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. Bottom Line.

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Housing Wire

SEPTEMBER 2, 2021

One of the ways that RMF approached the decision to tackle lowering the minimum age requirement on Equity Elite came from the product development team pursuing different options to enhance its offerings, similarly to the way the idea to streamline borrower qualification came about. How the idea emerged , age-restricted communities.

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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.

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Housing Wire

SEPTEMBER 19, 2024

Affordability’s connection to varied “sources of income” If this is news to you, perhaps you are wondering, “Wait a minute… “source of income” discrimination, really? I thought “source of income” discrimination had to do with rental properties like “section 8” (or what’s officially called the Housing Choice Voucher Program). Yes, you are right.

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Housing Wire

FEBRUARY 24, 2021

The loan pre-qualification step is an area that almost all parties need for a successful outcome (consumers, real estate agents, loan officers, insurance agents). The end result has created a far more educated and informed consumer while also breaking down what we consider traditional B2B and B2C channels. How do I find a doctor?

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Housing Wire

JULY 30, 2021

Josh Lehr: Pre-pandemic, online home buying existed, but over the last year, shopping online for mortgages became much more popular and convenient as meeting in person with a loan officer was not an option. HousingWire: How have trends around direct-to-consumer lending changed over the past year?

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Housing Wire

OCTOBER 5, 2021

Housing market inventory is low right now. Historically low. According to the National Association of Realtors’ existing home sales report in August, inventory was down 13.4% compared to a year prior. DropOffer , a new home searching platform that launched Friday, aims to streamline this process.

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Housing Wire

NOVEMBER 28, 2022

In its pre-sale report, KBRA noted that the average borrower’s FICO score was “moderately strong” at 740, with the current average loan-to-value ratio at 68.4% DSCR) have historically exhibited higher delinquency and default risk relative to loans underwritten using traditional income qualification (i.e.,

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Housing Wire

DECEMBER 28, 2023

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. This is a lot different than 2008 where you needed a credit score and a heartbeat to get a mortgage.

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Housing Wire

APRIL 19, 2022

Requirements for nonbank LOs include a 20 hour pre-certification course; eight hours of annual CE courses; registering in the Nationwide Mortgage Licensing System (NMLS); and submitting fingerprints to NMLS for a criminal background check. . As of now, the CFPB does not have plans to make any changes. Regulations to oversee them all.

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Housing Wire

JUNE 1, 2022

recovers from the pandemic and routines normalize, the preference for digital solutions shows no signs of reverting to pre-pandemic times. recovers from the pandemic and routines normalize, the preference for digital solutions shows no signs of reverting to pre-pandemic times. Even as the U.S. Even as the U.S. How Calyx Path can help.

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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. That’s a longer program than in most states. We estimate that it’ll take three to six months to get up and running as a licensed real estate agent in the Lone Star State.

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Housing Wire

MAY 12, 2022

Yes, a customer should be able to fill out a pre-qualification application digitally. Rates are rising. Refinances are falling. Inventory is contracting. Application fallouts are worsening. It’s getting harder out there. This is not an Amazon order. There are two critical problems with this. We’re not cavepeople. What a borrower wants.

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Housing Wire

MAY 25, 2022

In a housing market vastly different from the pre-pandemic period, how can industry professionals position themselves to achieve growth despite these current obstacles? When it comes to business growth this year and beyond, industry experts agree that 2022 is the year of the non-qualified mortgage (non-QM) loan.

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Housing Wire

OCTOBER 6, 2020

Rocket Mortgage may offer its prospects an easy button, but a very low percentage its borrowers actually meet the qualifications to complete the process in a fully digital manner. Talk to any mortgage technologist about the future of the industry and two topics will emerge immediately: big data and smarter automation.

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Housing Wire

AUGUST 31, 2020

In creating its AutomatIQ Borrower solution, CoreLogic aimed to provide one consistent, objective and transparent workflow that lenders could leverage to validate applicants from pre-qualification to closing. For example, like other providers, we offer instant employment verification. “For But we don’t.

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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. The best real estate classes in Washington will equip you with the knowledge and skills to pass the state exam and confidently begin a new career. out of 5 stars Rating: 4.5

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Housing Wire

DECEMBER 29, 2023

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Choosing one of the best online real estate schools in California is your first step to joining our vibrant industry, and it’ll set you up for success for the state’s real estate exam.

