AmeriMac

MARCH 1, 2024

Private mortgage insurance (PMI) is often required when the down payment is less than 20% of the purchase price. PMI adds to your monthly payment and delays homeownership. This blog post explores private mortgage insurance, its impact on your mortgage, strategies to eliminate it, and the appraisal process.

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Appraisal Insurance Appraisal Process Mortgage 36

Will Springer Realtor

OCTOBER 17, 2023

Whether you’re looking in Belltown or Bellevue, Bothell or Burien, buyers need to save up a whole lot of money before seriously considering a first-time home purchase. There are programs established by state and local governments that provide buyers – mostly first-timers – with assistance to make a down payment or meet closing costs.

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Cornerstone

MAY 18, 2021

A significant number of people may also have extra savings from stimulus checks received in 2020 and 2021. If so, you may be looking at enough funds to cover some or all of your down payment. To help supplement your tax return, stimulus savings may be a sound option. Prequalify to find out how.

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Technology Investing Contracts Mortgage 54

Movoto

APRIL 24, 2024

If you have an unoccupied home, you should know how to rent out your house. On the surface, learning how to rent your house seems like an easy task: find reliable people and collect their rent payment around the same time every month. How Do You Calculate Fair Rental Value?

Tenants 36

Tenants Landlords Logistics Insurance 36

Quicken Loans

NOVEMBER 18, 2021

If you don’t have a large down payment, attractive loan options include 3% down conventional loans. Here’s everything you must know about these low down payment loans. What Is A 3% Down Conventional Loan (Conventional 97 Loan)? The Conventional 97 Loan is a 3% down payment option for any borrower.

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Insurance Buyers HOA Mortgage 64

Cornerstone

FEBRUARY 2, 2021

Buyers may know how much they can afford before they start attending showings and submitting offers on your house. So, you’re likely to see a greater return on your investment when you sell – turning a profit that can be put into savings or used for a new down payment. How much down payment will I need for a new house?

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Landlords Loan Officers Buyers Sellers 67

Cornerstone

FEBRUARY 9, 2021

You could put your equity gains (soaring to an impressive average of $17,000 ) from your current home toward a new down payment — securing more room if you’re working at home or have kids learning remotely. Take a closer look at how much it could cost you to wait. Purchase your first home.

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Mortgage Finance Marketing 55

Movoto

APRIL 12, 2024

If you’re thinking about buying a home , knowing the answer to the question of “how long does it take to buy a house?” In addition to establishing a reasonable home buying budget – feel free to use our mortgage payment calculator for help – knowing how long before you have keys in hand will help new home buyers better plan and prepare.

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Inspection Real Estate Agent Realtors Sellers 36

The Robert Weiler Company

APRIL 5, 2023

How to Find Warehouse Space in Columbus, Ohio As noted above, builders are trying to keep up with new demand for warehouse space in Columbus, Ohio and beyond. So, how can you find warehouse space for rent in Columbus, Ohio within this saturated marketplace? This is particularly the case in the major population centers.

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Landlords Tenants Logistics Real Estate 144

Quicken Loans

SEPTEMBER 21, 2021

At the end of the fixed period, the rate adjusts up or down based on an index added to a margin. However, there are caps and floors to how much a rate can go up or down at each adjustment. After each adjustment, your payment is reamortized, or recalculated, to pay off at the end of your term, usually 30 years on ARM loans.

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Insurance Mortgage Investors Clients 48

Will Springer Realtor

SEPTEMBER 5, 2023

It’s a creative way to trim mortgage payments in the early months of homeownership, an option that grew in popularity late in 2022 when interest rates more than doubled from the start of the year. The lender charges an upfront fee to buyers to “buy down” the interest rate for a set amount of time, usually two or three years.

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Mortgage Buyers Tools Sellers 62

Quicken Loans

APRIL 14, 2021

Depending on the situation, it could take you weeks to track down all the necessary paperwork and get it to your lender, only to be asked for more. To heighten the stakes, if you can’t get your documents submitted in a timely manner, it can seriously slow down the mortgage approval process.

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Mortgage Landlords Investing Legal 61

Will Springer Realtor

FEBRUARY 22, 2022

Older research showed that about half of all buyers choose the first lender they found even though interviewing two or more could save thousands of dollars in lower interest and fees. It allows you to understand what to expect through the process and, most importantly, how much home you can afford.

