Redfin

JUNE 23, 2023

When it comes to buying a home, obtaining a mortgage pre-approval is an essential step in the process. A mortgage pre-approval provides you with a clear idea of your budget, helps you narrow down your home search, and makes you a serious contender in the eyes of sellers. What is a mortgage pre-approval?

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Keller Williams

AUGUST 17, 2022

Over the next several months, the housing market will be more in line with pre-pandemic market conditions,” shares KW chief economist Ruben Gonzalez. Loralynne Ball, head of retail sales for Keller Mortgage, has an even sunnier assessment. Now is still a great time to get home financing.”. Block Rate Hikes with Lock and Shop.

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Finance Pre-approval Loan Officer Mortgages 90

Realty Biz

SEPTEMBER 30, 2023

Mortgages with Low Credit Scores Mortgages with low credit scores can appear challenging, but there are options available. Understanding how a low credit score affects your mortgage and exploring government-backed programs can help you navigate the process. Can you buy a house with bad credit?

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Finance Debt-to-income ratio FHA loan Mortgages 97

Housing Wire

FEBRUARY 11, 2022

Apart from selling produce that is popular in former Soviet countries, these stores represent a marketing opportunity for Alex Naumovych, a loan officer at Draper and Kramer Mortgage Corporation. According to the Mortgage Bankers Association ’s yearly forecast, purchase mortgage originations are expected to grow by 9% to $1.73

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Marketing Loan Officer Pre-approval Mortgages 392

Housing Wire

SEPTEMBER 14, 2020

We have already seen evidence that mortgage servicing is forever changed and purchase money lending will suffer, at least in the short term. Low interest rates have kept refinance loan volumes robust, but no one knows for how long. It’s time for lenders to finally prepare themselves for mortgage lending in a fully digital world.

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Lending Mortgages Technology Loans 454

Housing Wire

NOVEMBER 8, 2021

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. At the end of the day, Pascoe says the process is not all that different than purchasing a home with a conventional mortgage.

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Housing Wire

MARCH 6, 2023

There were leads, referrals and action in January, after people returned from holiday vacations and rates declined, said Don Monson, branch manager at Sente Mortgage. Rising rates will likely scare buyers away from the market, as it makes monthly mortgage payments less affordable, loan officers interviewed by HousingWire said.

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Loan Officer Loans Pre-approval Mortgages 379

Realtor.com

APRIL 29, 2021

Yuri_Arcurs/iStock; MattKay/iStock Buying a home and getting a mortgage typically go hand in hand. Yet home loans aren’t always easy to understand—and there’s a lot of misinformation out there about how mortgages work. “A And make sure you’re aware of the biggest misconceptions about home mortgages.

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Pre-qualification Pre-approval Mortgages Fixed-rate mortgage 122

Realty Biz

DECEMBER 20, 2021

But then, you’re about to invest potentially tens of thousands of dollars in the form of a down payment on your new home.That could leave you with very little left over in the bank, so you’d better make sure the home and the mortgage you choose,are a good ones. . Pre-approval. You will learn how much of a loan you qualify for.

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Pre-approval Loan Officer Loans Finance 113

Realty Biz

DECEMBER 14, 2021

But then, you’re about to invest potentially tens of thousands of dollars in the form of a down payment on your new home.That could leave you with very little left over in the bank, so you’d better make sure the home and the mortgage you choose,are a good ones. Pre-approval. You will learn how much of a loan you qualify for.

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Pre-approval Loan Officer Loans Finance 109

Housing Wire

APRIL 18, 2023

In a cyclical mortgage industry, hedging is key to maintaining a buffer against losses. Since launching as a call center in 2003, the California lender has expanded into the outside distributed retail model with a target on the purchase mortgage market, serviced its own loans and developed its tech stack in-house.

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Loan Officer Loans Pre-approval Mortgages 329

Realtor.com

DECEMBER 20, 2021

This money is crucial to snagging a mortgage and getting that much closer to homeownership. “The best advice that I could give is to get a couple of recommendations for loan officers in your area,” says Nathan Perkins Jr. , for an FHA loan. to 1% of your loan amount each year. Loans with no money down.

