Housing Wire

JULY 3, 2023

PrimeLending , a Texas-based retail mortgage bank, aims to expand its market share by growing within its existing footprint in a margin-thinning environment. PrimeLending, led by president and CEO Steve Thompson, ranked as the 34th largest mortgage lender in the first quarter of 2023, with an estimated origination volume of $1.73

Loan Officer 370

Loan Officer Marketing Pre-approval Fixed-rate mortgage 370

Realtor.com

APRIL 30, 2021

If you’re raring to buy a home , chances are you’ll need a mortgage. But which kind of mortgage should you get? One good place to start figuring out your options is a mortgage calculator , where you can plug in various home prices and and have this sum broken down into monthly payments. Fixed-rate mortgage.

Fixed-rate mortgage 111

Fixed-rate mortgage Loans Mortgages Pre-approval 111

Housing Wire

AUGUST 29, 2022

In 2021, United Wholesale Mortgage (UWM) CEO Mat Ishbia set a three-year goal to make UWM the No. Ishbia, who started running his father’s mortgage firm in 2013 and has since grown it into the country’s No. 2 lender, isn’t satisfied with second place, behind Rocket Mortgage. “I 1 lender in the country.

Loan Officer 435

Loan Officer Loans Equity Mortgages 435

Realtor.com

AUGUST 13, 2020

That’s especially true in the mortgage industry, where interest rates and the overall home loan landscape are shifting with such head-spinning speed, it’s easy for outdated information to circulate, leading home buyers and homeowners astray. 1: Everyone qualifies for low interest rates. 2: Getting a mortgage today is easy.

Pre-approval 145

Pre-approval Mortgages Loans Fixed-rate mortgage 145

Realtor.com

APRIL 29, 2021

Yuri_Arcurs/iStock; MattKay/iStock Buying a home and getting a mortgage typically go hand in hand. Yet home loans aren’t always easy to understand—and there’s a lot of misinformation out there about how mortgages work. “A And make sure you’re aware of the biggest misconceptions about home mortgages.

Pre-qualification 122

Pre-qualification Pre-approval Mortgages Fixed-rate mortgage 122

Realty Biz

MARCH 30, 2023

Regardless, there are many things that first-time home buyers aren't aware of when it comes to getting a mortgage. We've put together a brief mortgage guide with the key information you need to know. To get the best rate for your situation, be sure to look closely at each type of mortgage. Let's take a closer look.

Mortgages 101

Mortgages Pre-approval Pre-qualification Due diligence 101

HomeLight

DECEMBER 27, 2023

Speaking with a mortgage lender — or several — before you buy a home shows that you’re a serious consumer, but talking with one of these experts before you sell a house also has several benefits. That starts with determining what it will take to pay off your mortgage. Learn More 1.

Pre-approval 111

Pre-approval Mortgages Principal Equity 111

Realty Biz

AUGUST 12, 2023

Buying a home is a significant decision, and understanding mortgage terms can make the process smoother. Here are some key terms and their definitions: Mortgage : A loan specifically used to purchase real estate. Fixed-Rate Mortgage : A mortgage in which the interest rate remains the same for the entire term of the loan.

Purchase and sale agreement 97

Purchase and sale agreement Mortgages Pre-approval Title search 97

First Team Real Estate

JULY 24, 2020

The average 30-year fixed-rate mortgage fell to a record low of 2.98% last week, the lowest ever recorded by Freddie Mac in the nearly 50 years of the mortgage giant’s survey. The opportunity created by lower mortgage rates is driving up home buying, and helping the housing market make an impressive rebound.

Pre-approval 98

Pre-approval Mortgages Fixed-rate mortgage Closing 98

Marco Santarelli

AUGUST 2, 2024

The answer isn't straightforward, as the real estate market is influenced by various factors, including mortgage rates, housing inventory, and seasonal trends. Current Mortgage Rates and Trends As of August 1, 2024, the housing market has shown varying trends in mortgage rates, providing a clearer landscape for potential homebuyers.

Pre-approval 98

Pre-approval Fixed-rate mortgage Inspection Mortgages 98

Marco Santarelli

JUNE 2, 2024

Uncertain inflation outlook leads to mixed predictions for June mortgage rates. Experts weigh in on whether rates will climb, fall, or hold steady. The battle against inflation is a key player in the game of mortgage rates. This, in turn, often leads to higher borrowing costs across the board, including mortgages.

