Housing Wire

JANUARY 27, 2025

In a statement provided to HousingWire , the Community Home Lenders of America (CHLA) lauded the results of the report as evidence of a positive difference in the financial affairs of homeowners.

Loans 351

Loans Closing costs Mortgages Closing 351

Housing Wire

MARCH 28, 2023

Rocket Companies has rolled out its first credit card in order to attract potential homebuyers and existing homeowners into its ecosystem amid one of the most challenging mortgage markets in decades. In turn, homebuyers can use points to get discounts on their closing costs in the future.

Closing costs 435

Closing costs Finance Principal Mortgages 435

Housing Wire

FEBRUARY 23, 2023

When people think about the title insurance industry , what comes to mind is often its core products – title insurance policies that protect property rights of homeowners and lenders. These NTRAPS create impediments and increase the costs and complexity of financing or transferring real estate.

Title 476

Title Industrial Purchase and sale agreement Title search 476

Housing Wire

JUNE 9, 2022

Renovation financing startup RenoFi now offers a fixed-rate home renovation loan, which allows homeowners to borrow as much as 90% of their home’s after-renovation value — a move to target homeowners who don’t qualify for a home equity line of credit (HELOCs).

FHA loan 361

FHA loan Renovation Equity Loans 361

HomeLight

OCTOBER 24, 2024

Ohio homeowners with a house on the market might get a slight surprise before they sign the final paperwork. Typically, a seller can expect to pay between 3% and 6% of a home’s sale price as commission, plus another 2% to 4% for closing costs , including taxes, settlement fees, and title fees.

Closing costs 102

Closing costs Closing Title Sales 102

Housing Wire

NOVEMBER 27, 2024

Saving for the down payment and closing costs takes time, sacrifice and determination. They are now a homeowner. And for many Americans, becoming a homeowner means they are creating wealth through equity, which in turn creates generational wealth and confers all the benefits we in this industry understand so well.

Equity 397

Equity Mortgages Industrial Closing costs 397

Housing Wire

FEBRUARY 13, 2025

Since the loan proceeds are not income, they are not subject to income taxes despite the requirement that borrowers remain current on their property taxes, homeowners insurance and (if applicable) homeowners association (HOA) fees.

Mortgages 313

Mortgages Equity Loans Closing costs 313

Housing Wire

JANUARY 9, 2025

There are closing costs and other fees, and you’ll still be responsible for maintaining the property and paying the property taxes and homeowners insurance, the column noted. The minimum age requirement of 62, a core tenet of the HECM program, was also mentioned.

FHA loan 362

FHA loan Mortgages Equity Closing costs 362

Housing Wire

JUNE 13, 2022

In Q1 2022, there were 2,238 active homebuyer assistance programs nationwide — a figure that includes down payment and closing cost programs, Mortgage Credit Certificates and affordable first mortgages — with at least one program available in each of 3,143 U.S. The post Opinion: Are lenders dropping the ball on homeowner assistance?

Finance 370

Finance Loans Closing Closing costs 370

Housing Wire

DECEMBER 7, 2024

The second view has had large amounts of cold water thrown on it in the past few years as older homeowners say they dont want to sell. The first view is less of a theory and more of an inevitability based on demographic trends. As for the population-based concept of the silver tsunami, it appears to be alive and thriving.

Closing costs 369

Closing costs Land Construction Marketing 369

Keeping Current Matters

OCTOBER 21, 2020

Some originally forecasted that up to 30% of homeowners would choose to enter forbearance. Christopher Maloney of Bloomberg Wealth recently explained : “Almost one quarter of all homeowners who have demanded forbearance are still current on their mortgages…according to the latest MBA data.”. Here is why this time is different.

Equity 294

Equity Banks Closing costs Loans 294

Redfin

FEBRUARY 18, 2025

Can you roll closing costs into your mortgage? Basically, folding your closing costs into your loan means you’ll need less cash upfront at closing. Your lender can explain their specific policies, the rules around this practice, and which costs are eligible to be rolled into the mortgage.

Closing costs 52

Closing costs Closing VA loan Seller concession 52

Redfin

FEBRUARY 20, 2025

Closing costs arent just a buyers responsibility – sellers have their own expenses to consider as well. On average, sellers can expect to pay between 6% to 10% of the sale price in closing costs , including agent commissions, transfer taxes, and title fees. What are closing costs for sellers?

