Remove Document Remove Insurance Remove Loan Officers Remove Renovations
article thumbnail

How 2020 exposed a greater need for collaboration between real estate agents and LOs

Housing Wire

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors in all things related to mortgage, insurance, moving, renovating and new home transitioning.

article thumbnail

Financial Resources and Information for Veterans Buying a Home

Raleigh Realty

Gathering Important Documents In addition to financial information, you should gather documents necessary for buying a home. All of these documents combine to show lenders that you are qualified for a loan — veteran-specific or otherwise. If needed, assistance is available to obtain the correct documents.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

FHA Loans – Credit Score Requirements and More

PennyMac

This is not true — the FHA does not issue loans directly to homebuyers. Instead, they insure loans offered by private lenders. If that happens, HUD will pay off the loan to the lender and take ownership of the home. Loan limits are established by the FHA and can vary by county. Mortgage Insurance.

article thumbnail

Does Refinancing Affect Your Taxes?

Assurance Financial

Refinancing could potentially lower your monthly payments , allow you to consolidate debt, speed up the payoff process for your mortgage, eliminate your private mortgage insurance (PMI) and put more cash in your pocket. This will help you remember how much money you spent and when you performed the renovations.

article thumbnail

The Mortgage Loan Process: How To Get A Mortgage In 9 Steps

Quicken Loans

You’ll also be matched up with a preliminary loan program, although this could change later in the process. Prepare Your Documents. Keep in mind that you won’t need all of this documentation to get your loan preapproved. Let’s break down the documents you should prepare for your mortgage application.

article thumbnail

All You Need to Know About Reverse Mortgage Appraisals

AmeriMac

The reverse mortgage process typically begins with a borrower contacting a loan officer who specializes in reverse mortgages. The loan officer will assess the homeowner’s eligibility and explain the details of the loan, including the potential loan amount and repayment terms.

article thumbnail

The REO Guide: 10 Steps to Buying a Bank-Owned Home

PennyMac

Some homebuyers are intimidated by foreclosed and bank-owned homes because they often require more renovations — and a different type of negotiation — than other options on the market. If necessary repairs are well-documented, you can use that documentation to make your case for a low offer. Step 6: Make an Offer.