HomeLight

APRIL 4, 2025

Here are some common circumstances that impact local sellers: Relocation: Youve landed a job offer in another city , and selling your home is essential to facilitate a seamless transition into your new role. Buyers have the cash funds readily available to purchase your property, eliminating the need for lengthy mortgage approvals.

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Pre-approval Sales Lending Land 52

Housing Wire

AUGUST 23, 2023

Flávia Nunes: Better took nearly two years to go public, with Aurora’s shareholders’ merger approval extended three times. The other thing we have to do is use technology to predict which customers can qualify for One Day Mortgage based on just the data that’s in their pre-approval.

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Debt-to-income ratio Technology Mortgages Pre-approval 370

Realtor.com

AUGUST 6, 2020

Even at the best of times, house hunting comes with lots of built-in stressors, from mortgage approvals to bidding wars and beyond. Don’t start house-hunting without mortgage pre-approval. In response, many banks and mortgage lenders have tightened their lending requirements. That changes the game entirely.

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Pre-approval Agents Mortgages Lending 141

Toronto Realty Blog

FEBRUARY 27, 2023

Thank you for taking us back to that place that we all thought we had left for good: pre-construction. about the pre-construction condo industry just as soon as this blog was launched back in 2007. Pre-construction “experts.” Blog reader Densha asked about pre-construction condo delays and it’s a good topic.

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Construction Pre-approval Purchase and sale agreement Development 97

HomeLight

JANUARY 26, 2023

People usually finance buying a house through a bank or other traditional lending institution. With seller financing, you, the seller, lend the buyer credit for part or all of the purchase price, minus a down payment, and the buyer makes monthly payments to you. Your lender has to approve, of course! Let’s dig in.

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Finance Pre-approval Lending Loans 105

Marco Santarelli

SEPTEMBER 22, 2023

It is a type of economic bubble that occurs periodically in local or global real estate markets , and it typically follows a land boom. A land boom is a rapid increase in the market price of real property such as housing until it reaches unsustainable levels and then declines. Q2: What are the signs of a housing bubble?

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Pre-approval Fixed-rate mortgage Lending Equity 98

Realty Biz

DECEMBER 31, 2020

The lending process is further complicated by potentially low credit scores—standard among first-time buyers. Choosing an adjustable lending option benefits new homeowners by offering low initial rates and reduced monthly payments. Forgetting to check credit scores beforehand. Starting the loan process too late.

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Mortgages Pre-approval Loans Lending 98

HomeLight

AUGUST 31, 2021

Landing a low-interest loan with minimal fees. Lynn Devine, a five-star-rated loan officer with Fairway Independent Mortgage Companies Kansas branch suggests borrowers first consider their credit score, because it’s one of the biggest pre-approval factors and can sway this decision (more on that below). So, how do you do that?

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Mortgages Closing costs Loans Banks 97

Realty Biz

AUGUST 19, 2022

What are the steps to land this rewarding job? Find a Real Estate Pre-licensing Course. In some states, agents get pre-licensing training courses at a state-approved school. Pre-licensing courses teach real estate, ethics, legal matters, taxes, finance, contracts, and insurance. million by selling your home!

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Pre-approval Brokerage Agents Principal 77

HomeLight

MARCH 30, 2021

Future developments: Research any commercial land purchases or leases in the area and see how they fit in with your desires. Pre-approval letters are usually good for 60 to 90 days, so don’t enter this stage until you’re serious about your home search. Easements refer to someone else’s usage of the land.) Order a survey.

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Due diligence Inspection Title Pre-approval 105

Redfin

FEBRUARY 10, 2021

land, cars, and houses) to help stimulate the economy. While both of these scenarios work well and can land you a great real estate agent , the reason these agents rise above the others as the best of the best is because of their intentions. Get Pre-approved. Research Neighborhoods or Areas You Want to Live.

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

Toronto Realty Blog

JUNE 20, 2022

He got his ducks in a row early in the year and had a mortgage pre-approval with a 5-year, fixed rate of 2.79%. In the meantime, his mortgage pre-approval expired! He began 2022 looking at a townhouse that was priced at $699,900, sold for $825,000, and with a 20% down payment, would have cost him $3,052.74 per month.

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Principal Fixed-rate mortgage Pre-approval Mortgages 121

RIS Media

MARCH 25, 2022

This is an entirely different dynamic from 2008, which was driven by lax lending,” said Chris Masiello, CEO of BHGRE The Masiello Group in Northern New England. In lesser populated, rural areas, people are now buying property and land that hasn’t transferred in 30 years or more, which is creating a lot of title issues.”.