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Pre-approval Loans Loan Officer VA loan 137

HomeLight

AUGUST 31, 2022

With the days of stimulus packages and low mortgage interest rates in the rearview, Americans are steeling themselves for a future with the potential for economic uncertainty. homeowners with mortgages (roughly 62% of all properties) saw their equity increase by a total of more than $3.8 made mortgage and other payments on time and.

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Equity Finance Loans Closing costs 102

Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. This is a lot different than 2008 where you needed a credit score and a heartbeat to get a mortgage. An additional 21% closed 1.5

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Loans FHA loan Mortgages Loan Officer 419

Housing Wire

JANUARY 31, 2023

Scott Miller, a former mortgage loan originator at Sprout Mortgage , knew the clock was ticking when the non-qualified mortgage (non-QM) lender abruptly closed doors in July 2022. Up to 30% of the 1,000 largest independent mortgage banks projected to disappear by the end of 2023 via sales, or failures.

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Redfin

AUGUST 13, 2020

Plus in terms of personal finance, homeownership is a major accomplishment. . Clearing your way to get approved for a home loan will ensure that you are ready to act when that dream home appears on the housing market. How to get a home loan in 10 steps. The most critical step? Start early. Step 1: Know your credit score.

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Realtor.com

MARCH 10, 2021

Sold on the idea of the home, the Morgans were able to secure the sale itself by ensuring their finances were in order. “We Talking to a mortgage lender before starting a house hunt in earnest can help increase the chances of being able to move quickly on the perfect home.

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Pre-approval Loan Officer Mortgages Finance 72

C4D Crew

JANUARY 13, 2022

Take a look at your current debt versus your income and consider how much money you can afford on a monthly mortgage. Make sure to include everything in your estimate, including groceries and student loans. Most loans require at least a 3.5% Getting a Loan. Conventional loans are the most popular option for buyers.

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HomeLight

JUNE 28, 2021

From bidding to buying to financing to special incentives — we’re talking all things HUD homes to help you decide if this property type fits your financials and lifestyle. FHA loans are geared toward individuals in need of lower down payments, or those who may not qualify for conventional loans due to lower credit scores.

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Redfin

MARCH 3, 2022

Financing issues. Unless you’re submitting an all-cash offer, you’ll need to obtain financing to purchase your home. By far, one of the biggest nightmares is that the mortgage falls through on the closing day. By far, one of the biggest nightmares is that the mortgage falls through on the closing day.

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HomeLight

MAY 31, 2021

Before you even start looking, you’ll also need to find a mortgage lender who will determine how much house you can afford , make sure your credit is in good standing, and see what kind of loan programs will work best for you. How much mortgage do I qualify for? What type of home loans do you offer? Conventional.

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Mortgages Debt-to-income ratio Loans Closing costs 58

Housing Wire

SEPTEMBER 26, 2023

Mortgage tech firm Blend Labs has added an assets-derived income capability to its existing “Blend Income” product. Blend Income pre-populates a consumer’s loan application with income and employment information derived from the consumer’s direct deposit history. million in Q1 and $45.1 million in Q2 2022.

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Pre-approval Mortgages Loans Industrial 339

HomeLight

AUGUST 16, 2021

First-time homebuyer loans can help make it easier on first-time homebuyers , offering access to special mortgage programs with low down payments. Second mortgages : These are loans you can take out to subsidize the down payment in addition to taking out a principal mortgage. Sound great? Sure it does!

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Loans VA loan FHA loan Purchase and sale agreement 97

Windemere Buying

APRIL 11, 2022

Advocates of buying will contend that purchasing a home is an investment in equity, which can increase in value every year you live in the home, whereas if you rent a property, you’re essentially paying for someone else’s mortgage. you could use the rental income to pay off your mortgage faster and contribute more to your savings.

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Pre-approval Loan Officer Loans Property Management 52

Housing Wire

AUGUST 29, 2022

In 2021, United Wholesale Mortgage (UWM) CEO Mat Ishbia set a three-year goal to make UWM the No. Ishbia, who started running his father’s mortgage firm in 2013 and has since grown it into the country’s No. 2 lender, isn’t satisfied with second place, behind Rocket Mortgage. “I 1 lender in the country.