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Housing Wire

FEBRUARY 12, 2024

Price range: $114 to $1,099 Visit Colibri Also popular Kaplan 50+ years as a leading education provider Pre-recorded video content led by experienced industry leaders. Easy access to instructors to ask for help. Career mentoring opportunities. Our favorite feature is the online video format with self-paced delivery.

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Housing Wire

OCTOBER 9, 2023

If you’re interested in becoming a real estate agent in Illinois, you’ll be happy to hear that the path to getting your real estate license in the Prairie State doesn’t require as much of a time commitment as other states. The actual professionals who many states call “brokers,” however, are called “managing brokers” in Illinois. 2] DID YOU KNOW?

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Housing Wire

NOVEMBER 17, 2023

Your real estate career in picturesque Colorado is an exciting adventure waiting to unfold. We’re here to guide you in finding the best Colorado real estate school for your needs. To get your license, you’ll need to complete 168 hours of prelicensing coursework at an accredited and approved school.

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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.

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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.

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HomeLight

OCTOBER 22, 2021

You may be wondering how affordability calculators work if you’re ready to get some numbers down on paper before showing up for a pre-qualification meeting with a lender. Figuring out how much house you can afford can feel like playing The Price Is Right. Get it right, and you move into your dream home.

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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. Yuri_Arcurs/iStock; MattKay/iStock Buying a home and getting a mortgage typically go hand in hand.

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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? So is seeking pre-approval a good idea for you?

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Realtor.com

AUGUST 13, 2020

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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Housing Wire

DECEMBER 29, 2023

Delivery methods: All of the CE Shop’s New York real estate pre‑licensing courses are optimized for a smartphone, tablet, or computer. hour New York Continuing Education Packages, New York Continuing Education Individual Courses, and 75-hour New York Broker Real Estate Licensing Packages. out of 5 stars Rating: 4.5 out of 5.

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BAM Media

FEBRUARY 21, 2025

or The Difference Between Pre-Approval and Pre-Qualification. or The Difference Between Pre-Approval and Pre-Qualification. It is my job to consume a ton of real estate content (unfortunately). Im writing this blog to say: Maybe you shouldnt. Think about why you open Instagram. What Should You Do Instead?

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Realtor.com

NOVEMBER 11, 2022

Here are more step-by-step home-buying details, including information about down payments, closing costs, mortgage rates, pre-approved mortgages, and more. Step 2: Qualify for a home loan or loan pre-approval. Consider this pre-qualifying step akin to getting a full medical checkup before you train for a marathon.

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RIS Media

OCTOBER 22, 2020

Evaluate your current credit situation and make a game plan to clean up your credit score, if needed, prior to starting the pre-approval process.” Be sure to also clarify the difference between pre-approvals and pre-qualifications. According to ZIllow, in a competitive housing market, pre-approval is the way to go.

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RIS Media

DECEMBER 19, 2020

Pre-qualifying for a mortgage is often the first step toward owning a home. If you are a first-time homebuyer who meets certain credit and income qualifications, you could look at an FHA loan to get a lower down payment. If you’ve never done this before, though, you might not know where to start. Look at Loan Types.

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CT Homes

AUGUST 31, 2020

There is a huge difference between a pre-qualification and a pre-approval. Most lenders or mortgage companies will issue a pre-qualification letter after reviewing the credit report and taking verbal information on income, assets and employment. Completing a successful Real Estate Transaction is difficult.

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HomeLight

AUGUST 29, 2024

Your pre-tax income Your pre-tax income, also called your “gross income,” is the amount of money you make before deducting for state and federal taxes. People know their pre-tax salary off the top of their head. If you’re buying a home with a partner, you should add your pre-tax incomes together to get your full buying power.

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Realty Biz

MARCH 17, 2021

Explain the difference between pre-qualified and pre-approved. Too many people get a pre-qualification letter from their bank and think that this means they can close on the property. Help them get pre-approved for a mortgage. Are they set on moving into a move-in ready home? Understand their personal needs.

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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. From pre-approval to closing, they’re with you every step of the way, answering questions and ensuring no detail is overlooked. It’s not just a transaction.

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Toronto Realty Blog

MARCH 28, 2024

Those who know me – at least, through TRB, are fully aware of my thoughts on pre-construction condos, the pre-construction condo industry, and the way that pre-construction condos are sold and eventually built. Your “Buying Pre-Construction Condos and CAKE! Time flies when you’re having fun, right?

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