Housing Wire

SEPTEMBER 22, 2022

Chicago-based Guaranteed Rate this week rolled out an expanded Language Access Program, which has applications and loan servicing in Spanish for consumers in all 50 states. Let’s take loan disclosures as a prime example. In 2021, Guaranteed Rate originated more than $116 billion in purchase loans and refinances.

Marketing 370

Marketing Loan Officer Loans Finance 370

Housing Wire

JULY 2, 2024

to its endorsement tally to finish at 534 loans, after lagging behind Mutual of Omaha Mortgage in recent months. to 56 loans, while South River Mortgage and HighTechLending also managed positive growth in June. Equity takeout” loans — reverse mortgages that are neither purchases nor refinances — dropped by 4.8%

Mortgages 434

Mortgages Equity Loans Loan Officer 434

RIS Media

MAY 19, 2021

The loan process is a whole different process that can seem like a foreign language. Most buyers just want to know what fees and costs are associated with their new home purchase or refinance. Non-Recurring Costs Associated With the Lender. May vary widely between lenders and are not dependent on the cost of the loan.

Closing costs 116

Closing costs Closing Pre-approval VA loan 116

Housing Wire

MAY 25, 2023

If we then look at data from the Federal Housing Administration (FHA), there were 2,063 Home Equity Conversion Mortgage (HECM) for Purchase loans endorsed in 2022 — less than 1/10th of 1% of homes sold last year. Few loan officers make the purchase product a main part of their business. million, of those homes.

Loan Officer 418

Loan Officer Equity Finance Loans 418

HomeLight

SEPTEMBER 30, 2020

Does that mean you might encounter even more reasons to cry while trying to get a short sale mortgage loan ? Securing a short sale mortgage loan isn’t that different from purchasing a standard home. In a short sale, the owner owes more on their mortgage loan than the house is worth. But what if you’re buying a short sale?

Short sale 138

Short sale Loans Sales Pre-approval 138

Housing Wire

NOVEMBER 15, 2023

It won’t help my brand if I hold the line. Letting them know about the lawsuit and explaining how that will affect their home search and selection, especially if there is no buyer agent commission and the client is a VA or FHA loan ,” one agent said. “We need to do business differently,” another respondent said.

Purchase and sale agreement 468

Purchase and sale agreement MLS Agents FHA loan 468

Redfin

JANUARY 28, 2025

If you’re exploring mortgage options or looking to sell your home, whether its a charming home in Nashville or a spacious townhome in Houston , you might wonder: Are FHA loans assumable? Are FHA loans assumable? This is a unique feature of FHA loans, as not all loan types (like most conventional loans) offer this option.

FHA loan 31

FHA loan Loans Closing costs Mortgages 31

Redfin

JANUARY 28, 2025

When it comes to buying a home, most buyers are familiar with securing a brand-new mortgage. Assumable mortgages offer a unique alternative, allowing buyers to take over the sellers existing loan – potentially locking in a lower interest rate and saving money over time. How do assumable loans work?

Loans 31

Loans Mortgages VA loan Purchase and sale agreement 31

HomeLight

JANUARY 31, 2022

You’re thinking about buying a house, but you aren’t sure what your mortgage loan (or monthly payment ) will look like. Still, to make your dream a reality, determining how to estimate a mortgage loan and how much you can spend is something you’re going to have to do. Source: (sarah b / Unsplash). as a down payment.

Loans 98

Loans Mortgages FHA loan Principal 98

Marco Santarelli

MAY 27, 2024

If you're in the market for a house, that 7% average rate on a 30-year fixed loan might feel like a brick wall blocking your dream of homeownership. An assumable mortgage is a way to take over the existing mortgage on a property instead of getting a brand-new loan. Unfortunately, conventional loans are generally not assumable.

Debt-to-income ratio 96

Debt-to-income ratio Mortgages FHA loan VA loan 96

RIS Media

OCTOBER 21, 2020

Snap provides agents and mortgage loan officers closing cost estimates for each of Realogy Title Group’s more than 40 brands, the ability to start a title order, generate and electronically share seller net sheets, title and escrow fee estimates, and a range of real estate calculators.

Title 98

Title Loan Officer Closing costs Branding 98

HomeLight

SEPTEMBER 8, 2020

There are a lot of costs you have to worry about, such as the down payment , closing costs , your monthly mortgage amount , and more. If you expect to pay between 3% (the minimum for a down payment) to 6%, then some of your options include an FHA loan, a Fannie Mae HomeReady loan, or a conventional loan.

