Housing Wire

NOVEMBER 7, 2023

Though this seems like a whole new stress-inducing worry for many real estate agents , the fact is that commissions have never been a set amount, just an expectation or a tradition in many markets. Manage the inspection process so they don’t freak out over small items. For Sale By Owners are the same. Be a matchmaker.

Loan Officer 371

Loan Officer New Construction MLS Inspection 371

Housing Wire

OCTOBER 28, 2021

There are very few companies providing software to loan officers to help improve the borrower experience, and we are excited for Porch to now be one of the major players in this vertical,” he said. In September, the Seattle-based proptech firm acquired home warranty policy provider American Home Protect (AHP).

Mortgages 374

Mortgages Loan Officer Investor Loans 374

Keller Williams

AUGUST 17, 2022

The current real estate market may be shifting, but there is still plenty of opportunity for agents. Over the next several months, the housing market will be more in line with pre-pandemic market conditions,” shares KW chief economist Ruben Gonzalez. Connect with a Keller Mortgage Loan Officer.

Finance 90

Finance Pre-approval Loan Officer Mortgages 90

Housing Wire

MARCH 11, 2022

In relation other top 10 reverse mortgage lenders, Fairway stands out by making a concerted effort to cultivate more H4P business in an environment where many other reverse mortgage companies have spent much of the past 12-18 months focused on HECM-to-HECM (H2H) refinances, according to data compiled by Reverse Market Insight ( RMI ).

FHA loan 335

FHA loan Due diligence Loan Officer Loans 335

Housing Wire

FEBRUARY 21, 2023

Much of the reason for this is that lenders have been so caught up in the frenzy of market demand the past couple of years that they haven’t had a moment to think about modernizing their processes, let alone implementing them. The quiet market offers an ideal opportunity to explore your origination modernization options.

Pre-approval 310

Pre-approval Technology Title Loans 310

Housing Wire

NOVEMBER 22, 2023

And we use AI in our DataMaster solution to do market analysis and support appraisers in how they’re developing appraisal reports. And in the market right now, where every transaction is so important to them, if you introduce something that’s strange and new, you get more hesitancy.

Technology 411

Technology Due diligence Development Loan Officer 411

Realty Biz

JANUARY 19, 2024

By following these steps, you can easily navigate the real estate market. It takes a special loan officer who knows exactly how to work through these issues to help make their first purchase go smoothly Calculating Your Budget Determining your budget is a crucial step in the home-buying process.

Debt-to-income ratio 100

Debt-to-income ratio Pre-approval Purchase and sale agreement Inspection 100

Housing Wire

APRIL 25, 2022

In Spokane, Washington, a mortgage loan officer at a regional bank has seen five borrowers qualify for a mortgage for one amount, only to have that number slashed a few months later. There is a great reluctance on part of most homeowners to have an interior inspection,” said Youngman. They were approved in December,” he said.

Debt-to-income ratio 404

Debt-to-income ratio Mortgages Loan Officer Loans 404

RIS Media

JULY 19, 2021

However, by joining with a loan officer as knowledge partners, you can also position your partnership as an invaluable resource to homebuyers and sellers. The loan process, title work, inspections, research and stress is like having a part-time job while you are in the middle of it!

Loans 96

Loans Loan Officer Equity Inspection 96

HomeLight

JUNE 15, 2023

Inspections Some property inspection fees may be due at closing; others are paid upfront to the inspector. These could include a basic home inspection, pest inspection, lead-based paint inspection, roof inspection, foundation inspection, and more, depending on what your home needs.

Closing costs 88

Closing costs Closing Title Inspection 88

Redfin

APRIL 7, 2023

With its pristine beaches, year-round sunshine, and thriving job market, it’s no wonder that so many people dream of owning a home in America’s Finest City. Get pre-approved for a mortgage My advice to first-time homebuyers is to find a good loan officer and get pre-approved, fully underwritten approval is best.

Pre-approval 59

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

HomeLight

NOVEMBER 29, 2021

With so many DPA programs, you’ll want to consult with someone who will know them best — your loan officer. What types of mortgage loans are there? Down payment requirements differ depending upon the loan types. Conventional loans. Always make sure to get a thorough inspection on a house first.

Earnest money deposit 85

Earnest money deposit FHA loan Purchase and sale agreement Inspection 85

HomeLight

APRIL 17, 2024

Others perform a home inspection while their competitor skips one. Selling a home the traditional way can be stressful and time consuming, especially in a shifting market. Request Offer Editors note: Opendoor and Offerpad provide an option to list your home on the market. But beyond this similarity, how do they stack up?

