Lab Coat Agents

NOVEMBER 20, 2024

As a homebuyer, finding the right mortgage can significantly impact your overall financial health. Among the various financing options available, an assumable mortgage offers a unique solution that could lead to substantial savings. What Is An Assumable Mortgage ? How Do I Qualify for An Assumable Mortgage?

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Purchase and sale agreement Mortgages Pre-approval VA loan 98

Redfin

JULY 31, 2024

Key takeaways Shop around for the best mortgage lender : Compare offers from multiple lenders, including banks, credit unions, and online lenders, to find the best rates and terms for your mortgage. Understand loan options: Learn about different mortgages like conventional, jumbo, and government-backed loans (FHA, VA, USDA).

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Pre-approval Pre-qualification Mortgages Loans 71

Realty Biz

SEPTEMBER 30, 2023

Mortgages with Low Credit Scores Mortgages with low credit scores can appear challenging, but there are options available. Understanding how a low credit score affects your mortgage and exploring government-backed programs can help you navigate the process. Can you buy a house with bad credit?

Finance 96

Finance Debt-to-income ratio FHA loan Mortgages 96

HomeLight

FEBRUARY 12, 2021

Today, FHA loans represent a fair share of the mortgage market; in 2018, the FHA insured 12.1% of all mortgage originations. 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.

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FHA loan Loans Pre-approval Pre-qualification 111

Boom Town

APRIL 1, 2021

With a seamless system in place designed to work and convert those leads, online leads can still be a lucrative part of your business. Qualification: Have a plan for qualifying your leads and tagging/categorizing them appropriately within your CRM. Mortgage (are they pre-approved?), and Appointment.

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Pre-qualification Pre-approval Technology Agents 97

HomeLight

DECEMBER 8, 2023

It’s designed for homeowners like you who are in the midst of transitioning from your current home to a new one. These loans are generally short-term and, admittedly, can be more costly than traditional mortgages. Stricter qualification criteria: Qualifying for a bridge loan can be more demanding than for a traditional mortgage.

Equity 111

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

Marco Santarelli

JULY 10, 2024

3% mortgage rate in 2024? Navigating the ever-shifting tides of mortgage rates can feel like an impossible feat. How to Get a 3% Mortgage Rate in 2024? Current Mortgage Rate Landscape in 2024 According to Freddie Mac , as of early July 2024, the average 30-year fixed mortgage rate stands at 6.95%. Is it possible?

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Pre-qualification Mortgages Pre-approval Debt-to-income ratio 52

Redfin

JULY 11, 2023

In this comprehensive guide, by Redfin, we will delve into ten common questions about mortgages, offering valuable insights and expert answers. What is a mortgage? A mortgage is a loan specifically designed for purchasing a property, commonly a home. How does a mortgage work? How is a mortgage rate determined?

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Pre-approval Mortgages Pre-qualification Debt-to-income ratio 59

HomeLight

AUGUST 31, 2020

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). Don’t let the name fool you: areas designated for Rural Development loans can be closer to cities than you might expect.

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Debt-to-income ratio FHA loan Pre-qualification VA loan 93

HomeLight

NOVEMBER 16, 2021

Less-than-stellar credit history can create an obstacle to getting a mortgage , making the whole process even more daunting. Through the Home Partners program, prospective rent-to-own homebuyers start by filling out a pre-qualification application. Source: (Jonathan Francisca / Unsplash). Home Partners.

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Purchase and sale agreement Pre-approval Debt-to-income ratio Pre-qualification 104

HomeLight

SEPTEMBER 15, 2022

The National Association of Realtors agrees that auctions can accelerate a sale, in addition to offering these key benefits for sellers: Higher visibility among pre-qualified, prepared buyers who are ready to buy. If you’re in good standing with your mortgage, you won’t want to seek out an auctioneer who works solely with foreclosures.

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Pre-qualification Pre-approval Investor Sales 110

HomeLight

OCTOBER 27, 2020

“You might have a salaried job, but if you’ve been investing in the stock market and have $10,000 to $30,000 each year in dividends income, we can in some cases use that income as additional income and help you qualify for more loan,” says Jessica Sanchez, Director of Mortgage Operations at HomeLight. What’s a qualified mortgage loan? .

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Debt-to-income ratio Pre-approval Pre-qualification Loans 105

Windemere Buying

JULY 8, 2022

One important distinction to be made is the difference between your real estate agent and your mortgage broker. Real Estate Agent vs. Mortgage Broker Both real estate agents and mortgage brokers are licensed professionals who play a pivotal role in the home buying process by bringing parties together to get a deal done.

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Agents Pre-qualification Mortgages Pre-approval 52

The Close

APRIL 3, 2025

Loan requirements : Fix and flip loans typically have different requirements than mortgages. Reputation and reviews : Hard money loans are generally higher risk, since the interest rates are higher and the repayment term is much smaller than typical mortgages. Many lenders have a minimum credit score and experience requirements.

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Loans Hard money loan Investor Finance 45

HomeLight

JULY 30, 2021

They’ll also need to come up with any additional buyer-designated costs associated with the purchase, which can vary by state and loan programs. The seller can determine the terms of the option, which may or may not include a pre-set purchase price for the home. And getting a mortgage? Lease-purchase agreements.

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Purchase and sale agreement Debt-to-income ratio Pre-qualification Inspection 98

HomeLight

APRIL 30, 2022

But the latest home search apps can help fill in the knowledge gap by addressing everything you need to know in the home buying process, from mortgage payments to maintenance. Mortgage portals. Mortgage websites and apps can help strengthen a buyer’s offer by preapproving them for a mortgage, as opposed to a pre-qualification.

