Housing Wire

FEBRUARY 15, 2024

And that’s how Saller’s clients — siblings in their early 20s — can close on a $335,000, three-bedroom condominium in Jackson, New Jersey, early in March. They made good money, but with student loans and car payments, they didn’t have the money for the down payment and closing costs,” Saller said.

FHA loan 442

FHA loan Loans Closing costs Loan Officer 442

Housing Wire

NOVEMBER 7, 2023

Adding this cost to their side of the transactions would throw the vast majority of them out of the market entirely.” Not helping FHA, VA borrowers get off the sidelines Under current FHA rules, sellers can contribute up to 6% in concessions to FHA borrowers to cover closing costs, prepaid expenses and discount points.

VA loan 450

VA loan Agents Seller concession FHA loan 450

Housing Wire

MARCH 28, 2024

Starting strong is less important for a deal that takes a long time to close. Preparing for the next mortgage market What should lenders be doing now to be ready for the return of the refinance business? Those of us who have been in this business more than a cycle or two know what’s coming next. That’s a good thing.

Mortgages 453

Mortgages Technology Loan Officer Loans 453

Housing Wire

FEBRUARY 6, 2024

They “have the benefit of a new guarantee and security agreement […] and include certain restrictive covenants and mandatory prepayment events,” the filing states. The closure of that deal , including the consolidation of certain technology systems that have associated costs, will mark its one-year anniversary in April.

Equity 404

Equity Finance Industrial Mortgages 404

Housing Wire

OCTOBER 20, 2023

In fact, considering inter-family and estate transfers as well as for-sale-by-owners, as many as 20% of all transactions may not include the use of an agent. ZipRealty closed nearly 30,000 transactions at its peak. What about the MLSs? Consumers are free to sell or buy a home without an agent — and consumers know this.

MLS 424

MLS Brokerage Agents Industrial 424

Housing Wire

DECEMBER 12, 2022

In today’s high-rate environment, lenders are looking for innovative ways to optimize and automate processes for maximum cost savings and efficiency without compromising on the consumer experience. A faster title commitment should equal a faster closing, right? Conceptually, the idea makes sense. Yes and no.

Title 383

Title Mortgages Loans Loan Officer 383

Housing Wire

NOVEMBER 9, 2023

The integrated end-to-end digital mortgage white-labeled platform aims to cut origination costs and helps partners limit operational volatility in the current interest rate environment, Better said Thursday in announcing the launch. The company’s latest efforts to become a digital homeownership company includes the launch of Better Insurance.

Mortgages 395

Mortgages Finance Technology Loans 395

Housing Wire

SEPTEMBER 21, 2023

What does this mean, and what do we do about it? We need to be more strategic in how we use technology and what kind of investments we make in our businesses, including our talent attraction and retention game. What action can you take to support each quartile? Analyze your sales data by quartiles.

MLS 412

MLS Agents Sales Closing 412

Housing Wire

APRIL 1, 2024

“What if homeowners could tap into home equity without taking on debt?” Hometap is among a handful of companies — including Unison , Unlock , Point and Aspire — that offer home equity investments. Through a home equity investment, homeowners can receive cash upfront in exchange for a share of the home’s future value.

Equity 427

Equity Finance Purchase and sale agreement Investor 427

Housing Wire

SEPTEMBER 8, 2022

Bank of America recently announced a loan for lower-income households that doesn’t require homebuyers to come up with a downpayment or closing costs, and doesn’t base the loan on a minimum FICO score. This is what we do in America. That is what has happened here in the U.S. It’s not an investment.”.

Loans 543

Loans Banks Equity Closing costs 543

Housing Wire

APRIL 26, 2023

What we’re seeing is just increased competition over every deal. Strategies to differentiate themselves include buying leads, providing niche loans and getting on builders’ preferred lender list. There’s a lot of lenders that are running really lean on everything,” Burruss said.

Loan Officer 393

Loan Officer Mortgages Loans Closing costs 393

Housing Wire

DECEMBER 26, 2022

Seth Appleton: The cost to originate a mortgage remains stubbornly high, so we are focused on developing standards that enable the industry to leverage data and technology to reduce costs, maximize efficiencies and lessen the need to constantly reverify and revalidate information. It is fundamental to what MISMO is and does.

Technology 362

Technology Development Industrial Residential 362

Housing Wire

OCTOBER 24, 2023

His rationale is that the corporate defendants, which now include Keller Williams and HomeServices of America , follow and enforce the NAR rule. This means sellers wind up paying inflated commissions at closing. Goldberg responded that the analogy does not fit because agents are selling services and not a product.

