Remove Earnest money deposit Remove Mortgages Remove Pre-approval
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From consultation to closing: The definitive homebuying checklist

Housing Wire

Secure a mortgage pre-approval As a rule of thumb, its best to have your clients obtain a mortgage pre-approval prior to setting up any searches and conducting property tours. Required documentation Save your clients some time by providing them with a list of the documents theyll need to get pre-approved.

Closing 371
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Sun West unveils NFT loan powered by AI technology

Housing Wire

Loan originator and servicer Sun West Mortgage Co. has unveiled the latest version of its proprietary artificial-intelligence (AI) platform, called Morgan, which enables the lender to convert pre-approved, property-specific home loans into tradable non-fungible tokens (NFTs).

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Stop Making These Real Estate Videos (And What to Do Instead)

BAM Media

Im talking about those generic educational videosthings like 5 Tips for First-Time Homebuyers, What Is a Balloon Mortgage? or The Difference Between Pre-Approval and Pre-Qualification. Very rarely do people log on thinking, I really hope I learn something about earnest money deposits today!

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How the Financing Contingency Works: Why Buyers Should Think Twice Before Waiving It

Redfin

This protective clause in your purchase agreement can save you thousands if your mortgage falls through, but in todays competitive market, some buyers are tempted to waive it. It protects the buyers earnest money and limits their financial risk if their financing falls through. You have a strong pre-approval.

Finance 52
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Closing on a House Checklist: 6 Things Home Buyers Must Do Before They Move In

Realtor.com

Appraisal contingency: With this contingency, a third party hired by your mortgage lender evaluates the fair market value of the home. Financing contingency: This contingency gives you the right to back out of the deal if your mortgage approval falls through. Get final mortgage approval. Clear the title.

Closing 139
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The Four Most Common Reasons Home Buyers Back Out of Real Estate Transactions

CT Homes

There is a huge difference between a pre-qualification and a pre-approval. Most lenders or mortgage companies will issue a pre-qualification letter after reviewing the credit report and taking verbal information on income, assets and employment. Financing Issues.

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3 Times Your Earnest Money Deposit Could Be At Risk

Dwell Real Estate

The earnest money deposit—the cash you as a buyer offer to essentially call dibs on real estate—is one of the most important (and often misunderstood) parts of the home-buying process. In the Sarasota area, home buyers will usually put down anywhere from 1 to 5 of the real estate purchase price as earnest money. (If