Real Trends

JANUARY 31, 2023

Working in the origination and real estate product and services space for more than 20 years, I have weathered the highs and lows of the industry. I know some of my colleagues and friends on the mortgage lending side also have experience and hindsight on their side.

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Pre-approval Fixed-rate mortgage Loans Mortgages 98

Toronto Realty Blog

JUNE 20, 2022

It’s impossible to satisfy every individual, every industry, and every market segment and/or participant. So what was it like “back in my day,” as some of our parents would say, when interest rates were sky-high? Let’s assume that he made a 20% down payment, or $8,400, and financed the remaining $33,600.

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Principal Fixed-rate mortgage Pre-approval Mortgages 97

Marco Santarelli

JULY 23, 2022

Mortgage approval rates today are lower than they were in the pre-crisis era, which suggests that borrowers are less likely to default on their loans. Reduced mortgage rates and consequently lower house costs can bring properties that were previously out of reach within reach. The shaded areas represent U.S.

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Mortgages Marketing Lending Equity 52

Redfin

SEPTEMBER 27, 2021

Shopping for a mortgage, you might encounter lenders who pre-qualify you for a higher loan amount than you expected. According to this rule, also used by lenders, most people can afford to spend as much as 28% of their gross monthly income on a mortgage and up to 36% on debt payments and still manage other typical recurring expenses.

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Debt-to-income ratio Closing costs Loans Title 70

Housing Wire

AUGUST 29, 2022

After two golden years in the mortgage market during the pandemic period, refis have dried up and the industry has since pivoted toward a purchase market. But for brokers, price isn’t the only determining factor when comparing rates for the borrower. I can get you (borrower) a conditional loan approved in 20 minutes.

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Equity Loan Officer Loans Mortgages 410

Toronto Realty Blog

MAY 26, 2022

Looks like you’ve got a pretty good following and a good foothold in this industry. Now, consider that the overnight lending rate only has a direct impact on the variable rate mortgage, whereas the fixed-rates are affected by the bond market. per cent, according to mortgage brokers.

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Fixed-rate mortgage Purchase and sale agreement Banks Mortgages 92

Redfin

FEBRUARY 10, 2023

The Emerald City is a bustling city known for its tech industry and stunning natural beauty. Ultimately, the decision to rent an apartment or house or buy a home in Seattle is personal and depends on several factors, such as your finances, your desire to stay long-term in the area, and where exactly you want to live.

Equity 54

Equity Closing costs Mortgages Pre-approval 54

The Close

DECEMBER 29, 2022

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. So we’ve included a handy download with questions your clients should ask their mortgage broker. Discount points are fees paid at closing to secure a lower interest rate.

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Purchase and sale agreement Title Proof of funds Pre-approval 98

Marco Santarelli

AUGUST 2, 2020

Let us continue to explore the housing market trends — from pre-COVID-19 days until July. 2020 began with increased sales activity in the New York housing market, with the year expected to be a strong one for the industry. About 1 percent of Redfin customers waived either a financing or inspection contingency last month.

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Marketing Sales Pre-approval Investor 142