Closing costs 56

Closing costs Closing Seller concession Title 56

Housing Wire

FEBRUARY 5, 2024

Freddie Mac will offer a $2,500 credit for very low-income purchase borrowers to help with down payment and closing costs amid elevated interest rates and low housing supply. The credit can be used for down payments, closing costs, escrow and mortgage insurance premiums.

Mortgages 526

Mortgages Closing costs Finance Loans 526

Housing Wire

JUNE 10, 2021

According to Zillow and Thumbtack’s Hidden Costs of Selling Analysis , the average homeowner spends over $15,000 in “hidden costs” to sell their home. . While a real estate agent’s commission is one of the most expensive costs, it definitely isn’t the only one. Sellers also have to pay closing costs.

Seller concession 546

Seller concession Staging Closing costs Inspection 546

Housing Wire

MARCH 7, 2024

In the address, the president will call for a $10,000 tax credit for both first-time homebuyers and people who sell their starter homes; the construction and renovation of more than 2 million additional homes; and cost reductions for renters. It is also wary of some of the proposals.

Construction 535

Construction Closing costs Renovation Title 535

Housing Wire

APRIL 26, 2024

FHA will move forward with its proposal that permits contributions by the property seller, real estate agent, builder, or developer to HECM for Purchase borrowers’ closing costs,” the update said. Historically, mortgage lenders and originators have been prohibited from contributing to closing costs to protect borrowers.”

Closing costs 487

Closing costs Development Equity Closing 487

Housing Wire

JANUARY 29, 2021

As interest rates dropped, homeowners took advantage and refinanced their mortgages at lower rates. million homeowners are in forbearance plans. Besides a down payment, you’ll have to pay closing costs, property taxes, insurance, etc. The costs add up quickly.

Closing costs 482

Closing costs Mortgages Closing Marketing 482

Housing Wire

SEPTEMBER 8, 2022

Bank of America recently announced a loan for lower-income households that doesn’t require homebuyers to come up with a downpayment or closing costs, and doesn’t base the loan on a minimum FICO score. So, not only do we have 40% plus of homes with no mortgage, the nested equity homeowners have now is almost unfair.

Loans 544

Loans Banks Equity Bankruptcy 544

Housing Wire

AUGUST 5, 2022

Homeowners today are sitting on record levels of equity in their homes and given the pace with which prices have increased in recent years, even borrowers that have recently purchased or refinanced a home likely have sufficient, tappable equity to make a HELOC a viable borrowing option. Record levels of home equity.

Equity 444

Equity Lending Closing costs Mortgages 444

Housing Wire

AUGUST 5, 2020

According to UWM, a homeowner or buyer must have a FICO score of at least 640. If people are willing to buy or refinance at a higher rate, they can get a rebate toward closing costs,” he said. But if you want a lower rate, instead of getting that credit, 1.875% would cost an extra $6,940 in points.

Mortgages 528

Mortgages Loan Officer Lending Loans 528

Housing Wire

APRIL 18, 2024

These include oversight of the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac , mortgage purchases designed to improve affordability for low-income homeowners, vendor partnerships and investments in the Low-Income Housing Tax Credit (LIHTC) program.

Closing costs 431

Closing costs Loans Design Finance 431

Housing Wire

APRIL 12, 2024

Between 2018 and 2023, homeowners insurance rates in Louisiana jumped 24.9%, according to an analysis by S&P Global. I’ve seen buyers ask for and get between $8,000 and $10,000 in closing costs covered. With transaction volume slowing, agents are doing everything they can to make sure the deals they have close successfully.

Debt-to-income ratio 458

Debt-to-income ratio Marketing Closing costs Agents 458

Housing Wire

JULY 19, 2021

HousingWire: As borrowers come out of forbearance , what role do servicers play and what can they do to ensure homeowners understand their options including selling their home via auction? Once a homeowner decides to sell, it’s up to the servicer to ensure they fully understand each step of the home selling process. .

MLS 447

MLS Equity Closing costs Sales 447

HomeLight

JULY 11, 2024

Disclaimer: This article provides estimates of a seller’s closing costs that are meant for educational and research purposes only; our calculations are not a guarantee. Before planning your next steps, you’ll want to factor in your closing costs to determine how much money you’ll actually pocket when the sale is completed.

