Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. It’s also what keeps Andrew Marquis, regional vice president at CrossCountry Mortgage and Scotsman Guide ’s seventh top LO, up at night, especially as he sees more buyers entering the market.

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Loans Pre-approval Closing Marketing 410

The Close

NOVEMBER 12, 2024

Buying vacant land can be a wise investment with great returns if you plan carefully and understand what’s involved. While land can be a relatively cheap and low-effort investment compared to a house, making money from it might be trickier. Check access: Make sure you have legal access to the land. It helps to be in the know.

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Land Investor Finance Development 98

Housing Wire

MAY 3, 2024

Thanks to high mortgage rates , mortgage refinance rates, and even higher home prices , the vibe among homebuyers has been fairly bleak these past couple months. If buyers feel they are paying top dollar due to increasing mortgage rates, they want their new home to be in move-in-ready condition.

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Pre-approval Lending Inspection Land 422

Housing Wire

DECEMBER 20, 2021

In September 2020, he landed a job as a service advisor assistant for an auto repair shop. While the family’s income has been cut by almost half and inflation has increased their expenses, Wilen’s primary concern is his mortgage. “They’ve had a manageable budget due to mortgage forbearance. .

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Pre-approval Loans Mortgages Principal 410

Housing Wire

MAY 10, 2023

You may have heard the good news: In recent weeks, several mortgage and real estate brokerage execs have exclaimed that we may have already reached the bottom of the market. For prospective home buyers and sellers, that could mean a gradual decline in mortgage rates , which would unlock inventory and—dare I say—sales activity.

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Loan Officer Pre-approval Marketing New Construction 395

Keeping Current Matters

OCTOBER 28, 2020

Sam Khater, Chief Economist at Freddie Mac , emphasizes : “Mortgage rates today are on average more than a full percentage point lower than rates over the last five years.”. Competition among buyers is definitely increasing as more buyers enter the market and mortgage interest rates remain so low. Bottom Line.

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Pre-approval Land Mortgages As-is 305

Marco Santarelli

MARCH 13, 2025

As of March 2025, mortgage rates remain near a 3-month low , hovering around 6.65% for a 30-year fixed mortgage, according to Freddie Mac. Mortgage Rates Remain Near 3-Month Low: Should You Lock in Now? Mortgage rates are a bit like the weather they change constantly! Is Now the Right Time For You to Lock In?

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Mortgages Pre-approval Finance Closing costs 94

Housing Wire

OCTOBER 29, 2021

Until recently, mortgage servicing was more about cash-flow math than consumer experience. Now you can and must let your customers begin their home search on your platform, you see that activity and can therefore be their primary advisor — which includes a pre-approval.

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Pre-approval Loans Technology Land 397

Housing Wire

AUGUST 23, 2023

According to Garg, the company has developed a one-day mortgage product that provides a commitment letter within 24 hours. Better wants to sell this platform to other companies, becoming a “mortgage-as-a-service” company or a white-label provider of mortgage tech, Garg said. ” And what is Better.com best at?

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

Realty Biz

DECEMBER 10, 2020

Tips For Getting Preapproved For a Mortgage. It is effortless to start looking at homes that you will later find you can’t afford when you try to get approved for a mortgage. However, if you have a mortgage preapproval , you will know where you stand and be in a stronger position when making an offer.

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Loans Mortgages Pre-approval Pre-qualification 144

Housing Wire

DECEMBER 5, 2024

In addition to finding agents online, Zillows report indicates that 65% of pre-approved buyers used real estate websites or apps to explore financing options. A polished website or landing page is one way to make a good first impression. Be sure your contact information is front and center on every landing page and post.

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Agents Land Design Technology 366

Marco Santarelli

FEBRUARY 28, 2025

San Diego is indeed expected to be a competitive real estate market in 2025 , landing in the top 20 hottest markets according to a recent Zillow report. San Diego's Rise in the Ranks: A Closer Look San Diego jumped ten spots , landing at number 19 on Zillow's list of hottest markets for 2025. You might want to buckle up!

