Housing Wire

MAY 25, 2022

Between significantly fewer refinances, rising mortgage rates and housing inventory nearly cut in half since 2020, loan officers (LOs) and brokers face a pivotal time where adaptation is a must for success. With an anticipated doubling in market share in 2022 , non-QM products are top of mind for almost every mortgage industry professional.

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Debt-to-income ratio Lending Pre-qualification Loans 397

Lighter Side of Real Estate

JANUARY 24, 2024

Unless you come into a windfall of money, most people need to get a mortgage in order to buy a home, so getting a mortgage pre-approval to find out how much a lender will allow you to spend is the first step. Those are decent standards for a landlord to consider, but they’re nowhere near what a mortgage lender will consider.

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Pre-approval Debt-to-income ratio Pre-qualification Mortgages 95

Redfin

JULY 11, 2023

In this comprehensive guide, by Redfin, we will delve into ten common questions about mortgages, offering valuable insights and expert answers. What is a mortgage? A mortgage is a loan specifically designed for purchasing a property, commonly a home. How does a mortgage work? What are the different types of mortgages?

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

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

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 An additional 21% closed 1.5

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Loans FHA loan Mortgages Loan Officer 432

Toronto Realty Blog

MARCH 28, 2024

Those who know me – at least, through TRB, are fully aware of my thoughts on pre-construction condos, the pre-construction condo industry, and the way that pre-construction condos are sold and eventually built. Your “Buying Pre-Construction Condos and CAKE! Well, colour me flattered ! It made sense.

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Pre-qualification Marketing Construction Development 74

Lab Coat Agents

OCTOBER 16, 2023

Buyers often search for listings in specific areas (“homes for sale in [city]”), mortgage calculators, or queries like “How to know how much house I can afford?” The Value of Recognizing Intent For professionals in the real estate industry, understanding these online behaviors is not just insightful—it’s pivotal.

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Pre-qualification Staging Agents Industrial 93

Real Trends

JUNE 9, 2023

Mortgage applications are down, and prices are up. You have tons of buyers who say they want to buy, and ask to see homes but haven’t gotten pre-approved yet. There’s only one solution and that is to use buyer and seller pre-qualification scripts. We have 7% interest rates to thank for that.

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Pre-qualification Pre-approval Agents Staging 69

RIS Media

SEPTEMBER 21, 2020

The homebuying process is already complex, so understanding certain words and terms in the real estate industry will help you get ahead of the game for when you’re ready to start buying. Mortgage interest rate : The price of borrowing money. The document includes loan terms, monthly payment and closing costs. Source: Zillow.

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Pre-approval Pre-qualification Title search Inspection 90

Realty Biz

MAY 25, 2023

Here are several ways in which chatbots can assist real estate agents: Lead Generation: Chatbots can automate lead capture and qualification processes. Mortgage and Financing Assistance: Chatbots can assist clients in calculating mortgage affordability, estimating monthly payments, and explaining financing options.

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Technology Agents Pre-qualification Finance 77

McKissock

JANUARY 31, 2021

Often, lenders do a pre-qualification that is strictly based on the information that the client gives the lender. Once this happens, they fill out the mortgage application providing more details, only to find out that the pre-qualified amount should have been less, or more in some cases.

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Debt-to-income ratio Pre-approval Pre-qualification Loans 95

Housing Wire

JANUARY 4, 2024

Mortgage tech firm Blend aims to court more lenders as it now supports Fannie Mae ’s Desktop Underwriter (DU) early assessment enhancement with a direct integration from Blend’s soft credit pull function. DU early assessment gives lenders more options for their pre-qualification process in DU.

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Pre-qualification Banks Mortgages Residential 421

Housing Wire

SEPTEMBER 6, 2023

United Wholesale Mortgage (UMW) has enhanced its Safe Check program , which provides credit reports without initiating unwanted trigger lead solicitations to brokers’ competitors. The strategy is expected to court more brokers in an industry facing higher credit report fees.