Mortgage 36

Mortgage Buyers Finance Real Estate 36

Will Springer Realtor

AUGUST 22, 2023

I wrote that same message in one of my first blog posts in 2018. How about your income – are you paid consistently at an amount that is within a reasonable range? How about your income – are you paid consistently at an amount that is within a reasonable range? and you don’t know where to begin. Some things never change!)

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Mortgage Government Buyers Finance 36

Quicken Loans

JANUARY 11, 2022

What is a VA loan, how does it work, and are you eligible to obtain one? You may be wondering, though: How does a VA loan work? A VA loan offers a number of advantages over traditional home mortgage products, including some of the lowest available interest rates and the ability to purchase or refinance a property with no down payment.

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Insurance Finance Design Mortgage 44

Raleigh Realty

FEBRUARY 19, 2022

You've found a home you love, put down an offer you're excited about, and the closing date is fast approaching. How Long Does an Appraisal Take? Appraisals 101: What to Expect From the Home Appraisal Process Wondering what to expect from your home appraisal? We have you covered. Now it's time for the home appraisal. Not a cent more.

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Appraisal Process Appraisal Construction Sellers 139

Quicken Loans

APRIL 14, 2021

The majority of loans include interest as payment to the lender for their services, and mortgages are no exception. But how exactly does your lender decide how much you should pay each month in interest? To understand that, you’ll first need to know how compound interest works. How Is Mortgage Interest Compounded?

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Quicken Loans

JUNE 21, 2021

It’s important to understand how both loan options work before deciding which one is right for you. Easy refinancing, more lenient qualifying credit criteria and low down payment requirements attract many people who may not otherwise qualify for a conventional loan. The Difference Between FHA And VA Loans. VA Loans.

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Insurance Government Mortgage Development 36

The Robert Weiler Company

SEPTEMBER 23, 2020

Property management saves time, money, and hassle. And, since you’ve landed on this blog post, you’re likely entertaining the idea of hiring a property manager. Ask yourself these questions as you consider your needs: How far is the commute to my rental property? Owning commercial property is a huge responsibility.

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Property Management Tenants Investing Legal 142

Appraisal Today

AUGUST 5, 2022

To read the full blog post, click here. The summary and Circular are in the blog post. My comments : The big push to cut down on appraisal turn times because of the appraisal shortage is Very Old News since mortgage volume has plummeted. To read more of this long blog post with many topics, click Read More Below!!

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Appraisal Valuation Contracts Modernization 59

Quicken Loans

JUNE 23, 2021

With so much to think about when you’re applying for a mortgage, it’s hard to give even a second’s thought to how you actually make those monthly payments once you begin your repayment of the loan. Read on to get the information you need so that you never have to think about the mechanics of your mortgage payments again.

Mortgage 43

Mortgage Property Taxes Insurance Technology 43

Will Springer Realtor

MARCH 21, 2023

I have written nearly 400 blog posts and dozens of monthly newsletters on residential real estate, and no topic is higher in priority than the one that covers the risks of losing money to criminals. As consumers seek more efficient experiences in the home-buying process, a growing number of transactions have migrated online.

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Real Estate Sellers Buyers Real Estate Agent 36

Quicken Loans

JULY 14, 2021

A refinance would save you more than $10,000 on that $16,000 worth of debt. While only a cash-out refinance will allow you to consolidate your debt, other forms of refinance can help you save money to pay down your debt. This places all the balances into one debt, so you’ll only have to make one monthly payment.

Mortgage 57

Mortgage Insurance Appraisal Government 57

Quicken Loans

SEPTEMBER 10, 2021

As in many areas of life, people often prefer certainty when it comes to their mortgage payment. However, there are certainly reasons to consider it, particularly if you’re refinancing to save money. So how do ARMs actually work? After that, the rate adjusts up or down based on an index added to a lender margin.

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Mortgage Finance Property Taxes Insurance 36

Listing Spark

AUGUST 17, 2023

The FHA has insured over nine million mortgages since 2009 , and as home prices have climbed higher than ever in the past three years, many prospective homeowners are turning to FHA loans due to the increased assistance and down payment requirements.