Mortgages 97

Mortgages Pre-approval Fixed-rate mortgage Loans 97

Realty Biz

FEBRUARY 7, 2023

Some people will search for mortgage lenders near me if they want their bank to be nearby. Figure Out What Mortgage Program Works Best When you start looking for a mortgage , one of the first steps should be deciding what loan terms you want. For example, do you want a 30-year fixed or adjustable-rate mortgage?

Pre-approval 77

Pre-approval Mortgages Pre-qualification VA loan 77

Marco Santarelli

SEPTEMBER 30, 2023

FHA mortgage rates are typically higher than conventional mortgage rates, but they can be a good option for borrowers with lower credit scores or smaller down payments. FHA mortgage rates don't use risk-based pricing models, so there are no added fees or premiums for lower credit scores.

FHA loan 105

FHA loan Mortgages Debt-to-income ratio Loans 105

Marco Santarelli

SEPTEMBER 22, 2023

However, it is important to keep in mind that the housing market is influenced by several factors, such as changing demographics, government policies, and mortgage rates. their mortgage balance is greater than the value of their home) may be more likely to default on their mortgages.

Pre-approval 98

Pre-approval Fixed-rate mortgage Lending Equity 98

Marco Santarelli

APRIL 20, 2024

Soaring home prices fueled by historically low mortgage rates created a frenzy of buyer activity. Rising interest rates have cooled buyer enthusiasm, leading to slower sales and questions about the future. Mortgage rates are likely to remain elevated compared to historic lows, impacting affordability for some buyers.

Marketing 105

Marketing Pre-approval New Construction Fixed-rate mortgage 105

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).

Pre-approval 65

Pre-approval Pre-qualification Mortgages Loans 65

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

Redfin

JULY 16, 2024

Navigating the mortgage loan process can be daunting, but breaking it down into manageable steps can help. This guide will walk you through each phase of the mortgage loan process, from pre-approval to post-closing, with examples to illustrate key points. investment accounts, savings) Debt statements (e.g.,

Loans 63

Loans Pre-approval Earnest money deposit Mortgages 63

Lab Coat Agents

FEBRUARY 7, 2023

How To Get The Best Mortgage Rate You can do a few things to ensure you get the best mortgage rate possible. First, compare rates from several lenders. Types Of Mortgage Loans Several types of mortgage loans are available to borrowers, and the type that is best for you will depend on your circumstances.

FHA loan 96

FHA loan VA loan Pre-approval Fixed-rate mortgage 96

Lighter Side of Real Estate

OCTOBER 18, 2023

Agents believe so strongly in owning a home because it provides many benefits, such as: Building equity: When you own a home, you are gradually building equity as you pay down your mortgage. Predictable housing costs: If you have a fixed-rate mortgage, your monthly housing costs remain stable over the long term, making it easier to budget.

Pre-approval 123

Pre-approval Fixed-rate mortgage Equity Agents 123

Redfin

AUGUST 12, 2024

With various mortgage types available, navigating the options can be overwhelming. Whether you’re looking to buy your first home in Austin or refinance your house in Miami , understanding the different mortgage types and key factors is essential. What is a mortgage? Here’s an overview of the main mortgage types: 1.

Loans 64

Loans Mortgages Pre-approval Fixed-rate mortgage 64

Realty Biz

NOVEMBER 8, 2023

Home prices have surged to record highs, while interest rates have also increased. Prices Are Up, and So Are Mortgage Rates The news isn’t great for homebuyers right now. At the same time, the average interest rate on a 30-year fixed-rate mortgage has risen to 7.19%, according to Freddie Mac.

Fixed-rate mortgage 82

Fixed-rate mortgage Marketing Pre-approval Mortgages 82

Real Trends

JANUARY 31, 2023

I know some of my colleagues and friends on the mortgage lending side also have experience and hindsight on their side. We know the ebbs and flows and can recall even tougher rate environments. The post How to make home buying less heartbreaking appeared first on RealTrends.

Pre-approval 105

Pre-approval Fixed-rate mortgage Loans Mortgages 105

Redfin

DECEMBER 15, 2023

The resulting low rates sparked a surge in real estate transactions, with numerous homebuyers securing 30-year fixed-rate mortgages below 3%. If you’re a homeowner who locked in at a record-low mortgage rate, refinancing your mortgage now would be an impractical choice. What is a mortgage refinance?

Fixed-rate mortgage 66

Fixed-rate mortgage Mortgages Title search Equity 66

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? What are the different types of mortgages?

Pre-approval 59

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

Marco Santarelli

APRIL 24, 2024

Mortgage rates , a crucial factor impacting your monthly payments, can add another layer of complexity. This year, rates have been on an upward climb, exceeding 7% for a 30-year fixed mortgage. In a competitive market, a buyer with a pre-approved mortgage is often seen as more attractive by sellers.