Inspection 98

Inspection Closing costs Debt-to-income ratio Title 98

BAM Media

MAY 14, 2024

Closing costs (to put the horror stories they’ve heard into perspective) #3— “Glossary of Real Estate Terms: Speak Like a Pro!” Not knowing key real estate terms can make first-time buyers feel lost and overwhelmed—and less likely to want to move forward, even if now is the best time for them to do so.

Pre-approval 111

Pre-approval VA loan Closing costs Loans 111

The Close

JUNE 15, 2022

If you’re brand-new to SEO, check out our in-depth guide here: Related Article. Closing costs 42. Who pays closing costs? Closing costs for seller 44. FHA loans. FHA vs conventional loans. How much does it cost to sell a house? How to get preapproved for a home loan.

Closing costs 98

Closing costs Title Inspection Closing 98

HomeLight

OCTOBER 30, 2020

Maybe you aren’t using a loan, but you can still run into cash flow issues. Financing and appraisal contingencies give the buyer an out if their lender determines that it will not finance the property, based either on the loan underwriting or the results of the appraisal. Not enough money for closing costs. Tenant issues.

Closing 116

Closing Inspection contingency Title search Purchase and sale agreement 116

HomeLight

DECEMBER 30, 2021

We’ll also hear from Richie Helali of HomeLight Home Loans for an inside scoop on the loan-related documents for buying a house. Loan Estimate. A Loan Estimate is a document provided by your lender that includes the terms of your mortgage loan and an estimate of your closing costs. Interest rate.

Purchase and sale agreement 98

Purchase and sale agreement Title Closing costs Seller disclosure 98

Realty Biz

SEPTEMBER 23, 2023

The top reasons consumers cited for choosing a mortgage lender were low closing costs and better rates (53%), positive brand reputation (40%), and flexible repayment options (36%). Almost half of Americans (45%) will explore other options before obtaining a mortgage from their primary financial institution.

Lending 94

Lending Banks Closing costs Branding 94

HomeLight

JULY 31, 2020

By the time you’ve finished reading, you’ll have a better understanding of the ins and outs of buying brand new and whether or not this is something you’d like to pursue. Everything is brand-new. Because everything is brand new, you’re less likely to be burdened with surprise repairs.

New Construction 111

New Construction Construction Inspection Branding 111

HomeLight

OCTOBER 29, 2021

If a loan professional or a real estate person doesn’t have the patience or the time to talk with you this far out, they’re not the right fit for you anyway,” Gleason says, noting that he has longtime clients who haven’t bought yet, and he’s still happy to answer the phone when they call with questions. Step 2: Understand your loan options.

Loans 105

Loans FHA loan Pre-approval Closing costs 105

HomeLight

FEBRUARY 17, 2022

That includes an average of 32 days on market , plus the typical 54 days a buyer needs to close on a purchase loan. Closing costs: We Buy Ugly Houses covers most, if not all closing costs. Closing costs: No prep costs, no agent commissions, and no fees charged by HomeLight. Our advice?

Closing costs 97

Closing costs Closing Sales Staging 97

HomeLight

AUGUST 27, 2020

After you’ve signed all of those papers at the closing table and have the keys in your hand, it’s finally real — you’re a homeowner! Which means you have a brand-new responsibility, a mortgage payment. Do you know when the first mortgage payment is due after closing? Unlike rent, mortgages are paid in arrears.

Mortgages 98

Mortgages Principal Closing Loans 98

HomeLight

MAY 31, 2021

I want to pay my loan off in five years” is good, but setting a specific date is even better; it gives you something tangible to aim toward and look forward to. To calculate your DTI, lenders tally up your monthly debt payments — such as student loans, car payments, and credit card payments — and add in your new mortgage payment.

Mortgages 81

Mortgages Principal Loans VA loan 81

HomeLight

JULY 25, 2022

If there’s a major repair or component of the home that you know is not brand new or in tip-top shape,” says JoAnn, “simply disclose it and you’re good.”. These companies can help sellers cash out quickly and many will cover a seller’s closing costs. Be aware of minimum property standards for certain loans.

As-is 110

As-is Purchase and sale agreement Inspection Closing costs 110

HomeLight

MARCH 21, 2022

These companies can also provide a quick and flexible closing, reduce or eliminate the need for repairs, and in many cases will cover all of a seller’s closing costs. Some of these companies may specialize in your specific area or be associated with a brand serving a broader area. How do companies that buy houses work?

Home sale contingency 105

Home sale contingency Closing costs Investor Sales 105

First Team Real Estate

DECEMBER 7, 2020

A couple of aspects can assist you in deciphering how economically sound a purchaser is: how much they’re putting down, their down payment deposit or earnest money , and if they’re preapproved for a loan. Pre-approval: These days, being pre-approved for a loan is basically a requirement in competitive markets.

