The Mortgage Report

JUNE 10, 2025

Getting Pre-Approved Down Payment Assistance Buying With Low Credit Buying With Low Income Buying With A Disability Who Has The Best Mortgage Rates? These programs vary by amount granted, qualifications, repayment rules, and location. How Much Home Can I Afford? Over 2,000 DPA programs exist across the U.S.

FHA 203k rehab loan

Redfin

JULY 30, 2025

On top of that, it’s also smart to check your local housing market trends and mortgage interest rates. Your mortgage rate will not change, regardless of market rates rising or falling. Lock in rates: Once you’ve found a good rate, lock it in to protect yourself from market fluctuations.

Pre-approval

Redfin

JUNE 13, 2025

Still, each home purchase is different, the market may look very different, and your goals might have shifted. Market conditions may be different Even if your first home purchase was recent, the housing market could have shifted dramatically. In a buyer’s market : There are more homes available than buyers looking to purchase.

Debt-to-income ratio

Rochester Real Estate

NOVEMBER 5, 2015

Factors such as earnest money deposits, loan approvals, and real estate agent involvement should be considered. We will explore the complexities and offers tips for making simultaneous offers in the real estate market. Begin by confirming your loan approval and securing a complete and documented pre-approval from your lender.

Earnest money deposit

The Mortgage Report

JUNE 12, 2025

Getting Pre-Approved Down Payment Assistance Buying With Low Credit Buying With Low Income Buying With A Disability Who Has The Best Mortgage Rates? Easier loan approval — disability income counts toward qualification. Disability compensation counts as income — improving your chances of loan approval.

VA loan

Marco Santarelli

JUNE 28, 2025

Understanding what influences these rates can help you when entering the market. It's essential to factor in that for larger loan amounts, many lenders may require a larger down payment or stricter qualification criteria. Pre-approval helps in identifying appropriate price ranges and strengthens your negotiating position with sellers.

Mortgages

Rochester Real Estate

NOVEMBER 5, 2015

For example, if you use a bank for your loan you may already have a pre-existing relationship with them and they sometimes offer very competitive interest rates. Have you tried calling a bank on a Saturday night to get a pre-approval letter? It lead to investors snapping up too many homes even as the market started to slow.

Finance

The Mortgage Report

JULY 1, 2025

Getting Pre-Approved Down Payment Assistance Buying With Low Credit Buying With Low Income Buying With A Disability Who Has The Best Mortgage Rates? These numbers indicate that buyers nowadays are feeling the pinch of today’s market. How Much Home Can I Afford? VA home loans rose to 7.2%

Loans

The Mortgage Report

JULY 7, 2025

Getting Pre-Approved Down Payment Assistance Buying With Low Credit Buying With Low Income Buying With A Disability Who Has The Best Mortgage Rates? To stand a chance of a loan application being approved at such times, you need to be a very strong borrower. How Much Home Can I Afford?

Equity

Redfin

JULY 31, 2025

If you’re unsure where to start, check with HUD-approved counseling agencies, non-profit organizations, and local housing authorities to find available courses. Adjustable-Rate Mortgage (ARM): Starts with a lower fixed rate, then adjusts based on market trends. Check with your state’s housing finance agency for options.

Purchase and sale agreement

Marco Santarelli

MARCH 23, 2025

The average rates currently observed in the market are as follows: the 30-year fixed mortgage rate is at 6.51% , the 20-year fixed rate sits at 6.25% , and the 15-year fixed rate is recorded at 5.89%. Market Speculation: There's optimism for further potential drops in rates due to economic factors.

Mortgages

BAM Media

FEBRUARY 21, 2025

or The Difference Between Pre-Approval and Pre-Qualification. Hook them with content thats relevant to their everyday livesrestaurants, coffee shops, bars, farmers’ markets, pickleball locations, hiking spots. Im writing this blog to say: Maybe you shouldnt.

Earnest money deposit

Redfin

JULY 7, 2025

Whether you’re in Dallas or Orlando , laws and market conditions can affect how, and if, you can purchase a home before your divorce is finalized. Get clear pre-approval: Make sure your mortgage pre-approval reflects your current debts, legal obligations, and post-divorce income so you know what you can truly afford.

Debt-to-income ratio

Housing Wire

MAY 7, 2025

Weve also seen a slowdown in pre-approvals for new mortgages as lenders are recalculating DTI ratios with student loans back on the books. King is concerned that borrowers who missed payments will have unrealistic expectations about their mortgage qualifications.

Loans

Keeping Current Matters

JUNE 22, 2021

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. offers for sellers to consider.

Pre-approval

Keeping Current Matters

AUGUST 27, 2020

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.

Pre-approval

HomeLight

JUNE 19, 2023

Like pre-qualification or pre-approval. Let’s lay it all out: How pre-qualifications and pre-approvals are similar Pre-qualifications and pre-approvals have a few things in common. Learn More What’s a pre-qualification? But what exactly are they?

Pre-qualification

Housing Wire

FEBRUARY 14, 2024

“Soft credit pulls are a critical tool that our member mortgage loan originators use to work with underserved borrowers — particularly borrowers with credit blemishes — to improve their credit score and ultimately obtain a pre-qualification or an actual mortgage loan,” the CHLA wrote in a letter to the three credit bureaus on Wednesday.

Pre-qualification

Housing Wire

JULY 4, 2024

As Gen-Z enters the housing market , many say they’ve given up on buying a home. Some blame millennials and some blame boomers, while others say that, in fact, boomers are the ones who faced the toughest headwinds when entering the housing market. There’s a lot of finger-pointing and very few solutions.

