Housing Wire

JULY 16, 2021

Seventy million dollars in seed funding is a colossal investment for an unproven tech startup, even one that promises to fully disrupt a relatively low-margin, traditional industry like mortgage lending. But this is no ordinary mortgage startup. For starters, it does not originate mortgage refinancings.

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Lending Pre-approval Mortgages Closing 476

Housing Wire

AUGUST 7, 2020

In today’s low-rate environment, wholesale mortgage lending continues to grow, making up more than 20% market share. Three independent wholesale brokers discuss how they found success in the wholesale channel during a HousingWire webinar on Thursday titled: ”Taking the Mortgage Boom to the Next Level.”.

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Mortgages Loan Officer Lending Pre-approval 370

Housing Wire

JULY 4, 2024

This article explores these issues and underscores the role of real estate and mortgage professionals in guiding clients through these turbulent times. The role of real estate and mortgage professionals In times like these, the role of real estate agents , brokerage owners and lenders becomes even more critical.

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Pre-qualification Pre-approval Seller concession Finance 476

Housing Wire

JUNE 16, 2022

The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. The sharp decline in mortgage rates during the COVID-19 pandemic fueled the U.S.

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Marketing Fixed-rate mortgage Loan Officer Pre-approval 448

Housing Wire

JUNE 24, 2021

After years of aggregating behavioral data from homebuyers and homesellers at the largest real estate brokerages in the country, Buyside is proud to announce the launch of their expansion into core & ancillary services by focusing on the homeowner.

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Pre-approval Equity Loan Officer Brokerage 402

Housing Wire

JANUARY 14, 2021

A $12 million funding round will enable digital mortgage marketplace company Own Up to expand nationally, company officials said Wednesday. Own Up, which loosely resembles a mortgage brokerage, will expand to 15 new states in 2021, including California.

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Pre-approval Loans Technology Branding 348

Housing Wire

MAY 10, 2023

You may have heard the good news: In recent weeks, several mortgage and real estate brokerage execs have exclaimed that we may have already reached the bottom of the market. For prospective home buyers and sellers, that could mean a gradual decline in mortgage rates , which would unlock inventory and—dare I say—sales activity.

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Loan Officer Pre-approval Marketing New Construction 397

HomeLight

OCTOBER 27, 2020

When you’re getting ready to start looking for homes, you’re probably dreaming about more space, a big backyard, or a garage, rather than low mortgage interest rates. Do you know the difference between pre approval vs pre qualified when it comes to mortgage loans? Retirement or brokerage account statements.

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Pre-approval Loans Due diligence Bankruptcy 105

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? To me, it’s that important.”

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Mortgage pre-approval letter Pre-approval Pre-qualification Mortgages 98

Housing Wire

APRIL 22, 2024

My name is (your name), and I’m a licensed real estate professional with (your brokerage). For letters, use the template below: Dear (first name), I’m (your name), a real estate professional with (brokerage). Dear (first name), I’m (your name), a local real estate professional with (brokerage). Great news!

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Brokerage Investor Agents Sales 460

Housing Wire

AUGUST 29, 2022

In 2021, United Wholesale Mortgage (UWM) CEO Mat Ishbia set a three-year goal to make UWM the No. Ishbia, who started running his father’s mortgage firm in 2013 and has since grown it into the country’s No. 2 lender, isn’t satisfied with second place, behind Rocket Mortgage. “I 1 lender in the country.

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Loan Officer Loans Equity Mortgages 435

Housing Wire

DECEMBER 7, 2023

After completing an approved course of study, you’ll be able to sit the state real estate exam. Colibri Real Estate is a state-approved real estate education provider with over 132 instructors experienced in Massachusetts real estate sales and teaching best practices.

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HR Pre-approval Brokerage Commercial 433

BAM Media

MARCH 10, 2025

billion all-stock deal, aiming to merge home search and mortgage services into a seamless digital experience. The deal, expected to close in Q2 or Q3 2025, will integrate Redfins 50 million monthly visitors with Rockets mortgage and title services to streamline homebuying. BAM Key Details: Rocket Companies is acquiring Redfin in a $1.75

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Housing Wire

JANUARY 29, 2024

You’ll need to complete a 120-hour approved course and sit the state licensing exam to become a real estate agent in Utah. Final Exam: In order to fulfill your approved 120 hours of Utah real estate exam prelicensing education, you must take and pass the course final exam. Ready to launch your real estate career in Utah?