Closing costs 110

Closing costs Closing Title search Title 110

HomeLight

JANUARY 31, 2025

When youre preparing to sell or buy a home, the phrase closing costs will be spoken (and written) on both sides of the transaction table. But what are closing costs? Understanding these costs upfront can help you budget properly and avoid surprises. Get Started What are closing costs?

Closing costs 104

Closing costs Closing Title Seller concession 104

HomeLight

AUGUST 13, 2024

When selling your home in Indiana, it’s important to understand the various expenses involved, including closing costs. In Indiana, closing costs typically include both state-specific fees and standard expenses that sellers encounter. What are closing costs? No showings, no repairs, no open houses.

Closing costs 111

Closing costs Closing Principal Loans 111

Housing Wire

OCTOBER 22, 2024

The tool also does modeling of potential savings for homeowners by analyzing various interest rates , closing costs and repayment options. “With Recapture, mortgage professionals can drive more business growth, maximizing opportunities within their closed loan pipeline.” ”

Loan Officer 434

Loan Officer Loans Technology Closing costs 434

Housing Wire

MARCH 20, 2024

The upfront lump sum can be applied toward a down payment, closing costs or other expenses related to the homebuying process. Ally Home , the residential mortgage lending arm of Ally Bank , is offering a $5,000 grant for eligible homebuyers in the select markets of Charlotte, Detroit and Philadelphia, the company announced on Tuesday.

Banks 447

Banks Closing costs Lending Equity 447

HomeLight

AUGUST 12, 2024

If you’re selling your home in Utah, you’re likely curious about the costs involved in closing the deal. Closing costs are the various fees and expenses associated with the finalization of a real estate transaction. What are closing costs? Available to sellers throughout Utah.

Closing costs 111

Closing costs Closing Principal Loans 111

Housing Wire

DECEMBER 14, 2023

The research found that title and settlement fees are neither regressive nor represent a significant component of the overall closing costs. Given the typical borrower is paying more than $7,000 in closing costs, that might be an understatement. In fact, neither is true. increase in fees).

Title 459

Title Closing costs Loans Title search 459

Housing Wire

MAY 20, 2024

This may lead an older homeowner to consider a product like a reverse mortgage, but potential borrowers should be aware of the product’s details and the informational resources they can access. Royster said that for a senior homeowner seeking access to additional cash, there is no one right solution for all.

Mortgages 439

Mortgages Equity Loans Closing costs 439

HomeLight

AUGUST 7, 2024

If you’re selling your home in New Hampshire, understanding closing costs is essential. Closing costs refer to the fees and expenses of finalizing a property sale. These costs include anything from loan payoff amounts and property taxes to real estate agent commissions and HOA fees. What are closing costs?

Closing costs 110

Closing costs Closing Principal Loans 110

HomeLight

AUGUST 21, 2024

One key detail to plan for is closing costs—those fees and expenses that arise when finalizing the sale of your property. In this guide, we’ll explain how closing costs work in San Diego and what specific fees sellers should anticipate. What are closing costs? Selling your home in San Diego?

Closing costs 111

Closing costs Closing Loans Title 111

HomeLight

AUGUST 21, 2024

Curious about closing costs in Oklahoma? When you sell your home , there are expenses—known as closing costs—that come into play before the sale is completed. These costs typically cover things like loan payoffs, property taxes, and other essential fees. What are closing costs?

Closing costs 105

Closing costs Closing Principal Loans 105

Housing Wire

JANUARY 18, 2021

An agent can keep you calm and informed, so you’re never in the dark when it comes to closing costs. Most homeowners don’t know the ends and outs of the mortgage industry. As a first-time homeowner, it’s a good idea to work with a real estate agent you have a connection with. Find a real estate agent who: 1.

Agents 545

Agents Closing costs Closing Mortgages 545

Housing Wire

APRIL 26, 2023

With few homeowners willing to give up their low mortgage rates, Mike Roberts has shifted his focus to targeting first-time homebuyers. That’s why builders are utilizing closing cost incentives and temporary rate buydowns often funded by lenders. “If It’s a lot of work, and there’s no guarantee that they will pay off. “A

Loan Officer 418

Loan Officer Mortgages Loans Closing costs 418