Housing Wire

NOVEMBER 13, 2023

Any person involved in selling a home knows that you cannot increase the price of your home randomly to cover the cost of commissions and other closing costs. The market sets the price of the home, and it cares little for closing costs — or what the homeowner invested in it — when determining the price for which it will sell.

Closing costs 375

Closing costs Equity Agents Technology 375

Housing Wire

JANUARY 17, 2024

For real estate professionals, this option presents an opportunity to capture more sales. The HECM for Purchase is not a refinancing tool; it is not akin to a Home Equity Line of Credit ( HELOC ). Yet staggeringly few are aware of its existence. What is reverse purchase financing?

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Finance Seller concession Loan Officer Loans 482

Housing Wire

JANUARY 10, 2023

In Q3 of 2022 and Q4 of 2021, sellers gave concessions in 30% of home sales. In Q4 of 2022, 22% of Redfin’s home sales included a concession and lower listing price, while 19% included both a concession and a listing-price cut while the home was on the market. Pandemic boomtowns see a rise in concessions.

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Seller concession Mortgages Loans Closing costs 482

Housing Wire

JULY 5, 2023

District Court for the Western District of Texas by a group of current and former staffers from the company’s bilingual mortgage sales team alleging race-based discrimination. Wells Fargo has been sued in U.S. This is according to original reporting by Bloomberg and court documents reviewed by HousingWire.

Mortgages 370

Mortgages Closing costs Lending Closing 370

Housing Wire

JANUARY 25, 2023

Among some of the benefits the initiative claims to offer are a minimum of $5,000 for down payment and closing cost assistance and up to an additional 1% of the sales price — or $3,000 — for a maximum of $8,000 in homebuyer assistance.

Equity 397

Equity Closing costs Loans Title 397

HomeLight

MARCH 24, 2025

In the midst of these financial straits, there may be a slightly better option: a short sale. But what is a short sale, and is it the right route for you? Weve broken out the most common questions about short sales to help you make a more informed decision about your next steps. What is a short sale? Find Agent 1.

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Short sale Sales Equity Mortgages 94

Housing Wire

SEPTEMBER 16, 2022

. “The Inflation Buster pairs perfectly with the Rate Drop Advantage program which covers many of the costs to refinance when interest rates fall,” Bob Walters, CEO of Rocket Mortgage, said in a prepared statement. billion during that same period and the gain-on-sale margin also fell to 2.92% from 3.01%. billion from $53.8

Mortgages 418

Mortgages Seller concession Fixed-rate mortgage Loans 418

Housing Wire

AUGUST 10, 2023

Mortgage , and/or Closing Cost Credit. For eligible borrowers at or below 80% AMI, the mortgage program allows a 3% down payment on a fixed-rate mortgage and the closing cost credit program provides up to $5,000 to use toward closing costs. Wells Fargo’s mortgage originations reached $7.8

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Fixed-rate mortgage Closing costs Lending Banks 370

HomeLight

APRIL 10, 2025

Timing the sale and purchase just right especially in a competitive market like Phoenix often adds extra pressure. Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency.

Equity 52

Equity Loans Home sale contingency Debt-to-income ratio 52

Housing Wire

JULY 19, 2021

Once this path is determined, the servicer should be involved in assisting homeowners through the plan to exit forbearance, which may include the sale of their home. Once a homeowner decides to sell, it’s up to the servicer to ensure they fully understand each step of the home selling process. .

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MLS Equity Closing costs Sales 448

Housing Wire

FEBRUARY 15, 2024

They made good money, but with student loans and car payments, they didn’t have the money for the down payment and closing costs,” Saller said. Every call I get, if they are first-time homebuyers, they ask, ‘Where can I get money for a down payment or closing costs?’” It’s really about access to credit.

FHA loan 476

FHA loan Loans Closing costs Loan Officer 476

Housing Wire

JULY 2, 2024

Home Equity Conversion Mortgage (HECM) endorsements fell by 14.4% Equity takeout” loans — reverse mortgages that are neither purchases nor refinances — dropped by 4.8% Purchase is one we’re watching closely with the recently implemented tweak to closing costs that we expect to open that door more fully.

