Housing Wire

JUNE 20, 2023

Mike Cagney’s Figure Technologies rolled out a wholesale lending platform that will give loan originators access to the company’s home equity line of credit (HELOC) offering. Approval may be granted in five minutes but is ultimately subject to verification of income and employment.

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Lending Technology Pre-approval Equity 370

Housing Wire

APRIL 12, 2024

starter home, up 8% from a year ago and up nearly 100% from pre-pandemic figures, Redfin reported. Buying typically requires a sizable down payment and approval for a mortgage — things that are difficult for many people today, when the typical down payment is near $60,000 and mortgage payments are sky-high.

Pre-approval 487

Pre-approval Equity Mortgages Sales 487

Housing Wire

JUNE 22, 2023

Wholesale mortgage lender The Loan Store (TLS) announced on Thursday the roll-out of its new home equity line of credit (HELOC) product, which is currently available in 25 states and Washington, D.C. This approach allows The Loan Store to offer same-day approvals and HELOC funding in as little as three business days after final approval.

Loans 370

Loans Pre-approval Equity Lending 370

Housing Wire

AUGUST 13, 2021

Co-led by Tiger Global Management and Caffeinated Capital , Divvy’s latest round raised $200 million in equity, Divvy CEO Adena Hefets told Bloomberg. Despite historically-low mortgage rates in the face of the COVID-19 pandemic, many banks began tightening underwriting requirements for approvals.

Pre-qualification 435

Pre-qualification Pre-approval Equity Finance 435

Housing Wire

JUNE 24, 2021

By the time the average US homeowner retires, it’s often stated that 83% of their wealth will come from their real estate’s equity, however, the challenge is most homeowners don’t consider their home an asset. According to NAR over 69% of buyers have a home to sell, so really homeowners represent the earliest buyer.

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Pre-approval Equity Loan Officer Brokerage 414

Housing Wire

APRIL 4, 2022

Redfin completed its acquisition of Bay Equity Home Loans , paying $137.8 million premium over Bay Equity’s tangible book value” as of Feb. 22, according to the news release.The move allows Redfin agents in 91 markets to begin referring customers to one of 400 local Bay Equity loan officers as of Monday. Presented by: 1000watt.

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Closing Mortgages Loan Officer Pre-approval 370

Housing Wire

OCTOBER 1, 2024

The guidance applies to origination and servicing for both traditional forward mortgages as well as Home Equity Conversion Mortgages ( HECMs ) for senior borrowers, the agency said. “In and its territories where the president has declared a major disaster under the Stafford Act,“ FHA said in its notice.

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Inspection Pre-approval Loans Principal 476

Housing Wire

MAY 4, 2022

Mortgage credit availability remains tighter than it was pre-pandemic. Additionally, the median credit score of borrowers approved for mortgages reached 778 in the fourth quarter of 2021, which is higher than during the previous housing boom.

Debt-to-income ratio 397

Debt-to-income ratio Equity Pre-approval Finance 397

Housing Wire

JANUARY 31, 2023

Even if I write seven pre-approvals a day, when there is one house and there’s 20 people that want to buy the same house, we still can’t do a lot of deals,” Marquis said. I know that sounds crazy, but we have a lot of clients reaching out for pre-approvals. But [production] levels are not pre-pandemic.

Loans 418

Loans Pre-approval Closing Marketing 418

HomeLight

OCTOBER 28, 2024

Do you have profit-level home equity? Selling your home at a profit starts with knowing your current equity. If your equity has grown substantially, it could be a great time to sell. If your equity has grown substantially, it could be a great time to sell. What is the 5-year rule?

Pre-approval 110

Pre-approval Debt-to-income ratio Equity Loans 110

Housing Wire

MAY 3, 2024

After the last crash, builders scaled back significantly and never fully recovered to pre-2007 levels. The time-consuming process of acquiring land and navigating regulatory approvals poses a barrier to rapid expansion.

Pre-approval 455

Pre-approval Lending Inspection Equity 455

Housing Wire

SEPTEMBER 2, 2021

The round includes $100 million of Series D equity and $263 million in debt financing – boosting HomeLight’s valuation to the tune of $1.6 It also allows sellers access to a network of pre-approved buyers to expedite the process. Lydia Jett of the SoftBank Vision Fund also participated. billion, the company claimed.

