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. The post VA removes pre-approval process for some loans?

Why Pre-Approval Is Key for Homebuyers in 2022

Keeping Current Matters

You may have heard that it’s important to get pre-approved for a mortgage at the beginning of the homebuying process, but what does that really mean, and why is it so important?

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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 gives you an advantage if you get into a multiple-offer scenario, and these days, it’s likely you will.

Why Pre-Approval Is an Important Step for Today’s Homebuyers

Keeping Current Matters

Being intentional and competitive are musts when buying a home this season. Buying Myths First Time Home Buyers For Buyers Move-Up Buyers Content Hub

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. Pre-approval shows homeowners you’re a serious buyer.

Is a Mortgage Pre-Approval Letter Necessary To Make An Offer on a House?

Realtor.com

Peter Dazeley/Getty Images Do you need a mortgage pre-approval letter to make an offer on a house? You know you need to get your ducks in a row before looking at homes, but does that include securing a pre-approval letter from the bank? What is a pre-approval letter?

Pre Approval vs Pre Qualified vs Underwritten Pre Approval: What’s It All Mean?

HomeLight

Do you know the difference between pre approval vs pre qualified when it comes to mortgage loans? The problem is, if they haven’t been preapproved, they’re “scrambling to get approved and can miss out on a home because it takes time.”.

How To Get Pre-Approved For A Mortgage Loan

First Team Real Estate

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? What is a mortgage loan pre-approval? Pre-approval vs. Pre-qualification.

Need Buyers Pre-Approved Quickly? Or Mortgage Loan Leads? We’ve Got You Covered!

RIS Media

The post Need Buyers Pre-Approved Quickly? Or Mortgage Loan Leads? We’ve Got You Covered! appeared first on RISMedia. Tip of the Day

4 Reasons You Should Get a Mortgage Pre-Approval

RIS Media

If you’re just starting out with the home-buying process, you may want to get a mortgage pre-approval. This is a statement from a lender that informs you of a certain amount you are qualified to borrow, as well as a specific pre-approved interest rate.

The mortgage loan process explained in 9 steps: From pre-approval to closing day

The Mortgage Report

Your guide to the mortgage loan process. Learn what to expect before, during, and after you apply for a mortgage. About Mortgages Buying a home First-Time Home Buyers

Top 5 mortgage terms to know before you buy a house

Housing Wire

Pre-approval. Real Estate Enthusiasts Appraisals earnest money Escrow fixed-rate mortgage mortgage process mortgage terms Pre-approvalThe mortgage application process can be a confusing one — especially if you’ve never gone through it before.

Mortgage Pre-approval: What It Is and Why It Matters

REX Real Estate

Do you know the first step you should take when you’re ready to buy… Buying a Home Getting Financing

The Power of Mortgage Pre-Approval [INFOGRAPHIC]

Keeping Current Matters

Mortgage pre-approval means a lender has reviewed your finances and, based on factors like your income, debt, and credit history, determined how much you’re qualified to borrow. The post The Power of Mortgage Pre-Approval [INFOGRAPHIC] appeared first on Keeping Current Matters.

How to start the process of buying a house in 2022

The Mortgage Report

Buying a home First-Time Home Buyers Buying a Home getting preapproved how to buy a home how to start the process of buying a house Mortgage Pre-approval preapproval steps to buying a homeAre you ready to start the process of buying a house? Here's the first step you need to take.

5 Surprising Financial Lessons I Learned About Paying for My First Home

Realtor.com

Don’t be fooled by your mortgage pre-approval amount. One of the first steps on the road to homeownership was requesting a mortgage pre-approval letter from a mortgage lender. Lenders evaluate your financial history to come up with a pre-approval amount.

5 Smart Strategies to Pull Off a Fast-Paced Military Move

Realtor.com

As soon as you get your PCS orders, make sure to get a mortgage pre-approval in hand. Plus, a pre-approval can give you a leg up, proving to the seller that you’re both willing and able to purchase the home, says Realtor® Bobby Middleton with Texas Premier Realty in San Antonio.

Homebuyers, Here’s How To Stay Positive in Today’s Crazy-Competitive Seller’s Market

Realtor.com

Get pre-approved for a home loan. Your first order of business (if you haven’t already done so) to show you’re a serious buyer is to find a lender who will pre-approve you for a home loan. Buy bidding war pre-approval rent-back seller's market

How Long Does It Take to Buy a House?

