Housing Wire

JUNE 24, 2021

The new features not only answer what someone’s home is worth, it also presents estimates of how much equity the homeowners have, ideas and tips of what they can do with that equity, and how they can get pre-approved to tap into their equity.

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Housing Wire

AUGUST 23, 2023

For things like homeowner’s insurance , title insurance, and realtors, we’ve now just become a marketplace. The product allows customers to go online, get pre-approved, lock their rate and get a binding mortgage commitment letter from Better Mortgage within 24 hours. In January 2023, Better announced a One-Day Mortgage.

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Housing Wire

FEBRUARY 21, 2023

Lenders who are modernizing across the entire scope of the origination journey — digitizing processes from application and title through close and post-close — are building unprecedented momentum for their businesses. Streamlining operations Once a borrower is approved for a mortgage loan, the process should run like clockwork.

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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.

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Housing Wire

NOVEMBER 8, 2021

Often times I’ll come in on a Monday and I’ll have emails saying that clients put offers in on homes and had them accepted even though we didn’t write up a pre-approval level,” Naumovych said. Other requirements for the transaction, like title insurance, are the same as for all other transactions, so it really isn’t a big deal.”.

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VA loan Agents Pre-approval Debt-to-income ratio 418

Housing Wire

AUGUST 7, 2020

Three independent wholesale brokers discuss how they found success in the wholesale channel during a HousingWire webinar on Thursday titled: ”Taking the Mortgage Boom to the Next Level.”. In today’s low-rate environment, wholesale mortgage lending continues to grow, making up more than 20% market share.

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BAM Media

MARCH 10, 2025

The deal, expected to close in Q2 or Q3 2025, will integrate Redfins 50 million monthly visitors with Rockets mortgage and title services to streamline homebuying. The deal is expected to close in the second or third quarter of 2025, pending shareholder and regulatory approvals. billion all-stock deal.

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Housing Wire

DECEMBER 29, 2023

With so many approved, online options to choose from, we’ve pinpointed the best online real estate courses in New York using criteria that matter most to you: flexibility to fit your schedule, a price that fits your budget, and a course that’ll prepare you to ace the exam and start your new career with confidence and industry savvy.

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Pre-approval Agents Development Technology 448

Housing Wire

NOVEMBER 30, 2023

A state-approved real estate school in Illinois, the CE Shop is constantly updating its course material to stay on top of industry changes. Visit Website Overview According to Net Real Estate School, it offers the lowest priced state-approved education in Illinois. What’s more, students have a higher than average pass rate of 64%.

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HR Pre-approval Design As-is 448

Housing Wire

DECEMBER 8, 2023

We’ve reviewed all the key information to determine the best Arizona real estate schools to help you get licensed quickly and efficiently with a state-approved, online program at an Arizona real estate school. Course Options See Details Pricing AceableAgent’s prelicensing classes are ADRE-approved 90-hour real estate courses.

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HR Purchase and sale agreement Pre-approval Staging 434

Housing Wire

AUGUST 23, 2023

“For things like homeowner’s insurance , title insurance, and realtors, we’ve now just become a marketplace. Flávia Nunes: Better took nearly two years to go public, with Aurora’s shareholders’ merger approval extended three times. ” And what is Better.com best at? The machine has to do all of them.

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

Housing Wire

DECEMBER 6, 2022

He said it was way easier than he expected and the title officer said, ‘Well you had the ‘Dream Team’ working for you,’” Summers said. Even if it is 9 at night, he’ll find a way to get me a pre-approval letter,” she said.

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Loan Officer Pre-approval Loans Agents 370

Housing Wire

AUGUST 29, 2022

On top of competitive rates, getting approved for a mortgage has to be an easy and quick closing process for the customer, said Kevin Leibowitz, CEO of brokerage Grayton Mortgage. Using artificial intelligence, Bolt allows brokers to do a pre-underwrite, which an underwriter looks at within four hours or so, according to Hussam. “I

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Loans Loan Officer Equity Mortgages 435

Realtor.com

OCTOBER 29, 2020

Financing contingency: This contingency gives you the right to back out of the deal if your mortgage approval falls through. Clear the title. When you buy a home, you “ take title ” to the property and establish legal ownership—a process that’s confirmed by local public land records. Get final mortgage approval.

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Realty Biz

FEBRUARY 11, 2023

Applying for a car title loan online can be simple and convenient, but there are certain documents you need to submit before obtaining approval. Unfortunately, you need the car and title registered under your name to qualify for funding. What Documents and Requirements Are Necessary for a Title Loan?

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Title Loans Pre-approval Equity 69

Point2Homes

DECEMBER 7, 2020

Getting Pre-Approved. It’s always advisable to get pre-approved for a mortgage in any home purchase so you can make sure that you can actually get the loan that you believe your income justifies. Moreover, applying for pre-approval will ensure that you’re not wasting your time looking at homes that are over your budget.

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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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Realty Biz

DECEMBER 10, 2020

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. When you actually try to get approval for a loan, you might find you don’t get the amount you anticipate if you have only been prequalified. Comparing a Mortgage Preapproval to Full Approval.

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Lighter Side of Real Estate

AUGUST 5, 2020

Ask an agent to go see houses before getting pre-approved. There’s no greater let down than finding a house you love, and finding out you can’t be approved for a mortgage in the price range of that house. Besides, many sellers and their agents won’t even consider your offer if you don’t include a pre-approval letter.

