redfin

FEBRUARY 28, 2025

Buying a home is one of the biggest financial decisions youll ever make, and its not just about the sale price. Closing costs Costs associated with the purchase and sale of a home like taxes, title insurance, and lender fees, are considered closing costs. PMI is removed once you reach 20% equity in your home.

Earnest money deposit

Marco Santarelli

JULY 26, 2025

The market shows signs of moderation in home price appreciation and possible growth in home sales as affordability impacts shift. Freddie Mac anticipates rates staying higher for longer during 2025 but sees potential for modest rate decreases later, which could increase home sales and refinancing activity. 4% per year.

Mortgages

Marco Santarelli

MARCH 27, 2025

For instance, if you secure a 30-year mortgage with a 6% interest rate today, that 6% will be your interest rate for the next three decades, barring any refinancing or sale of the property. Moreover, you build equity in your home more rapidly with a 15-year mortgage.

Mortgages

Marco Santarelli

JUNE 27, 2025

Impact on Home Affordability : Lower rates improve buyer affordability, potentially boosting home sales and stimulating the housing market. This calculation factors in the principal amount along with interest. Many homeowners could benefit from refinancing at lower rates, improving cash flow, or accessing equity.

Mortgages

Marco Santarelli

APRIL 1, 2025

This is a notable move and makes the shorter-term, but faster equity-building, 15-year mortgage even more attractive for those who can manage the higher monthly payments. But the big advantage is that you build equity much faster and pay considerably less interest overall. Let's look at an example to illustrate this.

Fixed-rate mortgage

Marco Santarelli

APRIL 27, 2025

Skip the Mortgage Hassle (and Cost): No loan applications, no mountains of paperwork, no qualifying, and no monthly principal and interest payments stretching out for decades. You control your equity 100% from day one. Year-over-year, sales were down 2.4% When sales are slow, the market isn't as frenzied. from March 2024.

Finance

Redfin

JUNE 10, 2025

Limited comparable sales (comps): Appraisers rely on recent sales of similar homes in the area. Their work includes a thorough examination of the property, detailed analysis of comparable sales , and consideration of property condition and features. This is beneficial for the buyer as it provides immediate equity.

Purchase and sale agreement

Calculated Risk Real Estate

JUNE 12, 2025

During the housing bubble, many homeowners borrowed heavily against their perceived home equity - jokingly calling it the “Home ATM” - and this contributed to the subsequent housing bust, since so many homeowners had negative equity in their homes when house prices declined. Mortgage debt is up $2.78

Closing

Norada Real Estate

JUNE 27, 2025

Impact on Home Affordability : Lower rates improve buyer affordability, potentially boosting home sales and stimulating the housing market. This calculation factors in the principal amount along with interest. Many homeowners could benefit from refinancing at lower rates, improving cash flow, or accessing equity.

Mortgages

AAOA

JANUARY 23, 2025

in July 2024 Just about every multifamily project that BartonPartners has designed in recent years has marketed itself as a luxury property, says Bill Warwick, AIA, a Principal with the Philadelphia-based architecture and urban design firm. On the luxury rental side, MVE has recently delivered products in Orange County, Calif.,

Marketing

Marco Santarelli

JUNE 23, 2025

This includes principal and interest but does not consider other costs such as property taxes and homeowner's insurance. This figure reflects the principal and interest obligations; other fees may increase your total monthly payment. We’ll calculate the monthly payments for various mortgage amounts under the current average rates.

Mortgages

Marco Santarelli

JULY 23, 2025

Refinancing remains a popular option for homeowners to lower monthly payments or take cash out of equity, though higher rates than the standard purchase mortgage suggest cautious appraisal of benefits. The national average rates for refinance loans are: Loan Program Rate (%) Weekly Change (%) APR (%) APR Change (%) 30-Year Fixed Refi 7.05 -0.01

Mortgages

Rochester Real Estate

NOVEMBER 5, 2015

What To Expect From Your Listing Agent Why For Sale By Owners (FSBOs) Fail Blog Featured Articles Home Buying Home Selling LOCAL Rochester NY Articles Buying A Condo Vs. Renting A Condo | What Are The PROs & CONs? The opportunity to build equity and get a solid return on your investment is one of the top benefits of owning a condo !

Mortgages

Marco Santarelli

MAY 22, 2025

For those looking into shorter-term commitments, the 15-year fixed mortgage remains an attractive option at 6.08% , allowing homeowners to build equity faster while still benefiting from lower long-term interest costs. for principal and interest. If refinancing at 7.04%, the total payment could ascend to approximately $723,000.

Mortgages

Housing Wire

APRIL 25, 2025

billion in equity for the first quarter. The lender continues to rely heavily on the correspondent channel and saw its gain-on-sale margin improve to 1.37% in Q1 2025. The lender continues to rely heavily on the correspondent channel and saw its gain-on-sale margin improve to 1.37% in Q1 2025. Net income reached $146.7

Principal

Marco Santarelli

MARCH 30, 2025

Whether you opt for a 30-year or a 15-year fixed-rate, you can rest assured that your principal and interest payments will not change over the life of the loan, unless you choose to refinance. With today's average 30-year fixed rate of 6.59%, your estimated monthly principal and interest payment would be around $1,914.

Mortgages

Marco Santarelli

MARCH 25, 2025

When you buy a home with a fixed-rate mortgage , your principal and interest payment stays pretty much the same for the life of the loan. Here's why I'm still a believer in the dream of homeownership: Building Equity: When you pay rent, that money is gone. That equity can be a powerful tool for your future financial security.

Equity

Marco Santarelli

APRIL 5, 2025

Initially, a larger portion of this payment, approximately $1,625 , goes to interest, while only about $271 reduces the principal. The average 30-year refinance rate stands at 6.49% , obtaining favorable rates for existing homeowners looking to reduce their monthly payments or tap into equity. This process is known as amortization.

Mortgages

Marco Santarelli

JUNE 17, 2025

Borrowers pay only the interest for a specified time before repaying the principal. High mortgage rates can suppress housing demand, slowing sales and negatively impacting home construction and renovation sectors. However, potential refinancers must ensure that their overall financial circumstances align with such options.

Mortgages

Norada Real Estate

JUNE 26, 2025

This estimate includes principal and interest but does not encompass additional costs like property taxes and homeowners insurance, which can significantly affect the total monthly obligation. Yun forecasts a 6% increase in existing home sales for 2025, rebutting the concerns of stagnation during economic downturns.

Mortgages

Norada Real Estate

MAY 22, 2025

For those looking into shorter-term commitments, the 15-year fixed mortgage remains an attractive option at 6.08% , allowing homeowners to build equity faster while still benefiting from lower long-term interest costs. for principal and interest. If refinancing at 7.04%, the total payment could ascend to approximately $723,000.

Mortgages

Housing Wire

OCTOBER 24, 2024

The proceeds from this note sale, along with additional cash from the company, will be used to pay off older debt with higher interest rates. Two days later, Onity announced final details of the transaction that included a price revision to $500 million and an aggregate principal amount of senior notes at 9.875% due in 2029.

Principal