Seller concession 96

Seller concession Inspection Rent back Closing 96

Real Trends

JANUARY 4, 2023

But since then, interest rates have soared, and agents are navigating a historic decline in the market. Even while the market is slowing, people still need to move. These findings can help new agents better prepare their first-time buyers for the unique challenges in today’s market. In today’s market, this may come in handy.

Closing costs 81

Closing costs Inspection Title Agents 81

Realty Biz

JUNE 15, 2022

Department of Veterans Affairs (VA) loan. Check with your loan officer to see if you qualify for any first-time buyer programs. In highly competitive markets, that may mean homes are selling for well above asking price, and it might be wise to look at homes well below your budget in case you need wiggle room to raise your bid.

Debt-to-income ratio 97

Debt-to-income ratio VA loan Fixed-rate mortgage Loans 97

Lab Coat Agents

MARCH 4, 2022

The perfect storm of opposing forces has created a market unlike any we have ever seen – record low inventory and record demand from millennials aging into the market, as well as historically low interest rates have created a true “Seller’s Market” leaving Buyers battered and bruised from the fight for houses.

Proof of funds 98

Proof of funds Inspection Loans Loan Officer 98

HomeLight

MARCH 2, 2023

Henderson says that while connecting with a reputable agent who knows the San Diego market is important, one thing potential buyers should be sure to do is to align themselves with a great lender. Loans are between 3%-3.5% CalHFA works through approved lenders, and buyers apply for the program through their loan officer.

Closing 91

Closing Earnest money deposit Sales Inspection 91

HomeLight

MARCH 6, 2023

The benefit of owning a house far outweighs what might be considered a higher interest rate in the current market.” Loans are between 3%-3.5% CalHFA works through approved lenders, and buyers apply for the program through their loan officer. These loans also offer 0% down for qualified borrowers.

Closing 87

Closing Earnest money deposit Sales Title 87

HomeLight

JUNE 9, 2023

you probably already know you’ll need a down payment , and to talk with a loan officer and real estate agent at some point. But you have more questions: “When does the inspection happen? How do I know which type of home loan to choose?” With an adjustable-rate loan, the interest rate is variable.

Title 103

Title Loans Title search Fixed-rate mortgage 103

HomeLight

MARCH 31, 2022

leading to bidding wars in many of the major markets. For instance, getting preapproved for a mortgage is imperative in the 2022 tight market. Eliminating this important contingency can be tricky, but it may be the only way to get your offer accepted in a competitive market. You generally see those in a normal market.”

Home sale contingency 82

Home sale contingency Sales Purchase and sale agreement Inspection contingency 82

Realty Biz

APRIL 19, 2021

Good knowledge about the market. A buyer’s agent should have good knowledge of the house buying market as this will help them to answer any questions you throw their way, especially if you live in the Brisbane area, where the market is complex. Has a network of connections. The post What are the traits of a great buyer’s agent?

Agents 95

Agents Loan Officer Inspection Finance 95

Real Trends

JULY 15, 2022

The situation in today’s housing market is consistent with that of the previous two years: a lower inventory of houses available for sale than the demand. Because of today’s tight market agents have a great opportunity to assure sellers get the best price for their home. What you need in today’s market.

Loan Officer 52

Loan Officer Agents Rent back Loans 52

HomeLight

JULY 29, 2022

A home appraisal is an assessment of the fair market value of a real estate property. But you might not submit your full loan application to a lender until your offer is accepted, unless you have applied for an underwritten preapproval. Their job is to use multiple factors to calculate an objective fair market value of the property.

Purchase and sale agreement 84

Purchase and sale agreement Earnest money deposit Inspection Loans 84

McKissock

JANUARY 18, 2022

A good agent is willing to share their knowledge of different areas, as well as share their contacts regarding loan officers, essential documentation that shows sellers the buyers are serious, among other services. They are honest about what the client can afford, and they are willing to go to bat for them. Answer Questions.

Due diligence 96

Due diligence Loan Officer Agents Inspection 96

Redfin

MARCH 3, 2022

From appraisal issues to home inspection roadblocks, there’s a lot that can go awry before finally closing on your property. For example, a termite inspection could show that there is damage that’ll require major repairs or the appraisal value of the home comes in lower than the price you offered on the home.

