Housing Wire

FEBRUARY 16, 2023

LauraMac, a provider of mortgage loan review SaaS technology, has appointed Rick Seehausen as its chief strategy officer. I look forward to working closely with Rick to leverage the success of our Loan Review System, prepare the launch of our Loan Acquisition System, and guide us in the development of new product lines.”

Loans 391

Loans Technology Principal Development 391

Housing Wire

NOVEMBER 16, 2022

trillion in loans, about half of 2021’s $4.4 Within the past week, one of the nation’s largest retail mortgage lenders, Charlotte-based Movement Mortgage , announced the acquisition of Mortgage Network, a deal that would add $2 billion in annual loan volume, 250 mortgage professionals and 31 branch offices to its network.

Banks 435

Banks Mortgages Loan Officer Due diligence 435

The Close

NOVEMBER 7, 2024

Do your due diligence on the property, and show up ready to bid. Visit Zillow Step 4: Evaluate Potential Properties Once you’ve spotted potential real estate investment properties, you must dig into the details before moving (aka due diligence). Conventional loans: These can be obtained from a credit union or a bank.

Hard money loan 98

Hard money loan Purchase and sale agreement Investor Due diligence 98

Housing Wire

MAY 5, 2022

The renter (now buyer) pays you principal plus interest during the term. At the end of the term, the buyer refinances the debt with a loan from a bank and pays you off, releasing you from the investment. Roofstock does the work: A lot of due diligence goes into selling a rental property. Pay Your Tenant to Leave.

Due diligence 370

Due diligence Finance Principal Sales 370

HomeLight

MAY 27, 2021

But when it comes to one of the key aspects of buying that home — how to get a mortgage loan — you may draw a blank. We include advice from an agent who has worked with hundreds of new buyers, descriptions of different loans, and information about the many kinds of paperwork you’ll deal with. Source: (Matthew Henry / Burst).

Loans 98

Loans Mortgages Title Title search 98

Marco Santarelli

JULY 26, 2020

Then you don’t end up cutting into your cash flow with high-interest hard money loans to pay for the little repairs needed to legally rent out the unit or hit your credit cards to pay contractors. The mortgage note spells out the loan duration. You know how long you’ll receive loan payments, and it maybe 10 to 30 years.

Loans 144

Loans Equity Renovation Property Management 144

HomeLight

AUGUST 31, 2021

If you were preapproved for a mortgage, you’ve probably already submitted your documents to determine eligibility, and now it’s a matter of your lender formally processing your application and completing their due diligence on the loan. Review your Loan Estimate. Order an inspection. Lock in your interest rate.

Closing 111

Closing Title Inspection Due diligence 111

HomeLight

OCTOBER 29, 2021

The average time to close a loan was 48 days in July 2021 , according to ICE Mortgage Technology, a company that produces mortgage management technology. Conventional loans closed in an average of 47 days in July 2021, while FHA loans took 51 days, and VA loans required an average of 52 to close.

Closing 111

Closing Inspection Title Due diligence 111

Marco Santarelli

FEBRUARY 18, 2023

Remember, the key is to be patient, do your due diligence, and make an informed decision. However, it’s important to do your due diligence and work with a reputable real estate agent who can help you navigate the market and find the best properties for your investment goals.

Due diligence 98

Due diligence Investor Mortgages Finance 98

Realtor.com

MARCH 15, 2021

We are basically paying mostly all-interest payments and only reducing the principal balance by only about $1,160 during the whole first year. The seller is acting like a bank in this scenario — but unlike a bank or traditional mortgage lender, they may not be able to sell the loan or rely on other funds should you default on your mortgage.

Finance 70

Finance Due diligence Fixed-rate mortgage Lending 70

HomeLight

DECEMBER 30, 2021

We’ll also hear from Richie Helali of HomeLight Home Loans for an inside scoop on the loan-related documents for buying a house. This is why it’s so important to have a thorough home inspection conducted during the due diligence period of your purchase agreement. Loan Estimate. Grab a pen and let’s review!

Purchase and sale agreement 98

Purchase and sale agreement Title Closing costs Seller disclosure 98

HomeLight

APRIL 19, 2021

Jean Chou , the principal attorney at JLC & Associates , advises her clients who buy in smaller buildings to schedule their own inspections as part of the homebuying process. Sellers appreciate cash offers because of their faster timelines, as there’s no need to wait for a mortgage loan.

Earnest money deposit 89

Earnest money deposit Inspection Due diligence Agents 89

The Close

NOVEMBER 26, 2024

Financing Costs To finance your vacation rental property, you’ll have to factor in your monthly mortgage principal, interest, and private mortgage insurance (PMI) if you have it. Reach out to a lender for more detailed information about different loan options to determine which fits your needs best.

Purchase and sale agreement 98

Purchase and sale agreement Property Management Finance Banks 98

Norada Real Estate

FEBRUARY 21, 2022

However, it requires due diligence, on your part, to ensure you get the best return on your investment. There is a good deal of banks, financial firms, and private lenders out there who can readily loan you the amount you need to buy a rental property. How good is that?

Purchase and sale agreement 111

Purchase and sale agreement Investor As-is Due diligence 111

Patch of Land

AUGUST 27, 2018

Unlike loans from banks, which operate under stricter regulatory control and typically take months for a decision, a loan from a crowdfunding site can be executed in a matter of weeks—although interest rates are generally higher. “As If we made the loan, we like the project. We did the due diligence.”

Due diligence 28

Due diligence Commercial Land Investor 28

Housing Wire

AUGUST 1, 2024

DeJane Kerr Senior Vice President of Operations Fathom Realty Joel Kirsch VP, Agent Growth & Experience Real Janet Knilans Chief Operating Officer Percy.ai

Due diligence 493

Due diligence Principal Technology Lending 493

Marco Santarelli

OCTOBER 16, 2023

Whether you choose to invest in rental properties or REITs, it's important to do your due diligence and carefully consider the risks and rewards of each investment option. Investors can choose the loans they want to invest in based on the borrower's creditworthiness, loan term, and interest rate.

Lending 52

Lending Investor Loans Due diligence 52

Housing Wire

APRIL 30, 2024

During the refinance process, title insurance professionals would do their due diligence to disqualify any potential heirs who may attempt to claim the property down the road. When a homeowner refinances, they obtain a new loan. This would allow the surviving wife to officially claim ownership of the property.

Title 382

Title Due diligence Title search Principal 382

Realty Biz

JANUARY 10, 2021

In a nutshell, a reverse mortgage is an excellent loan product for seniors. The borrower’s age and current interest rates are two factors that affect the principal limit that can be borrowed. Anyone applying for this type of loan will need to attend an information session from a counselor approved by the HUD.

Mortgages 111

Mortgages Due diligence Equity Title search 111

The Close

DECEMBER 29, 2022

Make sure clients who see an acceleration clause in their mortgage contracts understand that this allows their lender to demand repayment of the loan in full if they default on the loan. 4 Loan Questions Worth Asking. Basically, amortization is the preset schedule of mortgage loan payments, including interest, over time.

Purchase and sale agreement 98

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