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Equity Loan Officer Loans Mortgages 404

Realtor.com

NOVEMBER 11, 2022

Real estate agents agree that long before you peruse listings or check out open houses, you should talk to a lender about your credit score, so that you can secure a mortgage. Here are more step-by-step home-buying details, including information about down payments, closing costs, mortgage rates, pre-approved mortgages, and more.

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Housing Wire

AUGUST 27, 2021

The story, “The secret bias hidden in mortgage-approval algorithms,” included statements from fair housing activists who concluded that there is “systemic racism” in the mortgage process. Obviously to anyone in the business that’s a big deal given that FICO is a threshold data point that determines eligibility for a mortgage.

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Debt-to-income ratio Purchase and sale agreement Pre-approval Loans 398

HomeLight

MAY 10, 2022

Zillow also connects you with mortgage lenders , providing information about rates and reviews of their services. In case you aren’t familiar, iBuyers provide near-instant cash offers for homes, allow you to sell your home mostly or entirely online, and can facilitate much faster closings than a more traditional or financed buyer.

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Realty Biz

JANUARY 19, 2024

Interviewing and selecting a buyer's agent and choosing a mortgage lender and real estate attorney are vital steps. Let's start with some detailed information and actionable tips on financing. It's crucial to clearly understand your financial health before getting a mortgage. Let's get started on your path to homeownership.

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Redfin

MARCH 18, 2022

Shopping for and securing an affordable mortgage loan is no easy feat. Often, homebuyers jeopardize potential mortgage deals by rushing the process or neglecting essential steps along the way. And in the end, that means a higher mortgage rate than they can afford or, worse, no loan at all. The short answer is yes.

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Mortgages Pre-approval Pre-qualification Loans 65

HomeLight

OCTOBER 26, 2021

Before you start shopping for your home, you will be advised by your real estate agent to choose your mortgage provider and get preapproved for a mortgage so you know what price range you can afford. But that is only a preliminary step to getting final approval for a mortgage. What is mortgage underwriting?

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HomeLight

AUGUST 31, 2021

One particularly important decision homebuyers face is how to finance their new home. Landing a low-interest loan with minimal fees. Say a colleague just bought a new condo and scored an awesome rate on his loan. He swears it’s all thanks to the hard work of his mortgage broker. What is a mortgage broker?

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HomeLight

JUNE 15, 2023

Without a mortgage Some buyers think that paying with cash eliminates closing costs, but there are certain fees and prorations that will still be required at the table, with or without a mortgage loan. Title insurance Title insurance technically isn’t required if you don’t have a mortgage, but it’s highly recommended.

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HomeLight

OCTOBER 5, 2020

A short sale is when a property is sold at less than what’s owed on the remaining mortgage balance. This type of situation usually occurs when the owner is financially distressed and no longer able to make their monthly mortgage payments. You’ll need to get preapproved for a mortgage loan. What’s a short sale?

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Realty Biz

DECEMBER 13, 2022

You need to consider a number of factors: what you want from your home, where you want to live if you can afford the down payment, and the monthly mortgage payments. It also provides mortgage broker services and a trade-in option for new homeowners who want to upgrade. That's a lot of work involved in buying a home. What is Flyhomes?

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Redfin

FEBRUARY 10, 2021

In early 2021, homebuyers will remain undeterred by the pandemic, eager to take advantage of sub-3% mortgage rates while they last. Unless you want to pay Private Mortgage Insurance (PMI), you want to save up for a sizable down payment. Money that is not going against the principal of your mortgage. Save Up For a Down Payment.

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Debt-to-income ratio Pre-approval Inspection Purchase and sale agreement 75

Housing Wire

AUGUST 22, 2022

A Maryland couple is suing appraisal firm 20/20 Valuations , its appraiser and mortgage lender loanDepot after their home was appraised at a far lower value than it was a few months later when they removed indications that a Black family lived there. How borrowers can stay afloat with home equity products during difficult economic times.

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