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What Is a VA Loan? Benefits, Requirements, and How to Apply

Realty Biz

Military borrowers looking to buy or refinance a home might want to consider a VA loan. Department of Veterans Affairs (VA), this loan option can make buying a home easier for those who might otherwise struggle to afford a mortgage. What Is a VA Loan? Benefits of a VA Loan. Backed by the U.S.

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Three trends to watch in 2023

Housing Wire

The last year has been a completely split housing market — one that started with the lowest inventory NAR has recorded dating back to 1999 and one with low mortgage rates. The market has now faced a contraction in existing-homes sales for nine consecutive months, while home prices and rates rise.

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Weaker economy, inflation caused mortgage delinquency uptick in Q4

Housing Wire

While recent indicators pointed to resilience in the job market, the MBA forecasts slower hiring and rising unemployment, with the interest rates hitting 5.2% Nonfarm payrolls increased by 517,000 jobs in January from December — far higher than the 187,000 market estimate. by the end of 2023. The unemployment rate declined to 3.4%

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Mortgage Market Insights Reveal Positive Outlook with Downside Risks

Marco Santarelli

This Mortgage Market Update explores rising rates, potential risks, & why the outlook might still be positive. The US housing market in March 2024 presented a complex picture. This suggests an increase in the pace of new delinquencies, as well as existing loans transitioning into later delinquency stages. in Q4 2023.

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MBA: Mortgage Delinquencies Increase in Q4 2023

Calculated Risk Real Estate

. “ While the overall delinquency rate is still very low compared to the historical average, the pace of new loans entering delinquency picked up and some loans moved into later stages of delinquency. ” emphasis added Note that the largest increase in delinquencies has been for FHA loans.

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Hot Seat: Bryan Bellacosa of ServiceLink

Housing Wire

Bryan Bellacosa: Anticipating that foreclosure moratoriums will lift sometime during 2021, real estate investors and servicers need to be prepared for an increase in defaulted loans. While this market will look different than 2008, there still could be significant default activity.

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In the Military and Selling a House: Programs and Resources for Service Members

HomeLight

Essentially, equity is the market value of your property minus the amount of money you still owe on your mortgage loan. To determine your home’s equity, you first need to assess your property’s fair market value. VA-backed mortgage as marketing. Another benefit of VA loan assumption is lower closing fees.

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