Pre-qualification

Housing Wire

AUGUST 13, 2021

Existing investors and others including Andreessen Horowitz, Singapore’s GIC, GGV Capital and Moore Specialty Credit participated in the round, which pre-empted a capital raise that could have featured new investors, she said. We’re aiming to bring a legitimacy to alternative home financing options,” said Hefets.

Pre-qualification

Housing Wire

MAY 12, 2022

Worsening market conditions are only going to accelerate an already hyper-competitive mortgage lending industry that is still learning to adapt to post-pandemic homebuying behaviors. But it’s also possible for a homebuyer to apply and receive approval on a mortgage loan without them ever actually speaking with another human.

Lending

Realtor.com

NOVEMBER 28, 2022

designer491/Shutterstock What is a pre-qualification letter? I tell most people they can take that pre-qualification letter and throw it in the trash,” says Patty Arvielo , a mortgage banker and president and founder of New American Funding, in Tustin, CA. What to know about a pre-qualification letter.

Pre-qualification

Housing Wire

OCTOBER 22, 2023

Texas residents interested in becoming a real estate agent must first complete 180 hours of approved coursework to be eligible to sit the state licensure exam. After you complete all six courses, you’ll have to take and pass the pre-license course final exam. That’s a longer program than in most states. How much exactly?

Pre-approval

Housing Wire

DECEMBER 28, 2023

LOs had to fight an uphill battle of targeting the purchase market in an environment with a rate ‘lock-in’ effect, go after first-time homebuyers and offer customized solutions to bring down monthly mortgage payments. They are staying busy relative to the market,” said Michael Ullmann, producing branch leader at Movement Mortgage.

Loans

First Team Real Estate

AUGUST 31, 2020

If you’ve read any tips for homebuyers then chances are you’ve heard that you need to get pre-approved for a mortgage loan. The question is – how exactly do you get the pre-approval? Here are the steps you need to take to get pre-approved for a mortgage loan and the most important facts you need to get you there.

Pre-approval

Realtor.com

JANUARY 16, 2023

. “While you do not ‘need’ a pre-approval letter from your lender in order for your offer to be accepted, I highly recommend all of my buyers present it,” says Denise Shur , a Realtor® with 1:1 Realty in San Jose, CA. ” What is mortgage pre-approval? .”

Mortgage pre-approval letter

Housing Wire

MARCH 26, 2025

Youll need to complete 60 hours of pre-licensing education to be eligible to sit for the real estate exam. This flexible learning format ensures that students complete their pre-licensing requirements with the confidence they need to sit for the state and national exams.

Pre-approval

Housing Wire

OCTOBER 9, 2023

Here are some of the IDFPR-approved, prelicensing course formats: Online. For approval before you take the exam, the state also requires that you mail a photocopy of your current Illinois attorney registration pocket card certificate to PSI at the address provided on the form.

Agents

Toronto Realty Blog

OCTOBER 19, 2022

Should Prospective Tenants Be “Approved” Before Viewing Properties? I’ve written a lot about the rental market so far this year; more than usual. Much of what we discuss pertains to statistics, whether it’s listings, leases, or the absorption rate, or how this impacts the resale market. Screening them.

Pre-approval

Housing Wire

APRIL 22, 2024

Starting from: $ 235 Visit OnlineEd Also Popular Kaplan Real Estate Education Best for career mentorship Pre-recorded video content led by experienced industry leaders. RealEstateU’s state- and ARELLO-approved courses have helped more than 225,000 graduates get licensed since 2013. Easy access to instructors to ask for help.

Pre-approval

Housing Wire

NOVEMBER 17, 2023

To get your license, you’ll need to complete 168 hours of prelicensing coursework at an accredited and approved school. AREI was the first state-approved real estate school in Colorado, and they have been successfully teaching real estate brokers for over 52 years. The top earners in the state earn $200,000 a year or more. [4]

Pre-approval

Housing Wire

DECEMBER 29, 2023

With so many approved, online options to choose from, we’ve pinpointed the best online real estate courses in New York using criteria that matter most to you: flexibility to fit your schedule, a price that fits your budget, and a course that’ll prepare you to ace the exam and start your new career with confidence and industry savvy.

Pre-approval

HomeLight

FEBRUARY 16, 2024

From getting pre-approved for your mortgage to offering flexible closing dates, these strategies are designed to put you in a stronger position. Get pre-approved for your mortgage loan Securing a mortgage pre-approval is perhaps the most important first step in making a compelling offer. Get Started 1.

Pre-qualification

Windemere Buying

FEBRUARY 24, 2021

To set yourself up for a smooth and successful home purchase , getting pre-approved is perhaps the most productive first step you can take. The Pre-Approval Process There is an important distinction to made between two important steps of your mortgage application process: pre-qualification and pre-approval.

Pre-approval

Realtor.com

APRIL 29, 2021

To avoid this fate, make sure to crunch your numbers in our mortgage calculator or a home affordability calculator , and apply for mortgage pre-approval to see just where you stand in terms of how much house you can afford. Pre-qualification and pre-approval are essentially the same. Absolutely not.

Pre-qualification

Realtor.com

FEBRUARY 28, 2021

Those words are cause for celebration for every prospective homebuyer—and especially so when vying for a home in a hot housing market. Buyers in 2021 are facing a market with low inventory and lots of competition. I can speak from personal experience with buying a home in a very hot 2020 market.

Pre-approval

Lighter Side of Real Estate

NOVEMBER 20, 2024

You can browse listings from your couch, get pre-approved for a mortgage, and even apply for mortgages with a few taps right online, all without speaking to a single person. Buyers value lenders who act as advisors, helping them navigate a tough market and offering expertise beyond algorithms and fill-in-the-blank applications.

Pre-approval