Mortgages 434

Mortgages Equity Loans Loan Officer 434

HomeLight

APRIL 9, 2025

Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency. Lenders want to be confident that you can handle payments on both homes if your sale doesnt happen immediately.

Equity 52

Equity Loans Debt-to-income ratio Home sale contingency 52

HomeLight

APRIL 18, 2025

You might be curious if theres a way to access your homes equity for a down payment before it sells or if your only option is to move out and crash somewhere temporary while you house hunt. Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home.

Equity 52

Equity Loans Debt-to-income ratio Home sale contingency 52

Housing Wire

MARCH 2, 2021

It combines the proven services and expertise of Premium Title and Springhouse Valuations to provide a full suite of customizable products focused on the home equity lines of credit (HELOC) market. Now, more than ever, the mortgage and real estate industries require efficient, cost-effective and reliable due diligence solutions.

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Title Lending Due diligence Title search 383

Keeping Current Matters

OCTOBER 21, 2020

During the housing crash twelve years ago, many homeowners owned a house that was worth less than the mortgage they had on that home (called negative equity or being underwater ). Today, the vast majority of homeowners have significant equity in their homes. Most homeowners have substantial equity in their homes.

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Equity Banks Closing costs Loans 296

HomeLight

APRIL 10, 2025

Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency. In addition to reviewing your monthly income, lenders will also look at how much equity you have in your current home.

Equity 52

Equity Loans Debt-to-income ratio Home sale contingency 52

Housing Wire

NOVEMBER 2, 2022

In the past year, there was roughly $12 billion in sales of manufactured homes. The home itself is a depreciating asset, however, which makes it difficult for manufactured homeowners to build equity or intergenerational wealth. . How lenders can leverage credit to help make homeownership more affordable.

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Loans Mortgages Land Finance 418

Housing Wire

MARCH 28, 2022

These companies are advancing the market and closing fragmentation gaps by using technology to digitize and simplify multiple aspects of the real estate value chain to create a better customer experience. For this strategy to work, iBuyers need to know all the elements of a sale beforehand to price out the purchase.

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Marketing Title Technology Closing costs 397

Housing Wire

FEBRUARY 14, 2024

As a result, homeowners either must sell their current home and suffer through double moves and short-term rentals to access the equity they’ve accrued, or they have to make contingent offers that require the sale of their current house to close. HW: How has the proptech space evolved in the last 5-10 years?

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Backup offer Loan Officer Home sale contingency Branding 448

Housing Wire

DECEMBER 26, 2022

As a result, many title firms have found revenue coming from different sources, including stronger than expected commercial revenue and other mortgage products such as home equity lines of credit (HELOCs). One of the goals they outlined in those plans is a push to reduce closing costs, especially for low-income borrowers.

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Title Industrial Closing costs Closing 505

Housing Wire

AUGUST 21, 2023

The fastest-growing housing tech firm in 2023 was OptiFunder , which claims to produce the mortgage industry’s only optimization software built to systematically decision warehouse funding allocations and automate the complicated process of funding through loan sale. Based in Missouri, OptiFunder had a three-year growth rate of 4,767%.

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Equity Technology Investor Residential 370

Housing Wire

MAY 8, 2023

By comparison, renovated foreclosures that sold in 2019 had an average sales price of $244,000 — $133,000 (35%) lower than the average price of new homes. I pay the closing costs for veterans, first responders and educators to help expand homeownership among these groups,” said George Russell, a Texas-based Auction.com buyer.

Renovation 435

Renovation Equity Mortgages Development 435

Housing Wire

MAY 25, 2023

Older Americans are sitting on more than $12 trillion in home equity, according to the National Reverse Mortgage Lenders Association (NRMLA)/ Riskspan Reverse Mortgage Market Index. These homeowners are seeking different retirement solutions to help allocate their home equity and make it more durable over the next 20 to 30 years.