Purchase and sale agreement 98

Purchase and sale agreement Pre-approval Title Backup offer 98

HomeLight

JULY 14, 2021

Week by week, you slowly add to your nest egg, trying to accrue enough to cover the down payment , closing costs , and any other expenses, not to mention making sure you have enough of a cushion that your home purchase won’t totally deplete your savings. All product names, logos, and brands are property of their respective owners.

Banks 105

Banks Debt-to-income ratio Loans FHA loan 105

HomeLight

JUNE 13, 2022

You need to save up money for a down payment and closing costs (which are calculated as a portion of your purchase price), but home prices just keep going up — so when you finally reach your goal, you realize that the goalposts have moved, and the hill is even taller than you thought. for an FHA loan.

Purchase and sale agreement 116

Purchase and sale agreement Loans Inspection Closing costs 116

HomeLight

JULY 25, 2022

These companies can help sellers cash out quickly and many will cover a seller’s closing costs. Be aware of minimum property standards for certain loans. When you place your home on the market, it’s hard to predict if your top offer will come from a cash buyer or a buyer pre-qualified for a home loan.

As-is 111

As-is Purchase and sale agreement Inspection Investor 111

HomeLight

FEBRUARY 8, 2023

They also assure homeowners that no repairs, cleaning, or clean-out are needed prior to closing — simply take what possessions you want and leave the rest, even old food in the fridge! Closing costs: Sellers pay no closing costs; Buying Jax Homes covers them. Individual investor fees may vary.

Purchase and sale agreement 101

Purchase and sale agreement Closing costs Closing Sales 101

Realtor.com

NOVEMBER 17, 2022

Getty Images While buying any home is an expensive endeavor these days, buying a brand-new home—where everything is in pristine condition—will understandably cost a bit more. builders help with closing costs or buying down the home loan interest rate) or premium upgrades (e.g.,

New Construction 126

New Construction Construction Development Renovation 126

Real Trends

JANUARY 4, 2023

First-time homebuyers cited the cost and the budgeting process as a surprise , as well as unexpected expenses like closing costs or taxes (38%), and the impact on monthly budgeting (32%). Also, many first-time buyers aren’t aware that sellers may be able to contribute to their closing costs through concessions.

Closing costs 87

Closing costs Inspection Title Agents 87

HomeLight

FEBRUARY 16, 2023

Once My Florida Home Buyers receive your information, they typically can make an all-cash offer within 24 hours and can close in seven days, or it can be tailored to your schedule. Closing costs: Sellers pay no closing costs; My Florida Home Buyers covers them. Individual investor fees may vary.

Purchase and sale agreement 98

Purchase and sale agreement Closing costs Closing Investor 98

HomeLight

JANUARY 19, 2023

Closing costs: Sellers pay no closing costs; Real Options & Investments covers them. Closing costs: No prep costs, no agent commissions, and no fees charged by HomeLight. However, their typical closing time is given as a few weeks. Individual investor fees may vary.

Purchase and sale agreement 97

Purchase and sale agreement Closing costs Closing Sales 97

HomeLight

JANUARY 6, 2023

Closing costs: Sellers pay no closing costs; Real Options & Investments covers them. Closing costs: No prep costs, no agent commissions, and no fees charged by HomeLight. Meridian Trust is a 14-year-old regional company that is part of the Property Force family of brands.

Purchase and sale agreement 97

Purchase and sale agreement Closing costs Closing Sales 97

Realty Biz

JULY 11, 2022

For instance, along with the down payment, an agent can help you understand how much money you’ll need for closing costs. As an example, you’ll probably pay for the appraisal as a closing cost. But even before closing, you’ll need to pay for a professional inspection out of your pocket. Understanding the paperwork.

Agents 84

Agents Inspection Seller disclosure Closing costs 84

HomeLight

OCTOBER 29, 2020

The better your credit score , the better deal you’ll get on your mortgage loan and the easier it’ll be to get approved. However, don’t forget that the bigger your down payment , the more you’ll save over the lifetime of your mortgage loan. Don’t forget about closing costs, maintenance, and emergency funds!

Loans 81

Loans Closing costs Mortgages Branding 81

Redfin

FEBRUARY 24, 2025

Unexpected expenses: Unforeseen challenges, such as discovering hidden underground utilities, can lead to additional costs. Financing and closing costs: If you’re financing the land purchase or construction, anticipate paying 2% to 5% of the loan amount in closing costs. is $419,200. through 2025.

Debt-to-income ratio 31

Debt-to-income ratio Construction Land Renovation 31