Remove Closing costs Remove Design Remove Pre-approval
article thumbnail

LenderLogix launches POS system for small- to mid-sized lenders

Housing Wire

Patrick O’Brien, the founder and CEO of LenderLogix , said the product was designed in response to the need for a more efficient and cost-effective method of managing the loan application process. QuickQual is an adjustable pre-approval letter that gives payment and closing cost scenarios and the option to update agent letters.

article thumbnail

How to Beat a Contingent Offer on the House You Want

HomeLight

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.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How to Make a Strong Offer Without an Agent in 7 Steps

Redfin

Step 1: Get pre-approved If you’re buying with a loan, include a pre-approval letter with your offer. A mortgage pre-approval can also reassure the letter that your financing is likely to be approved during closing. Do some homework up front.

article thumbnail

7 Things Sellers Need to Know About FHA Loans When Fielding Offers

HomeLight

As a seller, you’re usually not taking on additional risk by accepting an offer from a buyer pre-approved for an FHA loan than you would with a buyer pre-approved for a conventional loan. An official FHA loan appraiser must conduct the appraisal, following HUD’s designated guidelines. of all mortgage originations.

FHA loan 111
article thumbnail

Homeownership Expenses That Your Clients May Overlook

RIS Media

They’ve probably considered a down payment, mortgage payments, closing costs, taxes and insurance. Your buyers even may have obtained pre-approval from a lender. Helping your clients consider basic home maintenance costs can help them with more than budgeting.

article thumbnail

How to Choose a Mortgage Lender: 10 Steps For Success

Redfin

Prepare thoroughly : Improve your credit score, set a budget, and get pre-approved to streamline the home-buying process and secure a favorable mortgage. While lenders will pre-qualify you for a certain amount, it’s essential to ensure this fits within your overall financial picture. Did you know?

article thumbnail

Types of Home Loans: How to Choose the Right Mortgage for You

Redfin

These loans are designed for higher-value properties and come with stricter requirements, including strong credit, larger cash reserves, and higher down payments. Additionally, VA loans have limited closing costs and no prepayment penalties. Department of Agriculture and are designed to promote homeownership in rural areas.

Loans 74