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How loan originators survived a cutthroat mortgage business in 2023

Housing Wire

I’ve got several pre-approvals out there where people just can’t find what they want and the rates are throwing them off,” Don Monson, branch manager at Sente Mortgage , said of the challenges he faced in 2023. The lack of inventory led to rising home prices, creating multiple-offer situations in some parts of the country.

Loans 432
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How to Become a Real Estate Agent in Illinois (IL) in 5 Steps

Housing Wire

How getting a real estate license in Illinois is different from other states While most states call the professional who represents a buyer or a seller of commercial or residential real estate a “real estate agent,” Illinois calls this individual a “real estate broker.” Here are some of the IDFPR-approved, prelicensing course formats: Online.

Agents 421
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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. Keep in mind that mortgage pre-approval is different than mortgage pre-qualification).

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Can You Submit Multiple Offers On Homes At Once – A Legal And Ethical Analysis

Rochester Real Estate

Factors such as earnest money deposits, loan approvals, and real estate agent involvement should be considered. Begin by confirming your loan approval and securing a complete and documented pre-approval from your lender. This includes considering financial stability, loan pre-approval, and contingencies.

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Navigating Careers in Real Estate: A Comprehensive Guide

Realty Biz

You need to finish a state-approved pre-licensing real estate course. In addition, the state can request to attend approved real estate courses every few years. Complete a pre-licensing education (varies from state to state but usually lasts around 135 hours) and pass a state licensing exam. Now comes the real challenge!

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The Best Mortgage Blogs From 2017 | Advice For Home Financing

Rochester Real Estate

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? Here are some of Anita’s thoughts on the subject.

Finance 52
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Selling a Home at Auction: Pros, Cons, and How to Get Started

HomeLight

The National Association of Realtors agrees that auctions can accelerate a sale, in addition to offering these key benefits for sellers: Higher visibility among pre-qualified, prepared buyers who are ready to buy. Step 4: Determine the qualification process for bidders. Your home will be visible to pre-qualified, serious buyers.