HomeLight

JUNE 19, 2023

If you’re gearing up to buy a home, you might be confused by some of the mortgage terminology you encounter. Like pre-qualification or pre-approval. Let’s lay it all out: How pre-qualifications and pre-approvals are similar Pre-qualifications and pre-approvals have a few things in common.

Pre-qualification 97

Pre-qualification Pre-approval Mortgages Loans 97

Realty Biz

AUGUST 20, 2023

Mortgage pre-approval is an essential step when buying a house. During pre-approval, lenders carefully evaluate your financial information, including income, assets, credit history, and other relevant details. How long it takes for lenders to give mortgage pre-approval can vary from a day to a week.

Pre-approval 94

Pre-approval Debt-to-income ratio Mortgages Loans 94

HomeLight

OCTOBER 28, 2024

This is directly connected to what you’ll walk away with after covering your mortgage balance and other obligations tied to your home, including selling costs. This means you’ll likely need to invest both time and money into cleaning, repairs, and even staging. Learn more: Pre Approval vs Pre Qualified vs Underwritten Pre Approval 6.

Pre-approval 110

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

Windemere Selling

MARCH 3, 2025

Youll have time to ensure the facts are correct and be able to dispute mistakes before your mortgage lender checks your credit. Pre-approval lets sellers know youre serious. Most importantly, pre-approval will help you determine exactly how much you can comfortably afford to spend. #3 Why all three?

Pre-approval 59

Pre-approval Inspection Closing costs Agents 59

Realtor.com

AUGUST 13, 2020

Step 1: Getting mortgage pre-approval. If problems crop up—with the home inspection, appraisal, mortgage, or other things—then the real estate buying process could take even longer. Step 1: Get pre-approved for a mortgage. kali9 / Getty Images Table of contents: . Step 2: Finding the right home.

Pre-approval 143

Pre-approval Pre-qualification Due diligence Loans 143

Housing Wire

APRIL 18, 2023

In a cyclical mortgage industry, hedging is key to maintaining a buffer against losses. Since launching as a call center in 2003, the California lender has expanded into the outside distributed retail model with a target on the purchase mortgage market, serviced its own loans and developed its tech stack in-house.

Loan Officer 370

Loan Officer Loans Pre-approval Mortgages 370

Housing Wire

JANUARY 29, 2024

You’ll need to complete a 120-hour approved course and sit the state licensing exam to become a real estate agent in Utah. Final Exam: In order to fulfill your approved 120 hours of Utah real estate exam prelicensing education, you must take and pass the course final exam. Ready to launch your real estate career in Utah?

Pre-approval 448

Pre-approval Agents As-is Industrial 448

Redfin

JUNE 23, 2023

When it comes to buying a home, obtaining a mortgage pre-approval is an essential step in the process. A mortgage pre-approval provides you with a clear idea of your budget, helps you narrow down your home search, and makes you a serious contender in the eyes of sellers. What is a mortgage pre-approval?

Pre-approval 62

Pre-approval Mortgages Loan Officer Loans 62

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.

Loans 144

Loans Mortgages Pre-approval Pre-qualification 144

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. out of 5 stars Rating: 5 out of 5. out of 5 stars Rating: 4.5

HR 435

HR Pre-approval Brokerage Commercial 435

Marco Santarelli

FEBRUARY 28, 2025

Here's my take on how this might impact buyers and sellers in San Diego: For Buyers: Be Prepared: Get pre-approved for a mortgage, have your finances in order, and be ready to make a competitive offer. Stage Your Home: Staging your home can help potential buyers visualize themselves living there and increase its appeal.

Marketing 92

Marketing Pre-approval Land Staging 92

Lighter Side of Real Estate

NOVEMBER 20, 2024

You can browse listings from your couch, get pre-approved for a mortgage, and even apply for mortgages with a few taps right online, all without speaking to a single person. However, when borrowers work directly with local mortgage professionals, satisfaction scores jump by 40 points. It’s not just a transaction.

Pre-approval 107

Pre-approval Pre-qualification Mortgages Banks 107

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. Offer helpful tools like mortgage calculators on your website, first-time buyer guides, or tips on prepping a home for sale. So, whats driving this shift?

