Housing Wire

OCTOBER 30, 2024

When asked whether loan buybacks were a more significant issue last year than now, Freddie Mac executive Sonu Mittal says emphatically, “It depends on who you ask.” Freddie Mac has seen a nearly 55% reduction in repurchase requests from its peak in the first quarter of 2023. This expands upon a pilot program launched earlier this year.

Debt-to-income ratio

Housing Wire

JANUARY 30, 2025

home equity based on different estimates its easy to see the potential impact that such a large cohort has on a variety of different businesses, including home inspections. We tell all of our franchise owners not to forget about banks, lenders and loan originators, he said.

Inspection

Housing Wire

MARCH 20, 2025

Servicers must act fast, delivering real-time updates on loan statuses, forbearance options, insurance claims and other relief programs. Compliance with state and investor guidelines, managing temporary payment suspensions, fee waivers and loan modifications, all ensure portfolio stability.

Mortgages

Keeping Current Matters

JULY 14, 2025

With your lender’s help, you’ll be able to get pre-approved for your home loan. Tip #3: Don’t Skip the Inspection When you find the right home, it’s easy to get caught up in the excitement. But skipping the inspection just to make your offer look stronger is a gamble that could cost you.

Pre-approval

Housing Wire

NOVEMBER 4, 2024

But in another stroke of luck, I have a cousin who is a loan officer at Guild Mortgage. In writing both offers, Angela and I made sure to fully disclose how I was expecting her to get paid , as well as all of my requests, including a home inspection contingency clause.

Purchase and sale agreement

Redfin

MAY 22, 2025

Among the most important are understanding the roles of a home appraisal vs. inspection. Home appraisal vs. home inspection: What’s the difference? While both appraisals and inspections happen during escrow and involve evaluating a property, their purposes and focuses are fundamentally different.

Inspection

Housing Wire

DECEMBER 27, 2024

The new rules apply to both appraisal waivers and inspection-based waivers , which leverage property data collected by a trained and vetted professional. Maximum loan-to-value (LTV) for appraisal waivers on home purchases will increase from 80% to 90%, and LTVs for inspection-based appraisal waivers will increase from 80% to 97%.

Inspection

Redfin

JULY 25, 2025

Some buyers waive the right to a home inspection to speed up the closing process or stand out in a competitive market, but in most cases, it’s best to include an inspection contingency in your offer. Home inspection checklist for buyers If your offer has been accepted, the next step for the buyer is likely the home inspection.

Inspection

Housing Wire

MAY 14, 2025

Mortgage loan originator (MLO) or mortgage broker License or education required: Yes Average national salary: ~$60,000 to ~87,000 Job description: A loan originator, or loan officer, plays an essential role in the process of purchasing property. Similar to an MLO, a mortgage broker finds financing for buyers.

Property Management

Redfin

JUNE 18, 2025

Yes, a condo inspection is a crucial step in protecting yourself from unexpected repairs and hidden liabilities inside your home. That’s why a condo inspection is a crucial step in protecting yourself before you buy. In this article: Why is a condo inspection important? What does a full condo inspection include?

Inspection

The Mortgage Report

AUGUST 1, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? Check your renovation loan options. What is a home renovation loan?

Renovation

Housing Wire

DECEMBER 6, 2024

Evergreen topics might include: how to prepare to list your house, everything your client needs to know about VA loans; or which home improvements yield the best financial return in a home sale. How about that pest control service you used for your clients termite inspection? Is a new restaurant coming to town?

Pre-approval

The Close

NOVEMBER 7, 2024

Cash on hand lets you move quickly without worrying about loan or mortgage interest charges. Conventional loans: These can be obtained from a credit union or a bank. Credit unions, being nonprofit, offer lower interest rates and fees and have more flexible loan approval processes as they serve specific communities.

Hard money loan

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 Should I Waive My Home Inspection When Buying A House? Should I Have A Home Inspection When Buying A House Buying a home is a significant investment and one you want to be happy with.

Inspection

Housing Wire

AUGUST 5, 2025

Most people facing foreclosure aren’t looking to hold out for top dollar and instead are trying to avoid damage to their credit, get out from under a loan they can’t afford or just find a way to move forward. Companies like Velocity REOs, BPO Photo Flow, and others are always looking for licensed agents to help with these inspections.

Banks

Rochester Real Estate

NOVEMBER 5, 2015

The Top 5 Types Of Home Inspections Buyers Should Consider If you are considering buying a home, it is essential for buyers to understand the importance of a home inspection. A property inspection is conducted by a licensed professional home inspector. The home inspector only goes so far as to what they will inspect.

Inspection

Housing Wire

FEBRUARY 3, 2025

Company Name Company Website Markets Served Company HQ MMI mmi.io/ Loan Origination Cottonwood Heights, UT Paradatec paradatec.com/ Loan Origination, Servicing, Secondary and Closing Wilmington, DE Outamation outamation.com/ Servicing Southlake, TX Orion Lending orionlending.com/ Loan Origination Orange, CA Optimal Blue www2.optimalblue.com/

Mortgages

Windemere Selling

MARCH 3, 2025

Alert the credit bureaus if you see any mistakes, fix any problems you discover, and dont apply for any new credit until after your home loan closes. 5 Get a Home Inspection Buying a home is emotionally chargedwhich can make it difficult for buyers to see the house for what it truly is.

Pre-approval

The Living Room

JUNE 13, 2025

Scheduling Inspections : Coordinating necessary inspections to ensure the property is in good condition. They will: Pre-Approval Process : Help determine how much you can borrow and identify suitable loan programs. Document Collection : Request necessary documents to process your loan application.