Loan Officer 418

Loan Officer Equity Finance Loans 418

HomeLight

OCTOBER 28, 2024

A quick turnover can signal strong demand, potentially leading to a faster sale at a favorable price. You can check real estate websites or consult with a local agent to get an idea of average days on market and recent sale prices. The software will automatically load listings marked as “Closed” and indicate the selling price.

Pre-approval 110

Pre-approval Debt-to-income ratio Equity Loans 110

Housing Wire

APRIL 26, 2023

Bridge loans are popular among his clients since they allow homeowners to tap into their equity when buying a home, as well as a professional mortgage where buyers in a specific industry can make a 10% down payment without mortgage insurance, Parkinson explained. Niche loans consist of about 5% of Parkinson’s business.

Loan Officer 418

Loan Officer Mortgages Loans Closing costs 418

Housing Wire

MARCH 20, 2024

Those too young to remember the wild west of real estate believe that real estate commissions have always been evenly split between seller’s and buyer’s agents, with each receiving a portion of the sale price. A drop in demand not only slows the market but can erode home equity, leaving homeowners with diminished assets.

Debt-to-income ratio 497

Debt-to-income ratio Agents Equity Closing costs 497

HomeLight

APRIL 14, 2023

But even though the monthly mortgage payments fit into your budget, you’re concerned about coming up with enough cash for a myriad of closing costs in addition to the down payment. Find a Buyer's Agent What are closing costs? Some of these costs, such as property taxes and insurance, apply to homeownership in general.

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Closing costs Closing Purchase and sale agreement Title 105

HomeLight

APRIL 14, 2023

Editor’s note: This post will help answer the question: How much are closing costs in Michigan? The example costs provided are based on median home prices and typical fees. Your closing costs may differ depending on your circumstances and the terms of your home purchase.

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Closing costs Closing FHA loan Inspection 102

Housing Wire

NOVEMBER 21, 2022

Throughout this volatility, one constant has remained: the chronic and seemingly intractable deficit in single-family, 1–4-unit, entry-level homes for sale. This deficit greatly exacerbates the challenge of bringing equity to homeownership, particularly for low-to-moderate income (LMI) home buyers who are disproportionately people of color.

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Finance Design Equity Construction 397

HomeLight

APRIL 20, 2023

Editor’s note: This post will help answer the question: How much are closing costs in Pennsylvania (PA)? The example costs provided are based on median home prices and typical fees. Your closing costs may differ depending on your circumstances and the terms of your home purchase. What are closing costs?

Closing costs 104

Closing costs Closing Inspection Loans 104

Housing Wire

AUGUST 23, 2024

In markets where inventory is tight, the way my agents are approaching it — and the way I’m advising them — is basically to use commission as a negotiation point in the sale. They have the money for the down payment, but they don’t have a lot of extra money for extra closing costs, aka commission, right now.

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FHA loan Agents Brokerage Staging 433

Redfin

JANUARY 10, 2025

Arguably, the most important variables to consider before you make the decision to sell are home equity, transaction costs, and local market conditions. Home equity Home equity is a term that measures the value of a home to its owner after all debts and liabilities (like a mortgage ) have been paid.

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Seller concession Equity Closing costs Renovation 59

HomeLight

NOVEMBER 21, 2023

Navigating the real estate market in Pennsylvania, especially when you’re trying to coordinate the sale of your current home with the purchase of a new one, can be a challenging balancing act. You can then make a strong offer on your next home with no home sale contingency. Think of a bridge loan as a temporary financial pathway.

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

HomeLight

DECEMBER 13, 2023

This allows you to utilize the equity from your existing property and streamline the transition into your new home without needing temporary housing. You can then make a strong offer on your next home with no home sale contingency. What is a bridge loan, in simple words? What is a bridge loan, in simple words?

Equity 119

Equity Loans Debt-to-income ratio Home sale contingency 119

HomeLight

NOVEMBER 30, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency.

Equity 115

Equity Loans Debt-to-income ratio Home sale contingency 115

HomeLight

DECEMBER 13, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can then make a strong offer on your next home with no home sale contingency. When is a bridge loan a good solution?

Equity 116

Equity Loans Debt-to-income ratio Home sale contingency 116