MLS 414

MLS Principal Brokerage Agents 414

Housing Wire

JUNE 28, 2022

HousingWire recently spoke with Armando Falcon, CEO of Falcon Capital Advisors , about the continued growth of digital mortgage solutions such as eClosings and what lenders can do to implement eMortgages into their business models. . HW: What are the biggest obstacles that lenders face in a true digital transformation?

Mortgages 401

Mortgages Title Loans Closing 401

Housing Wire

FEBRUARY 22, 2024

Murray, who has testified in many of the lawsuits filed over the years, says that the DOJ does not seem to understand how the current system works. The outcome the DOJ wants would only reduce costs for sellers, but it Is going to put buyers in a hole,” Murray said. Nearly six months later, Murray stands by this assertion. “If

Industrial 414

Industrial MLS FHA loan Agents 414

Housing Wire

AUGUST 7, 2023

What Rocket did say is that purchase market share gains came from both the direct-to-consumer and Rocket Pro TPO channels. So that indicates to us that realtors are interested in what we have to offer and passing that on to their clients (…) We have been excited to see that increase. billion, ranking third on IMF’s rankings.

Loan Officer 367

Loan Officer Finance Loans Mortgages 367

Housing Wire

JANUARY 18, 2023

There are a few investors, including Pennymac, that are in a good position to take advantage of that opportunity.”. Wells Fargo made the announcement to close the correspondent business last week, citing a desire to fund only loans that it has underwritten. What are the benefits and drawbacks?

Loans 420

Loans Banks Investor Lending 420

Housing Wire

NOVEMBER 1, 2022

Options for borrowers include temporary rate buydowns and down payment assistance programs. So what is a 2/1 rate buydown? How does a 2/1 rate buydown work? What are the pros and cons? Alternatives to a 2-1 rate buydown include down payment assistance programs and other varieties of rate buydown.

Seller concession 433

Seller concession Loan Officer Closing costs Mortgages 433

Housing Wire

JANUARY 18, 2021

That’s what real estate agents are here for. An agent can keep you calm and informed, so you’re never in the dark when it comes to closing costs. Make sure you’re working with someone experienced and who actually cares about what you want. But does that mean it should be? Find a real estate agent who: 1.

Agents 545

Agents Closing costs Closing Mortgages 545

Housing Wire

OCTOBER 26, 2023

After filing a motion for a mistrial Wednesday morning, citing several grievances including “vulgar” footage from a Tom Ferry podcast featuring Allan Dalton and references to the Department of Justice’s investigation of the National Association of Realtors (NAR), defendant HomeServices of America learned it didn’t get its way.

MLS 410

MLS Agents Finance As-is 410

Housing Wire

SEPTEMBER 2, 2021

As tighter margins take hold, lenders will be forced to shave costs elsewhere and invest in a tech stack that will improve efficiency, automate manual tasks and manage the peaks and valleys of volumes. For Wooden and his teams, the preparations were made during the off-season, in practice, in the weight room, etc.

Technology 423

Technology Closing Loan Officer Mortgages 423

Housing Wire

AUGUST 18, 2023

Don’t go to your next listing appointment unless you know the following items: What the seller wants, needs or thinks it’s worth Pricing the home correctly in the first place prevents future price reduction drama. Not prequalifying is unprofessional and can waste your time and the sellers. Always prequalify, 100% of the time!

Pre-qualification 370

Pre-qualification New Construction MLS Construction 370

Housing Wire

JANUARY 18, 2024

Sarah Wheeler: What led you to join Stavvy last year? Jim Butler: This is my fifth time around as CTO, and what attracted me to Stavvy was the really impressive line-up of industry experts in the company. SW: How do you decide what you want to develop next? They can choose the whole platform or just parts of it.

Industrial 310

Industrial Technology Commercial As-is 310

HomeLight

MAY 7, 2024

If you’re planning to sell your home in Massachusetts, understanding the costs involved, including real estate transfer taxes, is important. Find Agent Disclaimer: This post is for educational purposes only and does not constitute legal or financial advice. What are transfer taxes? Who pays for transfer taxes?

Closing costs 88

Closing costs Title Closing Land 88

Realty Biz

APRIL 8, 2024

Answer: Assess your finances to understand what you can afford. This includes checking your credit score, saving for a down payment, and getting pre-approved for a mortgage. What Can I Afford? Answer: What you can afford depends on your income, credit rating, current monthly expenses, down payment, and interest rate.