Agents 370

Agents Land Design Technology 370

Marco Santarelli

JANUARY 22, 2025

Here are some tips that I feel are crucial: For Buyers: Get Pre-Approved: Know your budget and get pre-approved for a mortgage before you start looking. Consider staging for maximum appeal. This makes you a serious buyer in a competitive market.

New Construction 98

New Construction Construction Pre-approval Design 98

Point2Homes

DECEMBER 7, 2020

If your ability to afford the mortgage payments on the home you want to buy is causing you concern, buying a foreclosure home may make a lot of sense. If a homeowner fails to keep up with their mortgage payments, the lender can begin foreclosure proceedings, and the sale of foreclosed homes can sometimes be a bargain to home buyers.

Debt-to-income ratio 118

Debt-to-income ratio Pre-approval Inspection Inspection contingency 118

RIS Media

OCTOBER 29, 2020

You should budget for somewhere between 2 percent and 5 percent of the mortgage amount. A lot hinges on your credit score as it determines the mortgage you will be offered and the interest rate you will have to pay for the loan. There are a few things you should do before applying for a mortgage to help. Choosing a Mortgage.

Pre-approval 140

Pre-approval FHA loan Inspection Closing costs 140

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.

Closing 139

Closing Earnest money deposit Inspection contingency Purchase and sale agreement 139

HomeLight

SEPTEMBER 23, 2024

Read on for details about the different stages of the foreclosure process (including the possibility of snagging a great deal during the pre-foreclosure stage , or after a home has failed at auction), how to find local foreclosure auctions, and what to do so that you’re prepared when you attend.

Pre-approval 85

Pre-approval Short sale Staging Banks 85

BAM Media

MARCH 6, 2025

BAM Key Details: New data from Clever Real Estate shows 91% of homeowners are delaying selling their homes in 2025, with 63% pointing to high mortgage rates as a top reason to stay put. From sky-high mortgage rates to the sheer headache of packing, sellers are putting off moves even if they want (or need) to make a change.

Agents 69

Agents Pre-approval Inspection Mortgages 69

First Team Real Estate

SEPTEMBER 14, 2020

There are many stages to the transaction from securing financing and negotiating prices to closing the sale – leaving plenty of time for mistakes to happen. Skipping Pre-Approval. It would be a major mistake to skip the pre-approval for your mortgage loan. Not Researching the Neighborhood.

Pre-approval 98

Pre-approval Inspection Finance Staging 98

Realtor.com

JANUARY 4, 2023

And mortgage interest rates remain uncomfortably high, in the mid-6% range at last count for 30-year fixed-rate loans. Even if prices fall, those higher rates will inflate monthly mortgage payments substantially. And they’re all in different stages of their lives. Those desires don’t fluctuate like mortgage rates.

Inspection contingency 133

Inspection contingency Pre-approval Mortgages Inspection 133

Marco Santarelli

JUNE 3, 2024

This generation is larger than both Generation X and the Baby Boomers, and they're reaching the stage in life where they're ready to settle down and establish roots. You'll need to have your finances in order, with a strong down payment and pre-approval for a mortgage. Millennials, the largest generation in U.S.

Pre-approval 105

Pre-approval Construction Mortgages Staging 105

RIS Media

APRIL 8, 2022

Real estate listings go through different stages. While financing may be pre-approved, the process is complex. Real Estate appraisals are usually completed when homes are bought via mortgage loans. Most homebuyers can’t afford to carry two mortgages simultaneously. Contingent meaning. Low appraisal.

Debt-to-income ratio 144

Debt-to-income ratio Title search Backup offer Home sale contingency 144

RIS Media

APRIL 11, 2022

Help with lending pre-approval. To help make the process as seamless as possible, connect your client with a lender and secure mortgage pre-approval before flipping through hundreds of listings. This will guide your property search within the bounds of their budget and home-buying goals.

Pre-approval 98

Pre-approval Inspection Lending Staging 98

McKissock

JANUARY 31, 2021

Ensure Your Lender Does a Credit Approval for Your Clients. Often, lenders do a pre-qualification that is strictly based on the information that the client gives the lender. When this happens, the lender will give an approved amount, and then you begin shopping. Then your client has an accepted offer on their forever home.