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Pre-approval Inspection As-is Principal 98

Toronto Realty Blog

OCTOBER 30, 2023

.” But Mayor Olivia Chow didn’t want to upset all property owners with a large property tax increase, so instead, she only upset some property owners… “Toronto Council Approves New Measures To Deal With Grim Financial Situation.” But nobody cares. I mean, 99% of Toronto doesn’t care.

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Renovation Land Loans Pre-approval 98

HomeLight

AUGUST 20, 2021

The appraisal is a crucial step in the closing process; your home must appraise for equal to or more than the sale price for the buyer’s lender to approve their mortgage. Ford shares an example: “In California, pre-1978 and pre-1992 housing were of lower quality. Pre-1978 did not require any corner sheer panels.

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FHA loan Inspection Pre-approval Loans 105

Redfin

MARCH 3, 2022

It’s recommended to get pre-approved before house hunting to give yourself a realistic idea of how much home you can afford ; however, a mortgage pre-approval doesn’t guarantee that your loan application will be approved. Delayed approvals from Homeowners Associations.

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Closing Title search Purchase and sale agreement Title 63

HomeLight

AUGUST 31, 2021

Some builders work with preferred lenders or have their own lending companies. Different types of home construction loans , such as: Short-term home construction-only loans, which cover the costs of the land purchase and building costs. People with kids (or those who enjoy a great bubble bath) will be disappointed. Shop for your loan.

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Agents New Construction Purchase and sale agreement Construction 128

GeekEstate

JANUARY 19, 2022

For instance, rather than a landlord renting a 3-bedroom house for $1,750 to a family or three roommates who have pre-formed as a group, the house is reconfigured into 5 bedrooms, each of which might rent for $500 and gross $2,500 (a 42% increase). the GEM BRIEFING. Membership is $129 / quarter (less than 20 spots left at this pricing).

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Pre-approval Investor Property Management As-is 69

Marco Santarelli

APRIL 29, 2021

Pre Foreclosures. According to data compiled by the online lending site Lending Tree, San Jose had the lowest vacancy rate in the entire U.S. Just recently, a San Jose housing development with 400-square-feet micro-apartments has been approved near Google transit village. Foreclosure Type. Prior Month. Prior Year.

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Marketing Investor Residential Sales 126

Patch of Land

OCTOBER 20, 2017

Technology working in the background does the bulk of the work for the investor, putting their money into deals that meet their pre-selected criteria. With the range of parameters available for study, lenders with robust technology have a wealth of data at their fingertips that can be used to make future lending decisions.

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Pre-approval Investor Loans Technology 28

Housing Wire

NOVEMBER 30, 2023

If you’re exploring a real estate career in Akron, Cincinnati, Cleveland, Columbus, Toledo, or any other city in the Buckeye State, then your first step is to choose from the many real estate classes in Ohio to complete the 120 hours of approved pre-licensing education that the state requires.

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Pre-approval HR Inspection Finance 430

HomeLight

OCTOBER 29, 2020

That’s why financed offers come with appraisal contingencies — the loan can’t clear until the home has been appraised and the lender knows they’re not lending you too much for the home. Unless you’re paying cash for a house, your best course of action is to include a pre-approval letter from a mortgage lender with your offer.

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Purchase and sale agreement Pre-approval Earnest money deposit Inspection 81

Toronto Realty Blog

MAY 26, 2022

I literally just got off the phone with a client, to whom I said, “I’m having very honest, direct conversations with people these days, and I’m simply giving them the lay of the land, and letting them decide what they want to do. I would say that 7/10 of them are hearing me and in agreement…” She laughed.

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Fixed-rate mortgage Purchase and sale agreement Banks Mortgages 105

Lab Coat Agents

NOVEMBER 11, 2020

I want fewer people dying in poverty, having spent a lifetime creating wealth for someone else while working and dying on their land. If I land in predominantly black and brown communities to start this venture this means these are the communities where society has been willing to tolerate extreme poverty. . What’s next, our schools?

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Industrial As-is Agents Loans 98

The Close

DECEMBER 29, 2022

If your clients are concerned about getting approved for a loan, you can remind them that a co-borrower agrees to back the borrower in a mortgage loan. One example is someone using a private road to access their own land. This is the government’s right to use private land for a specific, public purpose after compensating the owner.

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