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Marketing Pre-approval Land Staging 92

Toronto Realty Blog

FEBRUARY 20, 2025

In order to build a condominium in Ontario, the developer will pre-sell units, that don’t yet exist, and when a certain threshold is met (ie. No, they can’t put a mortgage on it. ” Don’t even get me started about the price that was paid in pre-construction. ” But what happens in the interim?

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Development Purchase and sale agreement Pre-approval MLS 79

HomeLight

APRIL 4, 2025

Here are some common circumstances that impact local sellers: Relocation: Youve landed a job offer in another city , and selling your home is essential to facilitate a seamless transition into your new role. Buyers have the cash funds readily available to purchase your property, eliminating the need for lengthy mortgage approvals.

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Pre-approval Sales Lending Land 52

Realtor.com

OCTOBER 29, 2020

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.

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Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

Housing Wire

DECEMBER 7, 2023

After completing an approved course of study, you’ll be able to sit the state real estate exam. Colibri Real Estate is a state-approved real estate education provider with over 132 instructors experienced in Massachusetts real estate sales and teaching best practices.

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HR Pre-approval Brokerage Commercial 426

HomeLight

OCTOBER 22, 2021

It’s tough to say without a mortgage approval, but it always helps to start with a home affordability calculator. You may be wondering how affordability calculators work if you’re ready to get some numbers down on paper before showing up for a pre-qualification meeting with a lender. So, how much home can you afford?

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Pre-qualification Pre-approval VA loan FHA loan 111

Realtor.com

AUGUST 6, 2020

Even at the best of times, house hunting comes with lots of built-in stressors, from mortgage approvals to bidding wars and beyond. Don’t start house-hunting without mortgage pre-approval. In response, many banks and mortgage lenders have tightened their lending requirements.

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Pre-approval Agents Mortgages Lending 141

Realty Biz

DECEMBER 31, 2020

Many newbies flock to mortgage loan companies for assistance in combating unattainable real estate prices and down-payment charges only to find their sub-par credit score exempts them from loan benefits. For example, suppose your mortgage lender utilizes loan servicing software. Choosing an adjustable-rate mortgage.

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Mortgages Pre-approval Loans Lending 98

Marco Santarelli

SEPTEMBER 11, 2023

The cheapest way to buy land and build a house will vary depending on a number of factors, including the location of the land, the size and complexity of the house, and the materials used. This article is for anyone who is considering buying land and building a house. What Are the Benefits of Buying Land and Building a House?

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Land Pre-approval Construction Banks 52

Toronto Realty Blog

FEBRUARY 27, 2023

Thank you for taking us back to that place that we all thought we had left for good: pre-construction. about the pre-construction condo industry just as soon as this blog was launched back in 2007. Pre-construction “experts.” Blog reader Densha asked about pre-construction condo delays and it’s a good topic.

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Construction Pre-approval Purchase and sale agreement Development 97

HomeLight

AUGUST 31, 2021

Landing a low-interest loan with minimal fees. He swears it’s all thanks to the hard work of his mortgage broker. Next, before deciding on a mortgage broker vs lender, it’s important to understand the difference between the two and to weigh the advantages and disadvantages of working with each. What is a mortgage broker?

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Mortgages Closing costs Loans Banks 97

Toronto Realty Blog

MAY 27, 2024

In fact, as per the latest estimates from the Canada Mortgage and Housing Corporation , the most optimistic forecast is that homebuilders will be able to break ground on 232,267 homes by year’s end (the “pessimistic” scenario is that they’ll manage only 215,989). And when it comes to buying land , trust me, developers aren’t buying.

Land 115

Land Pre-approval Construction Development 115

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. It is a type of economic bubble that occurs periodically in local or global real estate markets , and it typically follows a land boom.

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Pre-approval Fixed-rate mortgage Lending Equity 98

Point2Homes

SEPTEMBER 30, 2021

The Buyer Is Not Pre-approved for a Loan. Although buyers are not required to be pre-approved for a loan in order to buy a house, expecting them to be is perfectly reasonable. As a seller, you will save valuable time when dealing with pre-approved buyers. The Buyer Is Asking for Cashback. Cash Purchases.