Pre-qualification 57

Pre-qualification Pre-approval Closing costs FHA loan 57

Realty Biz

FEBRUARY 19, 2024

Are you looking for privacy, or does living in a neighborhood sound pleasing? Understanding how big an acre is will be a good start for what you need for land. Let's dig into what you should know. After that, it is all about ensuring no adverse circumstances impede what you want to do or your enjoyment of the property.

Land 126

Land Due diligence Title search Finance 126

HomeLight

APRIL 12, 2024

There are three “what if” scenarios that haunt most home sellers: What if I can’t get an offer? What if my home doesn’t sell in time? What if the sale falls through? We’ll also provide information about similar companies where you can compare offers and what benefits and drawbacks you can expect. What is Opendoor?

Closing 82

Closing Design Sales As-is 82

HomeLight

MARCH 5, 2024

Hopeful buyers often discover that the key to this door is getting past the upfront costs required to buy a house. But what exactly is a seller assist when buying a house, and how can it help clear the path on your homebuying journey? Get Started What is a seller assist in real estate? How does a seller assist work?

Seller concession 67

Seller concession Closing costs Title Closing 67

HomeLight

JANUARY 10, 2024

As a homebuyer, knowing what these contingencies mean for you and the seller can help you make decisions with more confidence and avoid unexpected surprises and pitfalls. Get Started What does contingent mean when buying a home? What does this mean to a buyer? What does this mean to a seller?

Earnest money deposit 105

Earnest money deposit Purchase and sale agreement Inspection contingency Inspection 105

HomeLight

FEBRUARY 16, 2024

You’re wondering, “What does FROG mean in real estate?” Get Started What does FROG mean in real estate? Source: (procontributors / Depositphotos) What are FROG rooms used for in a home? Source: (procontributors / Depositphotos) What are FROG rooms used for in a home?

Design 108

Design New Construction Agents As-is 108

HomeLight

MAY 8, 2024

Let’s take a closer look at how to sell a house in Louisiana, your options for getting a cash offer, and what you can expect from the process. Real estate attorneys are not considered essential for closing in the state of Louisiana Real estate transfer taxes? What problems do you have to disclose in Louisiana?

As-is 88

As-is Inspection Finance Residential 88

HomeLight

JANUARY 30, 2024

In this post, we’ll look at how refinancing a mortgage works, what you can expect, and how to decide if leveraging this financial tool is right for you. In this post, we’ll look at how refinancing a mortgage works, what you can expect, and how to decide if leveraging this financial tool is right for you. How does refinancing work?

Mortgages 96

Mortgages Closing costs Equity VA loan 96

Realty Biz

FEBRUARY 1, 2024

Essentially, seller credits are a form of financial incentive the seller provides to the buyer to help cover certain costs associated with purchasing a property. Typical uses include closing costs, prepaid items, and even repairs or upgrades to the property. The cost was estimated to be around ten thousand.

Purchase and sale agreement 80

Purchase and sale agreement Closing costs VA loan FHA loan 80

Realty Biz

SEPTEMBER 27, 2023

Here’s how your monthly payment breaks down over time — and what that means for you. What is amortization? A monthly mortgage payment includes principal, interest, and other fees such as property tax and private mortgage insurance (PMI). How does amortization work? Take this example.

Principal 114

Principal Staging Loans Equity 114

HomeLight

DECEMBER 28, 2023

But what does assuming a mortgage look like? In this post, we’ll explain what it means to assume a mortgage during a divorce. We’ll also discuss the costs involved, the types of mortgage loans that can be assumed, and the financial and tax considerations to keep in mind. Unsure What to Do With the House?

Debt-to-income ratio 87

Debt-to-income ratio Mortgages Loans Equity 87

Realty Biz

OCTOBER 19, 2022

Buying or selling a home isn't easy, with potential problems before you close. The home inspection is part of the process that can lead to problems, but what does a home inspector do? If you are unsure about what does a home inspection cover, we take a look so that you are better informed. Others do not.

Inspection 122

Inspection Inspection contingency Agents As-is 122

The Close

DECEMBER 5, 2022

We ranked real estate coaches by reputation, cost, and which kind of agent we think they’ll work best for. We also include sample training materials like scripts and videos to help you make the right choice for your career. Pricing: How Much Does Tom Ferry Coaching Cost in 2023? Pricing What’s Included.

Closing 116

Closing Agents Industrial Sales 116