Realtor.com

Step 1: Getting mortgage pre-approval. Step 1: Get pre-approved for a mortgage. Your first step shouldn’t be to check out homes; it should be to get mortgage pre-approval from a mortgage lender or broker. kali9 / Getty Images Table of contents: .

The home buying process: Where to start when buying your first home

REX Real Estate

Whether you’re a first-time homebuyer or seasoned homeowner, buying a home is an exciting… Buying a Home REX Tips buyers agent first time home buyer mortgage rates pre-approval

Your Ultimate Guide to Buying a Home (in 13 Steps)

REX Real Estate

Looking for a home is an exciting journey whether you’re a first-time homebuyer or… Buying a Home REX Tips buyers agent first time home buyer mortgage rates pre-approval

Find Out What Really Happens When You Waive Contingencies to Score a Home

Realtor

But keep in mind: Even with a pre-approval letter , things can still go awry in the final lending stages (including the appraisal—see the next item). Buy appraisals bidding war contingency hoa home inspections mortgages moving pre-approval title

What You Need to Qualify for a Mortgage

REX Real Estate

Whether it’s your first home or your dream home, house hunting can be an… Buying a Home Getting Financing Home Loans apply for home loan down payment how do I qualify for a loan lender loan calculator mortgage mortgage payments pre-approval Real Estate rex home loans rex homes

Finding the Best Mortgage Lender

REX Real Estate

Deciding to buy a home helps open a new chapter for you and your… Buying a Home Getting Financing Home Loans home loans lender mortgage mortgage rates pre-approval rex home loans

What You Need to Qualify for a Home Mortgage

REX Real Estate

Many… Buying a Home Getting Financing Home Loans apply for home loan down payment how do I qualify for a loan lender loan calculator mortgage mortgage payments pre-approval Real Estate rex home loans rex homes

How To Think Strategically as a Buyer in Today’s Market

Keeping Current Matters

Pre-Approval: the Best Opening Play To Make as a Homebuyer. And the best move you can make when you begin your home search is getting pre-approved by a lender. As a homebuyer, your pre-approval letter signals to the seller that you’re a serious, interested buyer.

How to get a mortgage preapproval in 3 steps

The Mortgage Report

You need a mortgage pre-approval before you can start house-hunting. Here's how to get your pre-approval letter in 3 simple steps. About Mortgages Buying a home First-Time Home Buyers

Can I switch mortgage lenders after locking my loan?

The Mortgage Report

Is it okay to switch mortgage lenders once you have been pre-approved or does locking a rate commit you to a lender? Mortgage Strategy

Three Ways to Win in a Bidding War

Keeping Current Matters

Multiple-offer scenarios are heating up, so it’s important to get pre-approved before you start your search. A recent survey shows that only 52% of active homebuyers obtained a pre-approval letter before they began their home search.

HousingWire April Demo Day: Blend

Housing Wire

Manage pre-approval letters, on-the-go. LO ToolKit. LO Toolkit supports loan officers on all key workflows across the entire loan process in one workspace, enabling them to be trusted advisors and operate more efficiently. It provides teams the power to close more loans, faster while reducing origination costs. Product Fast Facts. #1. Quickly qualify borrowers. #2. Enable side-by-side loan scenarios. #3. Get More Info.

Mortgage Preapproval vs Prequalification: What’s The Difference

Maximum Exposure Real Estate

How Pre-approval Differs From Pre-qualification Do you know how mortgage preapproval differs from a prequalification?

5 tips for buying a home in a seller’s housing market

Housing Wire

Get pre-approved before beginning your home search. A mortgage pre-approval is non-negotiable in this environment. There’s no doubt we’re in a seller’s housing market.

1 in 5 Homeowners Missing Mortgage Payments in 2020: How Should Agents Respond?

Real Trends

Real estate agents navigating the COVID-19 landscape have had to adapt their entire marketing model — eliminating or scaling back open houses, substituting video tours for in-person previews, and limiting home visits to buyers who are pre-approved for financing.

How to negotiate your home purchase offer

Housing Wire

Get pre-approved to show you mean business: Consider obtaining a pre-approval for a mortgage from a lender by the time you reach the offer stage, as this document can play a key role in the negotiation process.

How to Know if Your Client Is Really Motivated to Buy in a Hot Real Estate Market

McKissock

3: They are pre-approved. Pre-approval shows that the buyer is at least moving in the right direction. On the other hand, a pre-approval letter is an actual conditional commitment in writing from the lender for an exact loan amount. Time is money.