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Closing MLS Pre-qualification Technology 105

Realty Biz

MAY 25, 2023

Here are several ways in which chatbots can assist real estate agents: Lead Generation: Chatbots can automate lead capture and qualification processes. Mortgage and Financing Assistance: Chatbots can assist clients in calculating mortgage affordability, estimating monthly payments, and explaining financing options.

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Technology Agents Pre-qualification Finance 79

HomeLight

DECEMBER 15, 2021

All publicly listed properties can be found on the MLS, from single-family homes and condos to foreclosures or pre-foreclosures. What about foreclosures and pre-foreclosures? A pre-foreclosure means the owner is in arrears on their payments, but the bank has not officially foreclosed on the property. How your agent can help.

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MLS Pre-qualification Purchase and sale agreement Agents 98

HomeLight

APRIL 28, 2021

At first, a planned community can sound similar to a traditional suburb, but the two are quite different – especially in their initial design. While retirees or pre-retirees have always been a large demographic in planned communities, Tim Peirce , a 2020 award-winning top agent in Bluffton, South Carolina, says the market is expanding. “So

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Pre-qualification Land Development Design 105

Redfin

MAY 24, 2022

Understand the differences between real estate designations: Although there are many real estate agents active in the marketplace, not every real estate agent has earned the same certifications; designations like agent, broker, and Realtor® recognize different qualifications and different levels of specialized training.

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Agents Pre-qualification Purchase and sale agreement Pre-approval 74

HomeLight

APRIL 26, 2021

The buyer knows what type of mortgage loan they qualify for and will have a preapproval letter (there’s a difference between preapproval and pre-qualification ) in hand. Maybe you met the owner and want to know if their design style reflects their personality.

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Pre-qualification Renovation Agents As-is 108

HomeLight

FEBRUARY 26, 2021

Consider this your residential appraisal walkthrough, covering an appraiser’s general qualifications, how these professionals calculate value, and some common misperceptions about residential appraisals. Source: (Tetiana SHYSHKINA / Unsplash). Starting the appraisal process.

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Residential Pre-qualification Sales As-is 93

HomeLight

AUGUST 31, 2021

Consider doing cosmetic or easy design upgrades post-construction rather than with the builder,” says Michele Mazine, owner of Nest Advise , a firm that helps buyers through the new home options and upgrades process. This design choice is an expensive upgrade, but doesn’t cost much for builders to install. Crown molding.

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Agents New Construction Purchase and sale agreement Construction 128

Ryan Serhant

FEBRUARY 21, 2022

Let’s get started with the list of basic requirements you’ll need to meet to get your real estate salesperson license in AK. Meet the pre-qualifications. Complete your state-approved pre-license course. Complete your Alaska license application. Make sure you meet the pre-qualifications.

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Pre-qualification Pre-approval Brokerage Agents 52

Kyle Handy

JANUARY 31, 2023

Curb Hero is more than just a digital sign-in sheet; Curb Hero is designed to help you capture leads, get insights into your open house visitors, and take control of the process from start to finish. The app is designed to be user-friendly and intuitive, making open house sign-ins quick and efficient. How is this possible?

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Pre-qualification Land Agents Branding 52

The Close

AUGUST 15, 2023

Comparing the Top 7 Companies Best For Referral Fee Pros Cons Qualifications Needed Clever : Experienced agents seeking seller leads > $350k: 1.5% A sister company of Rocket Mortgage, Rocket Homes made this list because it’s a reputable source that offers high quality leads from pre-qualified buyers. Let’s dive in!

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Closing Pre-qualification Agents As-is 75

HomeLight

DECEMBER 6, 2022

Murphy says some New Jersey towns offer full-day pre-K. Zillow is designed to work for the agent and not for the seller,” warns Murphy. Murphy says there are many people who have slowed down their search or taken a break with mortgage rates skyrocketing. “We List your home online. Share on social media. See the next step!).

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Purchase and sale agreement MLS Pre-approval Agents 103

The Close

APRIL 29, 2022

The state of Florida requires those seeking a Real Estate Sales Associate designation to: Be at least 18 years old Have a Social Security number Have a high school diploma. License law and qualifications for licensure. Residential mortgages. Types of mortgages and sources of financing. Let’s get started!

Agents 52

Agents Brokerage Pre-qualification Pre-approval 52

Kyle Handy

FEBRUARY 24, 2023

This results in immediate follow-up and pre-qualification of leads, allowing you to concentrate on the best opportunities. It has an attractive design for desktop and mobile platforms and is optimized for mobile browsing. For lead packages under $750, a flat $150 management fee is charged.

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Brokerage Pre-qualification Sales Technology 52

HomeLight

AUGUST 16, 2021

Are you prepared for the responsibilities of home maintenance, mortgage payments, and everything else that comes along with homeownership? Like it or not, your credit score is going to play a huge role in whether you qualify for a mortgage, not to mention the terms you’re offered by a lender. Do you have a secure source of income?

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Closing costs Purchase and sale agreement Inspection Loans 105

The Close

DECEMBER 29, 2022

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. So we’ve included a handy download with questions your clients should ask their mortgage broker. Adjustable-rate mortgage (ARM). Assumable mortgage. Acceleration clause.

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Purchase and sale agreement Title Pre-approval Proof of funds 98

Housing Wire

MAY 25, 2021

HousingWire: What did the mortgage industry learn from the past year from an operational perspective? Because of the potential impact to lenders, we began tracking and reporting EPD numbers for the early months of Q3 in the Q2 report and saw a nearly 200% increase by Q3 over pre-pandemic levels.

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Loans Pre-qualification Lending Industrial 418