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Pre-qualification Loans Equity Banks 473

Housing Wire

OCTOBER 6, 2020

Talk to any mortgage technologist about the future of the industry and two topics will emerge immediately: big data and smarter automation. I know this because this is what we’ve been talking about in our industry for the past decade. Joe Camerieri, EVP Mortgage Cadence. But there is still a problem.

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Technology Mortgages Loan Officer Loans 450

Ryan Serhant

FEBRUARY 21, 2022

There’s never been a better time to get into the real estate industry than right now. Complete your state-approved pre-license course. Complete your Alaska license application. Make sure you meet the pre-qualifications. In that case, I have some great news for you. Pass your education course final exam.

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Pre-qualification Pre-approval Brokerage Agents 52

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? Source: (Gonzalo Facello / Unsplash).

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Mortgages Debt-to-income ratio Loans Closing costs 58

HomeLight

JULY 30, 2021

New Mexico agent Valerie Almanzar , who has more than 15 years of experience in the real estate industry, says that while rent-to-own properties aren’t the norm these days, they can and do still happen. “If The seller can determine the terms of the option, which may or may not include a pre-set purchase price for the home.

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Purchase and sale agreement Debt-to-income ratio Pre-qualification Inspection 98

HomeLight

AUGUST 31, 2020

VA loans also offer even more benefits, like better interest rates and less strident qualifications — but as the name indicates, they are only available to current military members or veterans (or their spouses). Many offer down payment grants, no-down-payment mortgages, and low interest rates. down and a minimum credit score of 580.

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Debt-to-income ratio FHA loan Pre-qualification VA loan 65

RIS Media

AUGUST 5, 2020

The 2019 – 2020 State of Asia America Report , an annual AREAA publication, provides a snapshot of the state of AAPI homeownership pre-COVID-19. million AAPIs were potentially “mortgage ready” as of 2018, which, in rough estimations, could amount to $145.9 Additional closing costs associated with VA loans.

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VA loan FHA loan Pre-qualification Pre-approval 95

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.

Equity 101

Equity Finance Loans Closing costs 101

Housing Wire

APRIL 19, 2022

The raison d’etre is the same whether you work as a mortgage loan officer at a depository bank or an independent mortgage bank – originate a purchase mortgage or refinancing for a client. The modules cover some mortgage-related topics, but there are also topics that pertain to other facets of working at a bank.

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Loan Officer Pre-qualification Banks Lending 384

Housing Wire

JUNE 1, 2022

Amid the traditionally busy spring homebuying season, industry professionals are looking for new paths to profitability in a tight purchase market. Rising interest rates, a shortage in housing supply and geopolitical turmoil have combined to create a uniquely challenging period for mortgage bankers and financial institutions.

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Pre-qualification Marketing Loans Mortgages 295

The Close

AUGUST 15, 2023

Comparing the Top 7 Companies Best For Referral Fee Pros Cons Qualifications Needed Clever : Experienced agents seeking seller leads > $350k: 1.5% Keep in mind that these leads are going to be expensive, and as we’ve previously mentioned, using Zillow Flex could lead to Zillow having even more power in the industry. Let’s dive in!

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Closing Pre-qualification Agents As-is 70

Real Trends

OCTOBER 31, 2022

It has nothing to do with what the owner paid for it, what they owe on their mortgage or anything other than comparable sales and market conditions. When you use the Seller Pre-qualification Script, you’ll ask the seller what price they have in mind. They almost always will be higher than your CMA.

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Pre-qualification Sales Agents MLS 52

Housing Wire

JULY 30, 2021

Josh Lehr: Pre-pandemic, online home buying existed, but over the last year, shopping online for mortgages became much more popular and convenient as meeting in person with a loan officer was not an option. HousingWire: How have trends around direct-to-consumer lending changed over the past year?

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Pre-qualification Loan Officer Lending Technology 397

HomeLight

JUNE 30, 2021

So we’ve talked to real estate experts and dug into industry research to pull together a definitive guide of open house do’s and don’ts for homebuyers to help you polish up your manners and arm you with the information you need. For example, you can keep details about pre-qualification between you and your real estate agent.