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Pre-approval Agents As-is Industrial 444

RIS Media

AUGUST 19, 2021

That has been a constant for real estate professional Sheresa DaCosta throughout her two-year partnership with Rocket Mortgage. While she’s been a longstanding partner with the company as an agent, DaCosta recently enlisted Rocket Mortgage to help her close on a home as a homebuyer herself.

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Pre-approval Mortgages Loan Officer Marketing 98

HomeLight

AUGUST 16, 2021

The mortgage loan process is pretty messy! Follow the list, and you’ll save yourself a lot of headaches and make the mortgage loan process a lot smoother. Businesses have expenses, which eat into how much you take home and have available to spend on a mortgage. Source: (Mangostar / ShutterStock). Loan application.

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Loans Mortgages Bankruptcy Purchase and sale agreement 105

HomeLight

NOVEMBER 16, 2021

Less-than-stellar credit history can create an obstacle to getting a mortgage , making the whole process even more daunting. Through the Home Partners program, prospective rent-to-own homebuyers start by filling out a pre-qualification application. If approved, they move to submit a full application. Home Partners.

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Purchase and sale agreement Pre-approval Debt-to-income ratio Pre-qualification 104

Toronto Realty Blog

NOVEMBER 4, 2024

Sure, there will be more demand in the spring of 2025 when interest rates are even lower, and you’ve heard me question why people are waiting until next year, when they can purchase today, close on a variable rate mortgage, and experience lower payments in a few short months. Regardless, we have demand in this market.

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Sales Purchase and sale agreement Agents Pre-approval 106

Realty Biz

MARCH 14, 2021

Most recently, the company announced that it would further back its pre-approved customers by making an all cash offer on the home they’re interested in, so they can bid for it free of any financing, appraisal or home sale contingencies.

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Redfin

AUGUST 13, 2020

Clearing your way to get approved for a home loan will ensure that you are ready to act when that dream home appears on the housing market. Most mortgage lenders advise starting the pre-approval process for a home loan 6 to 8 months ahead of when you expect to begin looking for a house. . Step 1: Know your credit score.

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Pre-approval Loans Pre-qualification Banks 71

HomeLight

OCTOBER 4, 2021

The typical home buying process goes something like this: You save up your cash , get preapproved for a mortgage , and put an offer on a house that fits your budget. Find a brokerage with a rent-to-own program. Find a brokerage with a rent-to-own program. Updated October 4, 2021. Table of Contents. What is a rent-to-own home?

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Purchase and sale agreement Pre-approval Agents Brokerage 141

The Close

FEBRUARY 14, 2024

No more constant showings and feedback, ongoing HOA dues, or the worry of repairs (not to mention balancing a mortgage payment). Navigating the Selling Process Myth #8: Getting Pre-approved Should Happen After Finding Your Perfect Home House hunting can be exhausting. Then interest starts to taper off. “And you know what?

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HomeLight

SEPTEMBER 20, 2022

More recently, however, the hot market of 2021-2022 saw homeowners with mortgages increase the equity in their homes by 27.8% Real Estate Agent at Coldwell Banker Residential Brokerage. That’s because even if the homeowner has approved the offer, “the lender can come back six months later and say, ‘No, we will not accept this price.’

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Short sale Sales Pre-approval Equity 98

Realty Biz

AUGUST 19, 2022

Find a Real Estate Pre-licensing Course. Real estate agents work under brokerages to rent, sell, and buy houses or other properties. In some states, agents get pre-licensing training courses at a state-approved school. To get a real estate broker license, they must take pre-licensing courses.

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Pre-approval Brokerage Agents Principal 77

Real Trends

JUNE 8, 2023

New York-based digital mortgage lender and real estate company Better.com has decided to partner with outside agents as referral partners, resulting in the mass layoff of agents at subsidiary Better Real Estate LLC , a person familiar with the decision told HousingWire. mortgage originators in the first quarter of 2023.