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Pre-approval Investor Technology Equity 414

Housing Wire

AUGUST 23, 2023

The capital infusion includes a $528 million convertible note from affiliates of SoftBank and additional common equity from funds affiliated with NaMa Capital (formerly Novator Capital ). (Better.com incurred an $89.9 million loss in the first quarter of 2023, per Securities and Exchange Commission (SEC) filings.)

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Closing Pre-approval Finance Title 370

Housing Wire

JUNE 6, 2024

The government-sponsored enterprise (GSE) also thinks the Federal Housing Finance Agency ( FHFA ) will encourage it to offer single-family, closed-end second mortgages if a Freddie Mac product under analysis is approved. Duncan : People have used the equity in their homes for many things for a long time. This is not new.

Mortgages 487

Mortgages Pre-approval Equity Investor 487

Housing Wire

AUGUST 29, 2022

billion in equity as of the second quarter, plus technology that can close loans faster than most competitors, aggressive pricing is a “multibillion dollar decision investment,” as Ishbia put it. His tangible net worth ratio (a proxy of how much equity you have relative to your total assets) is just under 30%.

Loans 435

Loans Loan Officer Equity Mortgages 435

Housing Wire

MARCH 6, 2023

“I’ve got several pre-approvals out there where people just can’t find what they want and the rates are throwing them off,” Monsoon said. Those who are tired of paying rent are purchasing homes and starting to build equity, according to Wax. Wax said about 50 to 60% of his clients are first-time homebuyers.

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Loan Officer Loans Pre-approval Mortgages 397

Housing Wire

SEPTEMBER 29, 2022

MAXEX is an Atlanta-based fintech company that is backed by leading private-equity and capital-markets investors, including J.P. Facilitating forward-trading agreements, which allow platform users to sell loan pools at a future date with pre-negotiated terms and pricing.’. Morgan Chase.

Marketing 397

Marketing Pre-approval Bankruptcy Loans 397

Keeping Current Matters

JULY 13, 2021

Getting pre-approved can show the seller you’re serious and help you know what you can afford. If you’re thinking of selling , seize this opportunity to use your additional equity from this price appreciation to power your next move. If you’re looking to buy , competition and bidding wars are driving prices up.

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Marketing Pre-approval Equity Agents 315

Housing Wire

MAY 12, 2022

But it’s also possible for a homebuyer to apply and receive approval on a mortgage loan without them ever actually speaking with another human. Yes, a customer should be able to fill out a pre-qualification application digitally. Yes, a customer should be able to upload documents to a portal or receive a digital approval letter.

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Lending Marketing Pre-qualification Pre-approval 370

Keeping Current Matters

FEBRUARY 24, 2021

In return, the buyer might lease the house back to the seller for a pre-determined length of time while the seller’s new home is being built. Perhaps you need time to get permits or approvals for certain upgrades you made to the house. A true win-win negotiation. Not every buyer will agree to such a deal – but you only need one.

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Pre-approval Construction Equity Sales 324

Keeping Current Matters

DECEMBER 14, 2021

That means getting your finances in order, reviewing your budget, and getting pre-approved through a lender. Nearly two-thirds of first-generation homeowners say the importance of building equity in a home is growing more important as well.

Pre-approval 299

Pre-approval Lending Equity Banks 299

BAM Media

MARCH 10, 2025

The deal is expected to close in the second or third quarter of 2025, pending shareholder and regulatory approvals. Rocket Companies to Acquire Redfin Under the terms, Redfin shareholders will receive 0.7926 Rocket shares per Redfin share, a 63% premium over Redfins 30-day average price.

Pre-approval 72

Pre-approval Lending Title Finance 72

BAM Media

JULY 2, 2024

I’m not a big fan of asking, “ Hey, are you pre-approved ? Instead, ask, “What money do you have allotted to put towards the home purchase?” Then the next question is— “Have you spoken to anybody about the financing?” Not “Are you pre-approved?” Most of our clients like a free home equity review.

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Pre-approval Debt-to-income ratio Pre-qualification Purchase and sale agreement 52

Housing Wire

APRIL 22, 2024

I would be happy to give you an equity analysis and let you know how much equity you have in your home. I’d be happy to email you a copy of their pre-approval letter. (If you have any homes you personally sold in the neighborhood, include those here). Please think of me as your go-to resource for all things real estate.

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Brokerage Investor Agents Pre-approval 467

HomeLight

DECEMBER 8, 2023

Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. Think of it as a temporary loan that taps into the equity of your existing home. When is a bridge loan a good solution?