Debt-to-income ratio 95

Debt-to-income ratio Pre-approval Pre-qualification Loans 95

Redfin

MARCH 7, 2025

She adds, “Near-record house prices and elevated mortgage rates have scared off buyers for years, and those who are still in the market are generally well prepared and understand that they have options. For example, high mortgage rates or economic uncertainty can lower buyer demand, affecting how much theyre willing to pay.

Sales 59

Sales Purchase and sale agreement Pre-approval Agents 59

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.

Backup offer 111

Backup offer Home sale contingency Sales Earnest money deposit 111

Marco Santarelli

FEBRUARY 17, 2025

Mortgage Rate Lock-In: This is a nationwide issue, but it's exacerbating the problem in Buffalo. People who locked in super-low mortgage rates before the recent hikes are hesitant to sell, further restricting the existing home supply. Tips for Buyers in a Hot Market: Get Pre-Approved: Knowing exactly how much you can afford is crucial.

Marketing 52

Marketing Construction New Construction Pre-approval 52

HomeLight

JANUARY 5, 2022

Now you can skip the part where you stage, show, and market the house, which makes you want to do a little happy dance. They help clients save money by representing both sides and a pre-arranged discount.”. Don’t: Be lenient on the pre-approval step. If you ever decide to sell, please let me know.”.

Pre-approval 111

Pre-approval Purchase and sale agreement Title search Title 111

Redfin

MARCH 4, 2025

All mortgages place a lien on the property in the event that a lender needs to take ownership of the home. If the auction accepts financing, make sure you have a pre-approval ready. Government-owned properties Some mortgages are government-backed, like VA loans and FHA loans. What is foreclosure?

Pre-approval 31

Pre-approval FHA loan Short sale Banks 31

HomeLight

DECEMBER 8, 2023

These loans are generally short-term and, admittedly, can be more costly than traditional mortgages. The bridge loan provider: Often, the same lender who is handling the mortgage for your new home will also provide your bridge loan. However, their real advantage lies in their convenience and speed. More on loan costs below.)

Equity 111

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

HomeLight

OCTOBER 20, 2022

Many FSBO sellers will purchase a pre-listing appraisal. The buyer’s lender will probably require their own appraisal as part of their loan approval process. Mortgage statement with payoff amount. Pre-inspection. A HomeLight survey of top agents revealed that 67% report that staged homes sell for 1% to 10% more.

Purchase and sale agreement 111

Purchase and sale agreement Pre-approval Inspection Title 111

Marco Santarelli

JUNE 10, 2024

The housing market has been a whirlwind in recent years , with skyrocketing prices, bidding wars, and historically low mortgage rates. With overall inventory still significantly below pre-pandemic levels, a true market balance may be a ways off. Mortgage Rates: A Potential Turning Point?

Pre-approval 98

Pre-approval Marketing Mortgages Technology 98

Lighter Side of Real Estate

MAY 1, 2024

After going through all of the stages of thinking, planning, and prepping it takes to get your house (and yourself) ready to be listed for sale, it’s natural to be excited about all of the buyers and offers you expect to see once your house officially hits the market. They don’t have a pre-approval.

Sales 116

Sales Pre-approval Agents As-is 116

Easy Agent Pro

SEPTEMBER 3, 2020

This means pricing the home appropriately out of the gate, sprucing up the exterior, staging, etc. Getting pre-approved for a mortgage before shopping for a home is even more important when someone chooses autumn to shop for a home. The earlier their home hits the market, the better. Keep the rake handy.

Marketing 115

Marketing Pre-approval MLS Title 115

HomeLight

JANUARY 12, 2022

According to the loan software firm ICE Mortgage Technology, it took 50 days on average to close on a purchase loan for a house, as of Q3 2021. Source: Ice Mortgage Technologies , Data for Sept. The buyer will sign the brunt of the paperwork, especially if they are securing a mortgage. Mortgage underwriting: 30-60 days.

Closing 116

Closing Purchase and sale agreement Pre-approval Inspection 116

HomeLight

JANUARY 31, 2022

Tip 1: Get pre-approved for a mortgage first. The best way to know for certain what you can afford is to get pre-approved for a mortgage. Begin by knowing the difference between pre-approval and pre-qualification , and look at your loan options. Source: ( Marsiglio / Unsplash).

Pre-approval 115

Pre-approval Pre-qualification MLS Agents 115