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Pre-approval Inspection contingency Proof of funds Due diligence 98

BAM Media

MAY 14, 2024

Some might land in the right hands, but most end up as litter, trampled underfoot, and eventually collected and tossed in a bin. Define common terms like pre-approval, closing costs, etc. Imagine throwing flyers from a helicopter. to help them feel more competent and in control of the process.

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Pre-approval VA loan Closing costs Loans 111

The Close

OCTOBER 13, 2020

We know—when you think of land grab and aggressive expansion of sovereign territory, you don’t think of Canada and Denmark. Less Than 500 People Own More Than 50% of the Land in Scotland. Much of Scotland’s privately held land belongs to a group of people small enough that they could all fit on a Boeing 747.

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Land Construction Pre-approval Closing 140

HomeLight

JANUARY 26, 2023

Seller financed mortgages accounted for just 6% of mortgages from 2009 to 2019. That’s where most homeowners send their mortgage payment every month. This may be because they just moved to the area, are going through a divorce, or the property type is difficult to get a mortgage for. Your lender has to approve, of course!

Finance 105

Finance Pre-approval Lending Loans 105

Marco Santarelli

OCTOBER 12, 2024

Several factors contribute to this: Maine's limited land availability , its desirable natural beauty , and a growing population of remote workers all drive up demand. Get pre-approved for a mortgage: Having your financing in place shows sellers you're a serious buyer, increasing your chances of a successful offer.

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Marketing Pre-approval Land Days on market 52

Realtor.com

DECEMBER 8, 2022

Mortgage rates were low, then soared to a 20-year high of 7.08% before dipping again. Can’t-miss tip: Many homebuyers pass over the importance of getting pre-approved for a mortgage before starting a house hunt. Of course, home shoppers still had to contend with high prices and soaring mortgage rates.

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Pre-approval New Construction Inspection Construction 126

HomeLight

AUGUST 3, 2023

Here are some common reasons that Hawaii homeowners might face: Job relocation: You’ve landed a new job on another island or the mainland and need to sell your house quickly to make the move smoother. In this scenario, the buyer is ready with the funds to purchase your home outright, bypassing the need for a mortgage approval.

Pre-approval 95

Pre-approval Sales Inspection Land 95

Marco Santarelli

SEPTEMBER 1, 2024

Interest Rates : Current mortgage rates are significantly impacting buying power and affordability. Recent updates show that mortgage rates in California are on the rise, hovering around 7% as of September 2024. Emerging Areas : Suburban locations like Vallejo, Benicia, and certain parts of San Jose offer more affordable options.

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Marketing Pre-approval Construction Renovation 98

Realty Biz

NOVEMBER 11, 2020

The Mortgage Financing Contingency. Even if the buyer has pre-approval for a mortgage, things can still go wrong when they apply for the loan. Perhaps, they have taken out a fresh loan, or their situation has changed in some other way since pre-approval. These appraisal tips will help.

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Backup offer Home sale contingency Sales Earnest money deposit 111

Redfin

APRIL 11, 2025

Cheap land is harder to come by, and buyer expectations have also evolved. Rising land costs, limited inventory, and changing buyer demographics all influence what qualifies as a starter home today. When you pay your mortgage each month, the payments go toward a tangible asset rather than a landlord.

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Marketing Land Equity Loans 35

Windemere Buying

MARCH 29, 2023

Tract homes make up new neighborhoods on land bought by the builder. There are four component parts of building a new construction home: land, labor, materials, and regulation. You’ll get pre-approved for a mortgage early on and form a saving strategy for how to make a down payment.

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New Construction Construction Pre-approval Land 87

HomeLight

JULY 7, 2023

Here are a few reasons why you might find yourself needing to sell your Georgia home fast: Relocating for a job: If you’ve landed a new job in a different city or state, you may need to sell your home quickly to ensure a smooth transition. The Simple Sale platform is designed to accommodate your schedule.

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Pre-approval Sales Inspection Design 94

Marco Santarelli

AUGUST 17, 2020

And Zillow helps you to find mortgage lenders, once you find a property you want to buy. Zillow Home Loans, Zillow’s affiliated lender, provides mortgage pre-approval and financing. Are there mechanics liens or a mortgage against the property? This real estate site includes real estate agents and mortgage brokers.

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Purchase and sale agreement Land Investor MLS 115