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VA removes pre-approval process for some loans?

Housing Wire

The Department of Veterans Affairs last week announced it is streamlining the loan approval process for borrowers with a VA-appointed fiduciary and for veteran borrowers who apply for a joint loan. Loan closings could not proceed until the VA issued its approval, which resulted in a drawn-out process. appeared first on HousingWire.

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Pre-Approval Makes All the Difference When Buying a Home

Keeping Current Matters

You may have been told that it’s important to get pre-approved at the beginning of the homebuying process, but what does that really mean, and why is it so important? Pre-approval from a lender is the only way to know your true price range and how much money you can borrow for your loan. Bottom Line.

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Why Is It so Important to Be Pre-Approved in the Homebuying Process?

Keeping Current Matters

You may have heard that pre-approval is a great first step in the homebuying process. Pre-approval from a lender is the only way to do this. This paperwork (the pre-approval letter) shows sellers you’re a qualified buyer, something that can really help you stand out from the crowd in the current ultra-competitive market.

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Opinion: Riding the wave

Housing Wire

After the last crash, builders scaled back significantly and never fully recovered to pre-2007 levels. The time-consuming process of acquiring land and navigating regulatory approvals poses a barrier to rapid expansion.

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Cheapest Way to Buy Land and Build a House

Marco Santarelli

The cheapest way to buy land and build a house will vary depending on a number of factors, including the location of the land, the size and complexity of the house, and the materials used. This article is for anyone who is considering buying land and building a house. What Are the Benefits of Buying Land and Building a House?

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How Andrew Marquis plans to close more loans in a low-inventory market  

Housing Wire

Even if I write seven pre-approvals a day, when there is one house and there’s 20 people that want to buy the same house, we still can’t do a lot of deals,” Marquis said. I know that sounds crazy, but we have a lot of clients reaching out for pre-approvals. But [production] levels are not pre-pandemic.

Loans 397
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Help for troubled borrowers is on the way. But will it come soon enough?

Housing Wire

In September 2020, he landed a job as a service advisor assistant for an auto repair shop. The four-bed property was perfect for the pre-Covid reality, but it is challenging to afford right now. A component of the American Rescue Plan Act, it was approved by Congress in March. Department of the Treasury approval.