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Agents Pre-approval Equity Mortgages 90

HomeLight

MAY 10, 2022

In a nutshell, Redfin is a real estate brokerage as well as an iBuyer (instant home buyer) that purchases homes directly from sellers in select states. Brokerage status? Has brokerage licenses but does not hire agents. Operates as a technology-driven brokerage. Redfin Estimate. Hosts for-sale listings? on its site.

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Brokerage Agents Pre-approval Sales 115

Redfin

AUGUST 21, 2020

During your search, you may also find houses for sale by the owner (FSBO) or many more listed with a real estate brokerage. First, you’ll need a lender’s pre-approval for a mortgage to know the price range you can afford on a house. a copy of your pre-approval letter from your lender .

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Pre-approval Purchase and sale agreement Inspection Title 78

The Close

NOVEMBER 12, 2024

After you’ve purchased your land (aside from any mortgage payments), the main ongoing cost is just the annual property taxes. Real estate agents: Real estate brokerages and their agents have access to the most significant number of properties for sale, including raw land.

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Land Investor Finance Development 98

Afford Anything

AUGUST 4, 2020

Natasha has $3,300 per month to either invest or use toward an early mortgage payoff. An anonymous caller and military member, “Molly,” wants to know if she should move money from a USAA brokerage to Vanguard to pay less in fees. We’re debt-free aside from our mortgage. Which option should she choose? 12 percent.

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Mortgages Pre-approval Brokerage Banks 60

HomeLight

MARCH 30, 2021

Many brokerages provide lists of short sales for interested buyers, so ask your agent to provide it. If not, some language in the listing might provide clues that they are in fact short sales, such as “subject to bank approval,” “notice of default,” or “headed for auction.”. Know where to find them. Be ready to deal with a third party.

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Short sale Sales Pre-approval Closing costs 80

HomeLight

AUGUST 16, 2021

First-time homebuyer loans can help make it easier on first-time homebuyers , offering access to special mortgage programs with low down payments. Note that for government-backed first-time home-buyer loans such as FHA or USDA, it’s not just the buyer that must qualify, but the home, too — so check the requirements for your specific mortgage.

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Redfin

APRIL 7, 2023

Get pre-approved for a mortgage Before you start looking at Dallas homes for sale , the most important thing you can do as a first-time buyer is to get pre-approved with a local lender. One doesn’t necessarily have to use that specific mortgage lender for the purchase, but you must determine what you can afford.

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Pre-approval Agents Pre-qualification Mortgages 63

Redfin

MARCH 28, 2023

If prices or mortgage rates dip significantly, all those sidelined buyers will likely come rushing back to the market, driving up competition on offers and prices. Marry the house, not the mortgage. Mortgages can be refinanced for qualified individuals. Certain features of condos can lead to trouble with mortgage financing.

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Pre-approval FHA loan Loans Agents 59

Easy Agent Pro

OCTOBER 31, 2022

You just need to take the pre-written posts and edit them with your own unique touch and tone of voice before you post them to your site. If you are looking for a great reference piece for your buyer guides, Shanne Sleder from San Diego Mortgage News wrote a post called 50 Home Buying Tips. The Myth Behind Local Mortgage Rates.

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Pre-approval Agents Mortgages Staging 111

RIS Media

OCTOBER 7, 2021

Maria Patterson: William Raveis Real Estate, Mortgage & Insurance is the No. While every industry has its excitement in some way, shape or form, there’s nothing I’d rather do than work with my Dad and brother and continue to drive our goals of a family-owned real estate, mortgage and insurance powerhouse.

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Branding Equity Agents Pre-approval 105

Real Trends

JULY 14, 2022

million , more in line with the pre-pandemic numbers of 2018 and 2019. Rising mortgage rates are reducing competition and impacting buyers’ budgets. While higher mortgages tend to reduce home costs, prices are still rising, and the majority of properties were sold within a month of being listed. Brokerage communication.

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Agents Sales Pre-approval Brokerage 52

Toronto Realty Blog

DECEMBER 19, 2023

So without further adieu, here are the “Top Five Real Estate Stories Of 2023” as I see them: #5: Condos, Development, & Pre-Construction This “theme” or story has far-reaching implications; at least more so than what you might conclude simply from the title. Pre-Construction. Development.

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