Remove homeowner
article thumbnail

Buyer agency: a crucial historical shift in real estate

Housing Wire

While lower home prices might appear advantageous to buyers who navigate the market without professional guidance, they pose a considerable risk to current homeowners. A drop in demand not only slows the market but can erode home equity, leaving homeowners with diminished assets. For these buyers, every dollar matters.

article thumbnail

The Ultimate Mortgage Loan Documents Checklist For First-Time Homebuyers

HomeLight

Brokerage account statements. Lenders will often want to see the past two months of statements from any brokerage accounts you have that are being used to support your asset requirements as part of your mortgage loan. Debts and expenses. Proof of homeowners insurance. Credit report. Documents you will need to close.

Loans 105
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A Homebuyer’s Ultimate Guide to Rent-to-Own Homes: Everything You Need to Know in 2022

HomeLight

You’re trying to pay off debt. Lenders are going to want to see a debt-to-income ratio (DTI) that shows you will be able to afford the mortgage loan payments on your house. What are the most common maintenance issues that homeowners deal with in this area? What is your debt load? You can lower your debt.

article thumbnail

Can’t Make an All-Cash Offer on a Home? These Companies Will Help You—at a Price

Realtor.com

Instead, he turned to Flyhomes, a brokerage and lending company that fronted him the money to make an all-cash offer on a four-bedroom contemporary house in the Sacramento suburb of Woodland, using Flyhomes’ Buy Before You Sell program. It felt like way too much hassle—and expense—for the 51-year-old accountant and his wife.

article thumbnail

Buying a House in San Diego? Local Real Estate Agents Share 15 Tips First-Time Buyers Need to Know

Redfin

. – John Copeland | Redfin Premier Agent If you’re buying a house in San Diego, you’ll need to factor in additional costs like property taxes, home insurance, and potential homeowner association fees when calculating your budget. – John Varon | Redfin Partner Agent, Avaron Realty 3.

article thumbnail

ANNUAL AANHPI REAL ESTATE REPORT SHOWS DISPARITY IN HOMEOWNERSHIP NATIONWIDE

Realty Biz

Its 44 chapters and 18,000 members utilize the report to influence local and national policy and positively impact the lives of AANHPI prospective and current homeowners. It is also encouraging the brokerage community to recruit AANHPI agents and provide them with the skills to reach their sphere of influence.

article thumbnail

What Does Restarting Student Loan Payments Mean for Your Buyers?

RIS Media

However, real estate experts and industry pundits agree that adding another bill to the plate of buyers and homeowners could pose another challenge in the market, as the affordability gap widens. “While the payments have been in abeyance, have people been saving that money,” La Rue wonders. “Probably not.

Loans 98