Housing Wire

MARCH 30, 2021

At HousingWire’s 2021 Annual Spring Summit, CreditXpert VP of Sales and Client Success Matt Hydrew and T odd Worthington , director of qualification support at Bank of England, discussed top-of-the-funnel strategies lenders can use to help borrowers gain a better understanding of their credit score. Or, give up looking altogether.

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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. Sure, a landlord can evict you, and a mortgage company can foreclose on you.

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Pre-approval Debt-to-income ratio Pre-qualification Mortgages 96

Realtor.com

AUGUST 13, 2020

Step 1: Getting mortgage pre-approval. If problems crop up—with the home inspection, appraisal, mortgage, or other things—then the real estate buying process could take even longer. Step 1: Get pre-approved for a mortgage. kali9 / Getty Images Table of contents: . Step 2: Finding the right home.

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Realty Biz

FEBRUARY 7, 2023

We will discuss how to search for a lending institution you will love. Some people will search for mortgage lenders near me if they want their bank to be nearby. Figure Out What Mortgage Program Works Best When you start looking for a mortgage , one of the first steps should be deciding what loan terms you want.

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Realty Biz

DECEMBER 12, 2022

There are several things to consider when it comes to getting a mortgage. Most home buyers want to get the best mortgage rates and terms. We will cover everything you need to know about how to get a mortgage. What is a Mortgage? There are many different types of mortgages , including conventional, FHA, VA, and USDA loans.

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Debt-to-income ratio Mortgages Pre-approval Pre-qualification 88

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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RIS Media

DECEMBER 19, 2020

Pre-qualifying for a mortgage is often the first step toward owning a home. These interest rates set the floor on lending for lenders, so borrowing when there is a downward trend is always a good idea. Getting a mortgage can sound scary, but getting through the process is easier now than it has ever been.

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Loans Pre-approval Pre-qualification VA loan 105

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

HomeLight

FEBRUARY 12, 2021

Today, FHA loans represent a fair share of the mortgage market; in 2018, the FHA insured 12.1% of all mortgage originations. As a seller, you’re usually not taking on additional risk by accepting an offer from a buyer pre-approved for an FHA loan than you would with a buyer pre-approved for a conventional loan.

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McKissock

JANUARY 31, 2021

Ensure Your Lender Does a Credit Approval for Your Clients. Often, lenders do a pre-qualification that is strictly based on the information that the client gives the lender. When this happens, the lender will give an approved amount, and then you begin shopping. Choose a Lender with a Proven Track History.

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

HomeLight

OCTOBER 27, 2020

The first reason is privacy — you might not want your lending company to have access to all of your financial details, for example. What’s a qualified mortgage loan? . It’s a mortgage that follows rules set out by the Consumer Finance Protection Bureau (CFPB) under the Dodd-Frank Act of 2011. Another reason is convenience.

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Debt-to-income ratio Pre-approval Pre-qualification Loans 104

HomeLight

OCTOBER 9, 2023

If you are approved for up to $450,000, I recommend shopping for homes between $350,000 and $425,000,” says Wordelman. “In I see so many offers come across my desk without pre-qualification letters,” he says. “A Learn more: Mortgage Pre-Qualification vs. Pre-Approval: What’s the Difference?

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Redfin

APRIL 7, 2023

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. – Robert Cenzer | Redfin Agent Don’t jump in and start house hunting until you have been pre-approved by your local bank or lender.

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The Close

DECEMBER 29, 2022

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. So we’ve included a handy download with questions your clients should ask their mortgage broker. Adjustable-rate mortgage (ARM). Assumable mortgage. Acceleration clause.

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Redfin

FEBRUARY 17, 2021

So whether you’re a seasoned homebuyer or a first-time homebuyer , you’ll need to plan for a home appraisal before you can get final approval for your mortgage. . A home appraisal is a prerequisite for most mortgages, whether you’re living in Houston, TX or looking to buy a house in Philadelphia, PA.

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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 AREAA represents more than 17,000 members across 41 chapters.

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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.

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HomeLight

AUGUST 16, 2021

Are you prepared for the responsibilities of home maintenance, mortgage payments, and everything else that comes along with homeownership? Like it or not, your credit score is going to play a huge role in whether you qualify for a mortgage, not to mention the terms you’re offered by a lender. Do you have a secure source of income?

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Closing costs Purchase and sale agreement Inspection Loans 104

HomeLight

AUGUST 31, 2021

Some builders work with preferred lenders or have their own lending companies. You’ll either need to pay the loan off when construction wraps or apply for a mortgage. Home construction loans that auto-convert to traditional mortgages once the home is complete. Assistance finding the best financing for you. Shop for your loan.

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