Housing Wire

AUGUST 6, 2021

Interest rates were at an all-time low last year, which is why the housing market saw such a spike. Refinancing means taking out a new mortgage loan and replacing it with your current one. With a lower interest rate, homeowners pay less in interest and can even shorten the length of their loan. Mortgage rates vary.

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Housing Wire

JUNE 24, 2021

Closing Complex Loans Faster With a Digitized Client Workflow. Join this webinar for a discussion on changes in market demographics, suppliers and how focusing on customer experience and taking a few simple steps during the mortgage loan process can close deals 3x faster.

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Housing Wire

APRIL 6, 2021

She received help from family members and was also able to take a loan out against her 401(k) to make up the difference. The gap between appraisal and what buyers are willing to pay in one of the wildest real estate markets in modern history has created friction between agents, lenders and appraisers working under stressful conditions.

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Housing Wire

OCTOBER 27, 2023

There are many factors to consider when selecting a title company, including local expertise, service standards, market conduct, and commitment to the community. Using Home Closing 101, consumers can contact local title agencies to compare rates and find a company that feels like the best fit for them.

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Housing Wire

MAY 17, 2023

Consumer loan demand was mixed, with home-equity and used auto loans showing some increased demand over the last few months,” the Federal Reserve Board of Governors noted. Another area to watch is the performance of loans approved through automated processes. Tappable home equity is expected to decrease to a forecasted $18.1

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Housing Wire

JUNE 22, 2021

Our FraudGuard alert-based solution uses natural intelligence gained from millions of loan applications and eventual outcomes to assist underwriters to note abnormalities in application data. For example, loans with the highest AI Score, usually about 10% of total application volume, account for 50% or more of total fraud risk.

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Title Title search Loans Mortgages 418

Housing Wire

SEPTEMBER 30, 2020

Since the pandemic hit, lenders have been shifting operational processes to meet the changing loan needs of their customers. Its solutions are customizable to help give clients an edge in today’s uncertain market. Altisource is here to help. That’s especially true now. INTEGRATED VALUATION SERVICES.

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Housing Wire

APRIL 1, 2021

In today’s low interest rate, high-volume market, lenders need a way to manage their mortgage volume while providing a consistent, high-quality customer experience. ServiceLink’s EXOS Title engine automates the title search, pulling available land records data together to create a complete property profile.

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Housing Wire

JUNE 11, 2021

A qualified appraiser will compare recent sales of similar local properties, market trends and conduct a visual inspection of the home’s interior and exterior to determine the property’s fair market value. Due to today’s booming housing market, the appraisal process may take anywhere from days to weeks to complete.

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Housing Wire

OCTOBER 29, 2021

We continually monitor volumes, market nuances and industry trends to ensure our products – and our staff – meet our clients’ needs. We’ve secured calendar availability from our notary panel at month-end, providing unrestricted closing capacity in many of our lenders’ top markets.

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Housing Wire

SEPTEMBER 1, 2022

However, while the title space has made tremendous strides in recent years, there is still a tremendous amount of “button mashing” being done. Typically, a title agency may receive a new order through any number of different channels. Most of it is happening “between” technologies and systems. A buyer or seller might phone it in.

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Housing Wire

OCTOBER 13, 2022

Prior to the advent and widespread use of title insurance, before taking title to a property, the buyer required that the title be free of any rights, interests, liens or encumbrances of others for which the buyer would be responsible for. An AOL is not going to cover the period of a 30-year loan,” Cain said. “As

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Housing Wire

MARCH 27, 2023

Fannie Mae reportedly moving beyond their mission and into the title insurance business raises significant alarm bells. Fannie Mae and Freddie Mac, which have been in conservatorship since 2008, have long required title insurance policies on loans they purchase from lenders.

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Title Title search Banks Land 321

Realty Biz

DECEMBER 8, 2022

Most people need to get help from a lender to buy a home, and applying for a loan can be difficult at times. With a good credit history and a score that's above 700, you will more easily qualify for a loan and benefit from better rates and terms. These costs can be as much as 5% of the loan amount. Build Your Credit.

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Loans Debt-to-income ratio Due diligence Title search 134

Marco Santarelli

DECEMBER 20, 2024

Here's the straightforward answer: The best time to refinance is when interest rates are lower than your current rate, or when your financial situation has improved, allowing you to secure a better loan term. This can add up significantly over the 30-year span of the loan. Now, lets dive deeper into understanding this process.

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Redfin

JANUARY 28, 2025

Assumable mortgages offer a unique alternative, allowing buyers to take over the sellers existing loan – potentially locking in a lower interest rate and saving money over time. From evaluating the loan terms to understanding the hidden costs, assuming a mortgage isn’t a decision to take lightly.

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Loans Mortgages VA loan Purchase and sale agreement 31

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).

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HomeLight

MARCH 24, 2025

Confirm the status of the mortgage You need to know whether there are any outstanding liens , such as a mortgage, home equity loan, or HELOC (line of credit) attached to the inherited house. This can be done through a title search , which will reveal any debts or claims against the property, including unpaid taxes.

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Purchase and sale agreement Title search Title Equity 52

Marco Santarelli

DECEMBER 29, 2024

The Federal Reserve's decision to lower interest rates earlier in the season has not translated into immediate reductions in mortgage rates, illustrating the complex relationship between federal rates and the mortgage market. This underscores the complexities surrounding mortgage rates and the challenges buyers face in todays market.