Closing 63

Closing Title search Purchase and sale agreement Title 63

HomeLight

OCTOBER 29, 2021

You still have to make it through the house closing process, where inspections , credit problems, or paperwork issues can trip you up. Average time decreased from earlier in the year, when the market was extremely hot. Step 6: Order the inspection and any follow-ups. Congratulations — but don’t break out the champagne just yet!

Closing 81

Closing Inspection Title Due diligence 81

HomeLight

JULY 29, 2022

If you can’t secure new employment swiftly, you might be able to add a cosigner to your loan and count that person’s income toward your purchase. Talk to your agent and loan officer about these options. In a traditional market, buyers won’t want to close until the issue is resolved.

Closing 103

Closing Purchase and sale agreement Title Home sale contingency 103

Windemere Selling

OCTOBER 21, 2019

Your Beginner’s Guide to Home Appraisals Appraised Value vs. Market Value The appraiser’s value is determined by using a combination of factors such as comparative market analyses and their inspection of the property to determine if the listing price is typical for the area. They also conduct an inspection.

Purchase and sale agreement 52

Purchase and sale agreement Inspection Lending Loan Officer 52

HomeLight

OCTOBER 15, 2020

Many wishful homeowners would just keep on driving and try to forget that their dream home is on the market … but you know how to apply for a USDA loan, so you turn your car around and head home to do just that. For a USDA loan, you should have a minimum FICO score of 640. Submit the loan application. is for sale.

Loans 82

Loans Purchase and sale agreement Loan Officer Debt-to-income ratio 82

Redfin

FEBRUARY 10, 2021

What to Expect for the Housing Market in 2021. housing market is different. While the economy expands and contracts, the housing market reacts, producing buyers and seller’s markets. The housing market will remain strong through 2021 as the economy recovers from the pandemic-driven recession.

Debt-to-income ratio 76

Debt-to-income ratio Pre-approval Inspection Purchase and sale agreement 76

HomeLight

JUNE 28, 2021

With properties often available below market value and down payment options potentially as low as 3.5% , purchasing a HUD home could be your golden ticket. Here, you’ll find a complete listing of HUD homes nationwide, along with photos, asking prices, appraisals, basic inspection results, bidding deadlines, and more.

Pre-approval 94

Pre-approval Pre-qualification FHA loan Inspection 94

Windemere Buying

APRIL 11, 2022

Knowing whether it’s the right time to rent or buy depends on your buying power , what you’re looking for in a home, your local market conditions , your plans for you and your household, and the responsibilities you’re prepared to take on at your residence. What are the local real estate market conditions? What can you afford?

Pre-approval 52

Pre-approval Loan Officer Loans Property Management 52

HomeLight

JANUARY 27, 2021

Ready to hit the market, buy your dream home and conquer this whole homeownership thing? They’ll have specialized market information that others won’t. Whether this will work depends on your market and how competitive it is. They’ll know what’s possible (and likely) in your market, at your price point.

Closing costs 114

Closing costs Loans Inspection Earnest money deposit 114

Realty Biz

DECEMBER 13, 2022

Then there are other details like appraisals, inspections, and title checks. And unless you've been through it before, or have experience buying homes — it can be easy to get caught up in the whirlwind of navigating a new market and finding the right home at the right time. That's a lot of work involved in buying a home.

Pre-approval 66

Pre-approval Closing costs Loans Technology 66

Realty Biz

OCTOBER 20, 2020

The low inventory is especially true in the suburbs, probably because the pandemic has shifted the preferred market out of crowded cities. The bottom line is that you need to work with a loan officer to determine what you can afford before taking the next step of actually looking at houses. Some of this is being done virtually.

Equity 92

Equity Loan Officer Mortgages Inspection 92

HomeLight

MARCH 30, 2021

If you want to buy a house in Vancouver, know that you’ll need to act fast and make your bids competitive if you want to stand out in a crowded market. Since this market is so competitive, you’ll need to know where to look and to work with an experienced real estate agent. Always invest in a home inspection.

Inspection 57

Inspection Land New Construction Agents 57

Realty Biz

AUGUST 16, 2022

First, you have to find your home, which can be extra challenging in a hot market. Then, you have to go through negotiations, escrow, inspections, meetings with loan officers, and so on all before you finally get the keys to your new place.

Renovation 81

Renovation Loan Officer Inspection As-is 81