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

HomeLight

OCTOBER 24, 2024

Many sellers don’t realize that even in a traditional sale, buyers can often close quickly, especially with financing pre-approvals. Mention that mortgage approvals today can be rapid, often closing within a month, and might result in significantly more money in their pocket.

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Pre-approval Investor Finance Agents 64

HomeLight

AUGUST 31, 2022

If you need assistance navigating the financial or tax implications of unlocking your home’s equity, HomeLight always encourages you to reach out to your own advisor. homeowners with mortgages (roughly 62% of all properties) saw their equity increase by a total of more than $3.8 What is home equity? According to CoreLogic , U.S.

Equity 105

Equity Finance Loans Closing costs 105

Housing Wire

FEBRUARY 8, 2022

Bill Bymel, managing director at Spurs Capital , an investment manager specializing in distressed mortgages, said that about 15% of the overall portfolio during the pandemic contained non-communicative borrowers, up 50% compared to the same pool of borrowers pre-COVID. Still, monthly foreclosures were half the pre-pandemic levels. “We

Loans 370

Loans Pre-approval Mortgages Principal 370

Lighter Side of Real Estate

JULY 26, 2024

While some of those folks likely chose to rent instead of buying, many of them might not have been aware that they could qualify for a mortgage, and would have chosen to buy if they’d simply gotten pre-approved and knew they could. Look past your fear of rejection and reach out to a lender to get pre-approved!

Pre-approval 109

Pre-approval Mortgages Equity As-is 109

HomeLight

JULY 30, 2024

This unique financial tool allows you to purchase a new property using the equity in your current home without the stress of monthly mortgage payments. In this guide, we’ll explain how you can make your next move easier and more financially manageable with a Home Equity Conversion Mortgage (HECM) for Purchase.

Mortgages 115

Mortgages Pre-approval Equity Loans 115

HomeLight

NOVEMBER 15, 2024

Review any existing estate plans “So much with estates is about pre-planning on inherited property,” Hillman says. You’ll also need to know if the inherited North Carolina property has any supplemental liens or judgments, such as unpaid taxes, a home equity line of credit (HELOC), or a reverse mortgage.

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Pre-approval Title search Equity Title 52

Realty Biz

JANUARY 15, 2024

It's important to note that eligibility for a bridge loan will depend on factors such as your creditworthiness and the equity in your current home. One option is obtaining a home equity line of credit (HELOC) on your current property. Do I Need a Pre-approval to Buy a New House Before Selling Mine?

Pre-approval 105

Pre-approval Purchase and sale agreement Finance Equity 105

HomeLight

DECEMBER 27, 2023

Unlock Your Equity Faster With a Cash Offer Consider going through HomeLight’s Simple Sale platform to access the equity of your existing home quickly. Before listing your house, work with a lender to get pre-approved for your next loan to ensure you’re still in good financial standing.

Pre-approval 111

Pre-approval Mortgages Equity Principal 111

Housing Wire

AUGUST 23, 2023

The business combination closing, announced Wednesday, unlocks approximately $565 million of fresh capital, including a $528 million convertible note previously committed from affiliates of SoftBank and additional common equity from funds affiliated with NaMa Capital (formerly Novator Capital). What happened, from your standpoint?

Debt-to-income ratio 370

Debt-to-income ratio Technology Mortgages Pre-approval 370

HomeLight

JANUARY 5, 2022

“They help clients save money by representing both sides and a pre-arranged discount.”. Not all states require you to hire a real estate attorney to buy or sell real estate, but it’s almost always advisable to get legal representation in a sale among parties with a pre-existing relationship. Don’t: Be lenient on the pre-approval step.

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Pre-approval Purchase and sale agreement Title search Title 111

RIS Media

JUNE 30, 2021

Buyside’s new features will enable homeowners currently receiving a Home Valuation Report to see a personalized Home Equity Dashboard. “According to the National Association of REALTORS® over 69% of buyers have a home to sell, so really homeowners represent the earliest buyer.

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Pre-approval Equity Loan Officer Title 94

Marco Santarelli

MAY 11, 2024

Home Equity Softening, Not Disappearing The report highlights a slight decrease in the percentage of homes considered “equity-rich,” where the loan value is less than half the estimated market value. This signifies that homeowners, by and large, still hold a healthy level of equity in their properties.

Mortgages 109

Mortgages Marketing Equity Pre-approval 109