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RIS Media

APRIL 8, 2022

Homes that are listed as pending or sold are officially off the market. . Other factors can also put a home back on the market. Real Estate appraisals are usually completed when homes are bought via mortgage loans. Appraisals that are lower than expected may put a home back on the market. The title search reveals issues.

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Realty Biz

FEBRUARY 19, 2024

Next, we'll explore financing options and the specifics of land loans, a critical step in acquiring land. That could include personal use, but if you’re buying it as an investment, get clear on your exit and marketing strategies. I knew exactly what they’d be used for and by whom, and I targeted those people in my marketing.

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Land Due diligence Title search Finance 128

Realtor.com

NOVEMBER 28, 2022

While there are a variety of mortgages aimed at helping homebuyers afford a home—such as FHA loans and VA loans —one type that’s often overlooked are USDA loans, which offer excellent terms to those who qualify, including a 0% down payment and low interest rates. What is a USDA loan? Types of USDA loans.

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Loans Mortgages FHA loan Debt-to-income ratio 95

Realtor.com

NOVEMBER 28, 2022

when you get a mortgage loan or a credit card). When home buyers get a loan, they often obsess over the annual rate alone—say, that 5% extra you’ll pay every year for the life of your $300,000 loan. APR can also be considered the total cost for borrowing money over a one-year period. Interest rate vs. APR.

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Closing costs Title search Fixed-rate mortgage Loans 122

Realtor.com

JANUARY 14, 2021

Holding a title insurance policy means you and your mortgage lender are protected against any financial loss or title issues due to liens, disputes between prior owners over wills, clerical problems in courthouse documents, or fraudulent claims against the property or forged signatures. Why a title search is required with a mortgage.

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Title Title search Closing Mortgages 132

HomeLight

JULY 11, 2024

You need to know the outstanding balance, monthly payments, interest rate, and other existing loan terms. A title search will help determine what you need to address, and your next steps.

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HomeLight

JULY 31, 2020

Loan approval. For most buyers, financing a home through a bank or lender with a mortgage loan is necessary to purchase the property. Because the entire sale hinges on securing this loan, it is a top criteria for closing, and it’s also the most common reason for a delay in the closing process. Dodge move.

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HomeLight

NOVEMBER 15, 2024

When inheriting a property, you need to make sure you know if there are any liens like a mortgage or an equity loan that need to be paid,” Hillman says. Hillman says a title search will help to reveal the status of the property. The length of the probate process you experience will depend on the complexity of the estate.

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Pre-approval Title search Equity Title 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. You have a specified time period, as stated in the sales contract, during which you have to obtain a loan that will cover the mortgage. Clear the title. Review your closing disclosure.

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Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

HomeLight

AUGUST 20, 2021

Loan reconveyance fee. In other words, a loan reconveyance fee is what you pay to have the mortgage company remove their lien on your home. We’ll crunch transaction data like list to sale price ratio, average days on market, and client reviews to match you with three top-performing agents for your home sale. Attorney fees.

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Closing costs Closing Title search Title 111

HomeLight

MARCH 9, 2022

This step is commonly referred to as a title search , title review, or property history search — but by any name, it involves delving into the formal records of a home and the property on which it sits. A title search is very important. Let’s get started. Margaret Labus. Real Estate Agent. Margaret Labus.

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HomeLight

OCTOBER 30, 2020

Maybe you aren’t using a loan, but you can still run into cash flow issues. For example, let’s say the market crashes, and your 401(k) loses a huge amount of value overnight. The title isn’t clear. However important title searches are, they can reveal issues that delay closing.

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Redfin

FEBRUARY 20, 2025

In competitive markets, offering to cover some or all of the buyers agents fee may help attract more buyers. Closing fees and other administrative costs Closing fees are administrative costs related to the home sale and title transfer. Some loan types, like FHA and VA loans, limit seller contributions to 3%6% of the purchase price.

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HomeLight

NOVEMBER 9, 2021

You’re also responsible for paying off any home equity loans you may have taken out against your mortgage. Loan reconveyance fee . Title search. A title search ensures that the property has no liens, judgments or other claims from outside parties (or “encumbrances”) on it that would prohibit a sale.

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Closing costs Closing Title search Title 104

Realty Biz

AUGUST 12, 2023

Here are some key terms and their definitions: Mortgage : A loan specifically used to purchase real estate. Interest : The cost of borrowing money, expressed as a percentage of the loan amount. Fixed-Rate Mortgage : A mortgage in which the interest rate remains the same for the entire term of the loan.

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Purchase and sale agreement Mortgages Pre-approval Title search 97

Realty Biz

OCTOBER 12, 2021

Although the immediate attention of any buyer goes towards the financial aspects, like loans and credit history, it is instrumental to thoroughly understand how to verify the history of the house you intend to buy. Title Search. A title search is often a standard step in the home purchase process. Land Survey.

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Due diligence Title search Land Title 139

HomeLight

MARCH 2, 2023

With tips on everything from how to save for your down payment, specific loan programs for buyers, and what you should look for in an agent, we’ve got you covered. Typically, the higher your credit score, the lower your interest rate will be, which saves you money over the life of the loan. Loans are between 3%-3.5%

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HomeLight

OCTOBER 2, 2020

Mortgages are some of the most complicated loans that you can get, and they include a number of associated fees. Loan origination fees. The loan origination fees are often the largest set of fees you’ll pay on your loan. After they have approved your loan, some lenders may require you to pay a rate lock fee.

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