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Pre-approval Pre-qualification Agents Inspection 66

HomeLight

FEBRUARY 26, 2021

Consider this your residential appraisal walkthrough, covering an appraiser’s general qualifications, how these professionals calculate value, and some common misperceptions about residential appraisals. Source: (Tetiana SHYSHKINA / Unsplash). Starting the appraisal process. Source: (Mateus Campos Felipe / Unsplash).

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Residential Pre-qualification Sales As-is 65

HomeLight

OCTOBER 9, 2023

4 expert tips before you shop for a home Tip 1: Start planning early Top Las Vegas agent Rebecca McKenna-Inman has more than 22 years of experience in the industry. I see so many offers come across my desk without pre-qualification letters,” he says. “A You can start by selecting the state that interests you.”

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Pre-qualification Pre-approval Agents Loans 92

Kyle Handy

JANUARY 11, 2023

To apply, you will need to show proof of expertise within the real estate business, be a full-service real estate agent, work in the real estate industry as your primary occupation, and agree to always respond within a timely fashion to the referrals given. This service pre-screens and matches agents but only matches a single agent at a time.

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Pre-qualification Pre-approval Agents Closing 52

Kyle Handy

JANUARY 31, 2023

Curb Hero streamlines the sign-in process with pre-set questions aimed at gathering important information from visitors. Curb Hero generates income from mortgage lenders who pay a nominal monthly fee to co-promote as the agent’s preferred lender on the platform, thus enabling Curb Hero to offer this system to agents at no cost.

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Pre-qualification Land Agents Branding 52

Marco Santarelli

OCTOBER 11, 2023

Get pre-approved for a mortgage before embarking on your home search. This will demonstrate to sellers your serious intent and financial qualification to purchase. Tourism and Hospitality The thriving tourism and hospitality industry in Cape Cod contributes to the demand for vacation rentals and second homes.

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Marketing Pre-qualification Pre-approval Investor 52

HomeLight

DECEMBER 15, 2021

All publicly listed properties can be found on the MLS, from single-family homes and condos to foreclosures or pre-foreclosures. What about foreclosures and pre-foreclosures? A pre-foreclosure means the owner is in arrears on their payments, but the bank has not officially foreclosed on the property. Health concerns.

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MLS Pre-qualification Purchase and sale agreement Agents 84

HomeLight

APRIL 30, 2022

But the latest home search apps can help fill in the knowledge gap by addressing everything you need to know in the home buying process, from mortgage payments to maintenance. Mortgage portals. Mortgage websites and apps can help strengthen a buyer’s offer by preapproving them for a mortgage, as opposed to a pre-qualification.

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Closing MLS Pre-qualification Due diligence 85

HomeLight

AUGUST 31, 2020

” On this show, you’ll learn what’s working right now from the best Real Estate Agents and industry experts in the country. And then we do send, you know, a pre-listing package prior to connecting. And then in that email, there’s also gonna be a pre-listing package, which is a PDF that you can open.

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Pre-qualification Agents Due diligence As-is 93

HomeLight

JANUARY 4, 2022

Going with a cash offer primarily because it’s easy and low-hassle isn’t unheard of anymore, and in some markets, certain types of cash buyers are getting closer to offering market value than normal , industry data from zavvie shows. A 2022 market survey conducted by HomeLight echoes that cash is here to stay. You need quick access to cash.

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Investor Finance Inspection Sales 98

HomeLight

MAY 17, 2021

In this week’s episode of The Walkthrough, agent and coach Aaron Novello shares how pre-qualifying sellers has helped his team win 80% of its listing appointments. ” On this show, you’ll learn what’s working right now from the best real estate agents and industry experts in the country. None of that.

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Pre-qualification Agents As-is Due diligence 59

HomeLight

AUGUST 31, 2021

We talked to agents, builders, and other top industry experts to develop this guide that’ll help you make the most out of working with an agent on your new-home purchase and to find out what they can do for you. You’ll either need to pay the loan off when construction wraps or apply for a mortgage. Shop for your loan.

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Agents New Construction Purchase and sale agreement Construction 127