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HomeLight

AUGUST 11, 2022

One partner can come home and say, ‘hey we bought a house today,’ but on the flip side, if a partner says, ‘hey I sold our house today’ that usually won’t work to convey title appropriately. In these examples, the way that the owners held title, and the marital property laws of the state are important considerations. Jennifer and.

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Redfin

MARCH 4, 2025

Step 1: Get pre-approved If you’re buying with a loan, include a pre-approval letter with your offer. A mortgage pre-approval can also reassure the letter that your financing is likely to be approved during closing. In a competitive situation, you can ask to do a pre-inspection of the home.

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HomeLight

JANUARY 12, 2022

And in some scenarios, the seller won’t be required to attend in-person if they pre-sign the deed and other documents. Clear title: 15-30 days. Donaldson estimates a two- to four-week wait to receive a title report or abstract of title after the contract of sale is fully signed, depending on the location.

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RIS Media

APRIL 8, 2022

While financing may be pre-approved, the process is complex. The title search reveals issues. Whenever you’re purchasing real estate, a title search is one of the standard boxes that must be checked. The title needs to be clean. The clause is referred to as a home sale contingency. .

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RIS Media

APRIL 18, 2022

Get pre-approved for a mortgage. Before making an offer on a property, it’s important to have pre-approval for a mortgage. Your agent can help you get pre-approved for a mortgage in the current market. Check the property’s title and deed records for any unusual history.

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HomeLight

SEPTEMBER 14, 2023

Thankfully, your agent, mortgage lender, and the title company will collect and monitor much of the paperwork. Proof of income and assets When you apply for a mortgage pre-approval with a lender, you’ll need to show them proof of income. It takes a staggering amount of paperwork to buy a house. Get Started 1.

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RIS Media

SEPTEMBER 21, 2020

Approved for short sale : A term that indicates that a bank has approved a homeowner for a reduced listing price on a home, and said home is ready for resale. Fees may include the appraisal, the home inspection, a title search, a pest inspection and more. The document includes loan terms, monthly payment and closing costs.

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HomeLight

NOVEMBER 15, 2024

Review any existing estate plans “So much with estates is about pre-planning on inherited property,” Hillman says. Hillman says a title search will help to reveal the status of the property. Here are the steps to selling an inherited property in North Carolina: 1. A trust can also make it easier for you to sell the home right away.

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HomeLight

FEBRUARY 12, 2021

As a seller, you’re usually not taking on additional risk by accepting an offer from a buyer pre-approved for an FHA loan than you would with a buyer pre-approved for a conventional loan. Defective paint surfaces in homes constructed pre-1978. of all mortgage originations. A leaking or worn out roof.

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Realtor.com

FEBRUARY 28, 2021

Although there are factors when competing with other buyers that are beyond your control, there is one step that will give you an edge: Start your home search process by getting a Verified Approval Letter (VAL), an underwritten offer that shows sellers your financing is verified. Any extra certainty helps.

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Redfin

MARCH 4, 2025

If the auction accepts financing, make sure you have a pre-approval ready. Lenders will typically clear the title and vacate the property before selling it to you. Short sales A short sale is not the same as a foreclosure or a pre-foreclosure. The homeowners lender must agree to the short sale and approve your offer.

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Windemere Buying

APRIL 12, 2023

After identifying which lender you’d like to work with, a helpful first step is to get pre-approved for a mortgage by submitting financial information for their review. Titles and deeds have very specific language that makes the transfer of ownership official. Home Inspector The home inspection is key to the home buying process.

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HomeLight

DECEMBER 27, 2023

Once you close on the house, you’ll contact your lender again for your exact take-home pay (accounting for any changes in the months between pre-list and close) and use your home sale proceeds to pay off that debt. According to the CFPB, your lender must provide your payoff amount to you, so don’t be shy about asking for it.

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The Close

NOVEMBER 12, 2024

When considering how to buy land, pay for a title examination and get title insurance through a title or escrow company or real estate lawyer. Title insurance protects your interest in the property in a dispute. Unrecorded claims can pop up out of nowhere, but in the end, they need to be backed up with proof.

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HomeLight

AUGUST 31, 2021

The exact steps vary from state to state, but let’s take a general look : Pre-foreclosure: As the name implies, a pre-foreclosure isn’t in foreclosure yet, but it’s on the way there. Usually, a home goes into pre-foreclosure after several consecutive months of missed mortgage payments, and the lender issues a notice of default.

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HomeLight

JULY 31, 2020

Loan approval. In fact, buyers should go one step further (if they can) and get pre-underwritten for a loan , which offers even more security for both buyers and sellers. Problems with the title. Additional remediation required by the title company may take more time beyond the closing date, causing a contract extension.

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Realty Biz

JUNE 7, 2021

Reviewing the title for liens and other encumbrances. Title Issues: The seller must clear the house title from any liens, bankruptcies, judgments, and other outstanding issues. Hiring a real estate attorney is advisable to help in working out the title issue, and it will have a direct bearing on how long to close on a house.

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RIS Media

MAY 19, 2021

– Closing/escrow/settlement fee, title insurance, notary fee, recording fee, pest inspection, home inspection, home warranty. For borrower assistance, see REeBroker Group Pre-Approval. Non-Recurring Costs Not Associated With the Lender. We are here for you and your clients.

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