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Closing costs for the typical home purchase now top $4,600

Housing Wire

Homebuyers paid an average of $4,661 in closing costs on purchase mortgages last year, according to a new report from LodeStar Software Solutions. The company released its first-ever purchase mortgage closing cost report. The findings showed that, on average, closing costs represented 1.06% of home sale prices at the national level.

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30 must-have real estate text message scripts to convert leads and close deals

Housing Wire

In this article, we’ve gathered 30 real estate text message scripts designed to help you connect with leads, nurture relationships, and get more deals to the closing table this coming year. Use my well-worn, proven scripts below to build connection and close more deals. Let’s chat about how I can help you take advantage of this market!

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Fairway announces ‘hybrid e-closings’ for reverse mortgages

Housing Wire

announced the incorporation of hybrid e-closings for reverse mortgages on Tuesday, aiming to incorporate its experience with the technology on the forward side of the mortgage business into its reverse mortgage division for the first time. This is according to Tom Evans, EVP of marketing and technology for reverse at Fairway.

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Navigating movement in the mortgage industry series: Post-closing matters are important too

Housing Wire

Introduction As part of our ongoing discussion on the concept of movement in the mortgage industry, it is readily apparent that the failure of mortgage companies to pivot or tweak their business models to satisfy changing market and other conditions has resulted in consolidation based on liquidity, buyback, financial and other concerns.

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Millennials are Determined and Prices are Soaring: The Step-by-Step Formula for Closing More Sales to Millennial Buyers Fast!

Speaker: Paul Moya - CEO, Millennial Labs, and The Go-To Performance Marketing Strategist and Realtor Coach for the Best in the World

Today’s real estate market is at the crossroads between Millennials becoming the biggest segment of home buyers across the country and social media becoming the most important platform to attract potential buyers. The #1 Reason Most Millennial Viewers on Social Media Never Turn Into Closed Sales.

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From consultation to closing: The definitive homebuying checklist

Housing Wire

Ill share everything you need to keep the homebuying process running smoothly from your first meeting to closing and beyond. From choosing a property to navigating the closing process, youll need to do a deep dive into their wants, needs, and deal breakers. Set the stage: Educate your clients on the market This is your time to shine!

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Mortgage rates sharp reversal as market go wild

Housing Wire

The past few days have been highly turbulent for the stock and bond markets, resulting in dramatic shifts in mortgage rate pricing. That’s because the labor data didnt warrant the bond market buying. However, we got as low as 3.87% recently due to market volatility. For the most part, we have stayed in that range.

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