Pre-approval

BAM Media

DECEMBER 19, 2024

Forty-two percent of them say mortgage rates could delay their plans, while 41% worried they might not qualify for a mortgage, regardless of the rates. Sellers remain confident in their ability to move properties quickly, with 72% expecting to close within 4 months or less.

Marketing

Redfin

JULY 18, 2025

This Redfin Real Estate article outlines practical steps every buyer should follow, from budgeting and touring homes to inspections and closing. The down payment The amount you’ll need for a down payment depends on your loan type. If the inspection uncovers costly repairs, factor that into your decision or negotiations.

Pre-approval

Redfin

JUNE 27, 2025

Don’t skip critical steps like the home inspection or negotiating closing costs. Not getting pre-approved for a home loan before starting your search A common mistake for first-time homebuyers is jumping into the search without first getting pre-approved for a mortgage. Stay grounded by focusing on your priorities and budget.

Pre-approval

Redfin

AUGUST 6, 2025

The escrow account holds the deposit along with important documents like the purchase contract, loan paperwork, and the deed. This kicks off the countdown for key deadlines like inspections, loan approvals, and closing. At this stage, the transaction has officially entered the closing process. When does escrow start?

Earnest money deposit

The Close

NOVEMBER 25, 2024

Multifamily mortgage loans typically require 20% of the property price for a down payment, and there are inevitable maintenance and property management costs. Maintenance and management costs are significantly higher, and you will generally need a commercial loan. However, it’s undeniable that the upfront costs can be pricey.

Purchase and sale agreement

Marco Santarelli

DECEMBER 22, 2024

Understanding Refinance Rates Refinancing your mortgage means that you take out a new loan to pay off your existing mortgage, often with the intention to secure a more favorable interest rate, reduce your monthly payments, tap into home equity, or adjust your loan term. 15-Year Fixed Refinance 5.94 -0.10 5-Year ARM Refinance 5.94 -0.04

Mortgages

Redfin

JULY 18, 2025

A short sale typically occurs when the current value of a home is lower than the outstanding balance on the loan, or the homeowner is at risk of foreclosure due to unpaid mortgage payments. Buyers can usually request a home inspection with a short sale, unlike a foreclosure, where banks don’t have to disclose information about the property.

Short sale

Redfin

JANUARY 28, 2025

Assumable mortgages offer a unique alternative, allowing buyers to take over the sellers existing loan – potentially locking in a lower interest rate and saving money over time. From evaluating the loan terms to understanding the hidden costs, assuming a mortgage isn’t a decision to take lightly.

Loans

The Living Room

MAY 2, 2025

Prospective buyers should account for closing costs, inspections, and the ongoing maintenance associated with homeownership. Adequate financial preparation includes exploring various loan products, understanding the implications of interest rates, and setting aside reserves for unexpected expenses.

Earnest money deposit

Redfin

JUNE 23, 2025

You can schedule inspections, review the title, secure an appraisal, and check for any red flags that could affect your decision to buy. This timeframe grants the buyer permission to thoroughly inspect the property. It’s typically refundable if the buyer backs out for a valid reason like inspection or financing issues.

Due diligence

HomeLight

DECEMBER 12, 2024

The buyer is hoping for an appraisal greater than or equal to sale price (If it appraises higher, then theyre getting an excellent deal, but if it appraises too low, they may not get approved for their loan). Appraisals are often required for the buyer to secure a loan. and now it is time for the appraisal.

Inspection

The Close

APRIL 3, 2025

When you need to finance a house flip, you need a loan that offers a repayment term that fits your project timeline, can close quickly, and, of course, doesnt have unrealistic eligibility requirements. Unlike most types of fix and flip loans, it has no application fee, doesnt require an appraisal, and doesnt require income verification.

Loans

Redfin

JUNE 11, 2025

In this article: Home inspection contingency Appraisal contingency Financing contingency Title contingency Home sale contingency Home insurance contingency Kick-out clause FAQs about contingencies in real estate 1. Home inspection contingency This is one of the most frequently used contingencies in real estate.

Purchase and sale agreement

Redfin

JULY 15, 2025

From inspections to closing fees, here’s what you should know (and plan for) before you get the keys. to 2% of your loan amount each year. The exact rate depends on factors like your credit score, loan type, and how much you put down. PMI is designed to protect the lender in case you stop making mortgage payments. The good news?

Closing costs

Marco Santarelli

DECEMBER 8, 2024

You may be able to negotiate for a better price or more favorable loan terms in these markets, as sellers may be more willing to make concessions to get their homes sold. Get a pre-inspection. A pre-inspection can help you address any potential problems before you list your home. Negotiate for favorable terms.

Marketing

Redfin

JULY 21, 2025

Financing: Loans for fixer-uppers can get a little more complicated than an average home loan. Most also require permits, inspections, and contractors. Inspection insights Carefully consider the results of any inspections you get on the house. Talk with a lender to determine which one is right for you.

Renovation

Redfin

MARCH 4, 2025

Step 1: Get pre-approved If you’re buying with a loan, include a pre-approval letter with your offer. Combine inspections. If you want to inspect for lead, oil, or other specific issues, consider looking into these as part of a general inspection contingency, rather than including separate contingencies for each one.

Pre-approval

Lighter Side of Real Estate

APRIL 29, 2025

Mortgage-rate buydowns Sellers may contribute funds to help lower the buyers mortgage interest rate for the first few years or for the life of the loan. While the reasons for offering concessions can vary, one thing is clear: theyre becoming more commonand not just in response to inspection requests or minor fixes.

Seller concession