Investors 36

Investors Investing Buyers Real Estate 36

Quicken Loans

JUNE 22, 2021

In order to get preapproved for a mortgage , your mortgage lender will need to verify your income and asset information to determine how much home you can afford and the interest rate you’ll pay on the loan. This capability is determined by items you own that have value, like savings accounts, checking accounts, stocks, etc.

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Mortgage Finance Brokerage Insurance 38

Quicken Loans

DECEMBER 3, 2021

However, just because it’s popular doesn’t mean many service members understand how this exclusive benefit works. One of t he biggest advantages is the ability for veterans and service members to purchase a home with no money needed for a down payment. VA Loan FAQs. What are the advantages of a VA loan?

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Insurance Appraisal Mortgage Appraisal Process 62

Will Springer Realtor

MAY 23, 2023

An assumable mortgage allows homeowners to sell their property to a buyer who agrees to take legal responsibility for the sellers’ government-backed loan and pay it off according to the terms, including that deliciously low interest rate that can deliver long-term savings. Why is this option rarely discussed?

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Mortgage Sellers Buyers Government 36

Quicken Loans

NOVEMBER 22, 2021

based on factors like your down payment or equity amount, your service status and whether this is a first or subsequent use of a VA loan. It offers the chance to get into a home without a down payment and a one-time funding fee in place of mortgage insurance. VA home loans offer such advantages as: No down payments.

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Property Taxes Sellers Finance Insurance 60

Quicken Loans

JUNE 10, 2021

Immediately, the question arises: How do you start the process of getting a mortgage loan? How long does it take? The idea behind a preapproval is simple: Before checking out what’s on the market, you should be confident that you know how much a lender will loan you. So, you’ve decided you’d like to buy a home. Get Preapproved.

Mortgage 68

Mortgage Real Estate Agent Sellers Appraisal 68

Housing Wire

OCTOBER 22, 2023

Requirements to get your real estate license in Texas Getting your real estate license in Texas comes down to fulfilling your qualifying education requirement, applying for your license, getting your background check, taking and passing the exam, and finding a sponsoring brokerage. That’s a longer program than in most states.

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Real Estate Real Estate Agent Agents Brokerage 408

Lamacchia Realty

OCTOBER 25, 2023

PRICE ADJUSTMENTS AND THE 2023 MARKET In March 2022, it was clear that the market was changing from a frenzied post-pandemic scene to one where it was assumed that rising mortgage rates would slow it down and help inventory finally rise back up. The first quarter of 2023 had the lowest number of homes listed in recorded history.

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Bracketing Marketing Sellers Buyers 65

Raleigh Realty

AUGUST 19, 2022

It is not uncommon for millennials to move back in with their parents after college to save money and pay off part of their student loan debt. Millennial Homebuyers Millennial homebuyers are on the rise, and for good reason - interest rates are still historically low. However, research surprisingly points in the opposite direction.

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Real Estate Agent Real Estate Agents Buyers 78

Appraisal Today

NOVEMBER 25, 2022

Your attorney says to the MAI: How many house appraisals have you done this year? To read more of this long blog post with many topics, click Read More Below!! To read more of this long blog post with many topics, click Read More Below!! More Crazy Appraisal Stories! Eric VanderWaal. The neighbor left and we went inside….

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Appraisal Market Value Contracts Finance 52

Quicken Loans

NOVEMBER 17, 2021

In most cases, VA loans save home buyers money in the long run. Whether it’s to avoid a down payment, refinance the entire value of a home or simply have an easier time qualifying for a mortgage, those who have served should consider taking advantage of this benefit they’ve earned. How Does VA Home Loan Approval Work?

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Sellers Clients Mortgage Buyers 46

McKissock

AUGUST 11, 2020

So, how can you prevent these undesirable consequences? Learn how to avoid common violations in our top-rated CE course: That’s a Violation. A good workfile can save your metaphorical skin somewhere down the road if you have a complaint filed against you. In truth, USPAP is merely a set of minimum standards.

Appraisal 64

Appraisal Clients Real Estate Law 64

Lamacchia Realty

JUNE 21, 2022

In early March it was becoming clear that the market was changing from a frenzied post-pandemic scene to one where rising mortgage rates would slow it down and help inventory finally rise back up. For the past few years, with inventory at historically low levels , sellers were coming pretty close to naming their price and buyers were paying.

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Housing Market Bracketing Marketing Sellers 65