Pre-approval 52

Pre-approval Mortgages FHA loan Fixed-rate mortgage 52

Realty Biz

JANUARY 14, 2022

Mortgage Interest Rates Remain Low. If you’re looking to buy a condo in Aspen for personal use or to rent for extra money, there’s no better time than now in terms of mortgage interest rates. This might be a terrific method to create additional income, making your property a fantastic long-term investment.

Fixed-rate mortgage 96

Fixed-rate mortgage Pre-approval Mortgages As-is 96

Realty Biz

AUGUST 28, 2023

Any purchase of hundreds of thousands of dollars - or sometimes much more, in certain situations - almost always requires either a sizable down payment or a long-term mortgage. However, trouble has been brewing on the horizon for a long time now, and the days of affordable mortgages seem to be at an end for now.

Pre-approval 92

Pre-approval Fixed-rate mortgage Lending Loans 92

Realty Biz

APRIL 8, 2024

This includes checking your credit score, saving for a down payment, and getting pre-approved for a mortgage. Answer: What you can afford depends on your income, credit rating, current monthly expenses, down payment, and interest rate. What Is a Mortgage Pre-Approval? What Can I Afford?

Pre-qualification 56

Pre-qualification Pre-approval Closing costs FHA loan 56

Marco Santarelli

DECEMBER 22, 2024

Mortgage rates are a critical consideration for anyone looking to borrow money for a home. As of December 22, 2024, the average 30-year fixed mortgage rate has increased to 6.67% , marking its highest point since June 2024. Refinance Rates: The average 30-year refinance rate stands at 6.71%.

Mortgages 52

Mortgages VA loan Fixed-rate mortgage Debt-to-income ratio 52

Norada Real Estate

JUNE 22, 2022

In a conventional mortgage, the down payment is the smallest and the rate of interest is also lower. There are three basic ways to finance turnkey rental properties – Cash, Borrowing, and Loan or Mortgage. You don't need to pay a bank attorney for the mortgage. Fixed-rate mortgages.

Finance 96

Finance FHA loan Investor Loans 96

Marco Santarelli

AUGUST 15, 2024

In the rollercoaster of homebuying, finding the perfect mortgage interest rate can feel like chasing a mythical unicorn. But what if we told you that a seemingly tiny 1% difference in mortgage interest rates could save you (or cost you) tens of thousands of dollars over the life of your loan?

Mortgages 52

Mortgages Fixed-rate mortgage Closing costs Loans 52

Marco Santarelli

MAY 24, 2024

If so, you're probably keenly interested in mortgage rates. Let's face it, securing a good rate can make a huge difference in your monthly payment and overall affordability. This lack of supply, coupled with high rates, is causing potential buyers to adopt a wait-and-see approach. Why Are Mortgage Rates High?

Mortgages 52

Mortgages Pre-approval Fixed-rate mortgage Principal 52

Realty Biz

JULY 10, 2023

Mortgage rates have been on the rise in recent months, but that hasn't stopped home buyers from entering the market. So while mortgage rates are still creeping ever higher, home buyers are still entering the market. There are a few reasons why home buyers are still active despite rising mortgage rates.

Mortgages 61

Mortgages Pre-approval Sales Fixed-rate mortgage 61

Marco Santarelli

AUGUST 9, 2024

Lower mortgage rates could be the glimmer of hope many prospective homebuyers have been waiting for in 2024. After a period of historically high interest rates, recent trends suggest the tide might be turning, potentially saving you hundreds of dollars each month on your mortgage payments. Scenario 1: 7.5%

Mortgages 52

Mortgages Principal Pre-approval Fixed-rate mortgage 52

Realtor.com

JANUARY 19, 2022

This meant we weren’t going to back out of the deal unless there was a big, expensive-to-fix issue. Our real estate agent found us a mortgage lender that could close as quickly as an all-cash offer. Not only that, we were about to sign up for 30 years of fixed-rate mortgage payments. Realtor.com.

Pre-approval 110

Pre-approval Banks Closing Mortgages 110

Real Trends

OCTOBER 23, 2022

There have been added worries to address recently with the market experiencing a rise in mortgage rates, homes doubling in value, and lots of competition and now frequent price reductions, giving first-time homebuyers extra jitters about purchasing their dream home. . To start, let’s address high mortgage rates.

VA loan 73

VA loan Pre-approval Fixed-rate mortgage Loans 73