Remove Closing costs Remove Industrial Remove Pre-qualification
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Opinion: Reframing the American Dream of homeownership

Housing Wire

Consumer sentiment and market perception Consumer confidence is currently low due to the high cost of living and perceived barriers to homeownership. As industry professionals, we have a responsibility to foster belief in the possibility of homeownership. However, this doesn’t mean the dream is out of reach.

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Opinion: Is the lending market overcorrecting toward tech? Maybe

Housing Wire

Worsening market conditions are only going to accelerate an already hyper-competitive mortgage lending industry that is still learning to adapt to post-pandemic homebuying behaviors. Yes, a customer should be able to fill out a pre-qualification application digitally. Customer acquisition costs go up. KPIs take a hit.

Lending 370
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15 Homebuying Terms You Should Know When Searching for Your New Home

RIS Media

The homebuying process is already complex, so understanding certain words and terms in the real estate industry will help you get ahead of the game for when you’re ready to start buying. Closing costs : Fees associated with the purchase of a home due at the end of the sales transaction. The fee, usually 0.3 – 1.5

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Mortgage, Mortgage, Mortgage: What First-Time Home Buyers Need to Know

Realty Biz

Keep an eye out for associated fees and other costs that you may encounter. Documentation and the Pre-Approval Process Pre-approval is a must for anyone looking to purchase a home. Be sure to have all of your documentation in order and ready to go before starting the pre-approval process.

Mortgages 101
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Thinking About a Rent-to-Own House? Here’s What You Need to Know

HomeLight

New Mexico agent Valerie Almanzar , who has more than 15 years of experience in the real estate industry, says that while rent-to-own properties aren’t the norm these days, they can and do still happen. “If Additionally, a certain amount of the monthly rent is also typically stipulated to help cover the buyer’s closing costs or down payment.

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Am I A First-Time Homebuyer? Who’s Qualified … And Who Isn’t

HomeLight

VA loans also offer even more benefits, like better interest rates and less strident qualifications — but as the name indicates, they are only available to current military members or veterans (or their spouses). For example, pre-pandemic, an FHA loan could be secured with 3.5% down and a minimum credit score of 580.

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20 Home Buying Tips for First- or Second-Time Buyers

HomeLight

4 expert tips before you shop for a home Tip 1: Start planning early Top Las Vegas agent Rebecca McKenna-Inman has more than 22 years of experience in the industry. A buyer could also ask for a closing cost credit, which can offset closing costs.”