Housing Wire

FEBRUARY 15, 2024

They’re using a DPA program through the New Jersey Housing and Mortgage Finance Agency (NJHMFA). They made good money, but with student loans and car payments, they didn’t have the money for the down payment and closing costs,” Saller said. They come in the forms of grants, second mortgages, deferred loans and forgivable loans.

Mortgage 446

Mortgage Buyers Loan Officers Sellers 446

Housing Wire

NOVEMBER 7, 2023

Offer them solutions to get a better-than-average mortgage rate. You don’t have to know as much as your competent mortgage lender does, but you should be able to competently discuss options, such as rate buy-downs, adjustable-rate mortgages and how to pay points to lock in a lower rate on a 30-year fixed mortgage.

Clients 427

Clients Buyers Real Estate Agent Real Estate 427

Realtor

SEPTEMBER 13, 2023

The loan officer writes an appeal using the new comparables and then sends it to the appraiser. Order a second appraisal “Most often, if the appraised value is not as high as the agreed (contract) price, the seller’s agent will ask to see the comps and get a second or third appraisal,” Saatchi says.

Appraisal 193

Appraisal Sellers Real Estate Agent Valuation 193

Housing Wire

DECEMBER 27, 2022

The first half of the year, with mortgage rates in the 3s and 4s, was like “Fast and Furious.” The number of home listings dried up , contracts were canceled , the few buyers still out there demanded concessions , mortgage rates spiked to 7% and homebuilder sentiment hit rock bottom. over asking price.

Housing Market 525

Housing Market Marketing Real Estate Agent Real Estate 525

Housing Wire

APRIL 13, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and home sellers while also playing an expanding role as personal advisors. Presented by: Propertybase. ” Redfin also looked at specific markets when studying midweek sales.

Sellers 407

Sellers Buyers Real Estate Agent Real Estate 407

Realtor

OCTOBER 16, 2023

“Doing your due diligence can help you avoid some of the most common rookie mistakes, so you come out not only with the home of your dreams, but also a mortgage you can afford.” Here are some common blunders homebuyers make when attempting to secure a mortgage.

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

Appraisal Buzz

MAY 17, 2021

During the 2007-10 mortgage default meltdown, appraisals were a target of complaints and allegations by lenders, the GSEs, some state appraisal boards, and a few unscrupulous entrepreneurs. As appraisers, we faced tremendous pressure from buyers, sellers, real estate agents, and loan officers during the previous run-up.

Appraisal 418

Appraisal Clients Real Estate Sellers 418

Cleveland Appraisal Blog

OCTOBER 14, 2021

On many of my appraisals at that time, my opinion of value would not support the contract price. Don’t drink the Kool-Aid that any contract price is reflective of market value. I remember loan officers telling me that I needed to be “creative” with my appraisals. (See TODAY’S RISING HOME PRICES.

Inventory 243

Inventory Market Value Appraisal Contracts 243

PennyMac

MARCH 4, 2024

If you’re like most people embarking on a home-buying journey, one of your first steps will be finding a mortgage lender. There’s a lot to consider when it comes to choosing the right one — everything from interest rates, loan types and fees to service and experience. Mortgage brokers. Direct lenders.

Loan Officers 65

Loan Officers Insurance Mortgage Sellers 65

Miller Samuel

FEBRUARY 12, 2019

When Jeff and Marie asked me to be formally interviewed for their blog " The Apple Peeled " I was happy to do so, especially because I could veer off the road into issues about the current mortgage and appraisal process. Meanwhile, sellers are anchored to another market completely, he said. In 2018 the discount was 5.2%.

Marketing 221

Marketing Real Estate Appraisal Sellers 221

PennyMac

JANUARY 2, 2024

You’ll need to understand the mortgage process, including if and when you should apply for a rate lock. Let’s explore what a mortgage rate lock is, how it can protect you from fluctuating interest rates and how Pennymac’s mortgage rate lock program offers added benefits to homebuyers. What Is a Mortgage Rate Lock?

Mortgage 36

Mortgage Contracts Loan Officers Marketing 36

Assurance Financial

DECEMBER 20, 2021

There are many factors to consider when selling a home, and you may be wondering what happens to your mortgage when you move. After all, the 2018 American Community Survey found that the median length of time homeowners stayed in their homes was 13 years, a shorter length of time than most mortgage terms.

Mortgage 74

Mortgage Sellers Buyers Finance 74

Eppraisal

APRIL 20, 2021

It's a sizzling, fast-paced seller's real estate market right now. Have Your Financing in Order If you're in the market to buy a home in the near future, the most important item on your agenda is to have proof that you have enough cash for the purchase or are pre-approved for a mortgage. The stronger you are financially, the better.

Sellers 66

Sellers Loan Officers Inventory Home Value 66

Cornerstone

JULY 1, 2021

Sellers who list may find a golden opportunity: Right now, you’re likely to sell your house quicker and at a better price. This summer, sellers benefit from the fact that mortgage rates still hover around the rock-bottom lows seen during last year’s COVID crisis. This is a major advantage when selling your house.

Sellers 61

Sellers Buyers Real Estate Agent Inventory 61

McKissock

JANUARY 18, 2022

Dale Schaechterle, the founding partner and CEO at Realty Executives Integrity , shares with Forbes that the services of a good real estate agent are essential for a first-time home buyer given the complicated network of mortgage rates and tax laws that they will have to navigate. Answer Questions.

Real Estate Agent 96

Real Estate Agent Real Estate Agents Buyers 96

Housing Wire

MAY 31, 2022

Mortgage lenders and real estate investment firms this month entered tight housing markets in the Midwest and the Northwest to better reach prospective homebuyers, despite a challenging mortgage market. While many lenders laid off some of their staff to cut costs, others continue opening offices to capitalize on demand from homebuyers.

Mortgage 383

Mortgage Construction Lending Real Estate 383

Housing Wire

JULY 19, 2023

The dour housing market over the past 18 months has thrust struggling independent mortgage lenders (IMBs) into what seems like a pot of water that is coming slowly to a boil. Repurchase requests are prompted after GSE quality-review teams uncover underwriting errors in mortgages purchased by the agencies. “It

Mortgage 370

Mortgage Marketing Buyers Lending 370

Genworth MI Blog

AUGUST 31, 2022

Similarly, buyers began waiving inspection contract contingencies, which give the buyer options for negotiating remedies or price with the seller if the inspection reveals major issues. Source: David Foster is a senior real estate appraiser at Enact Mortgage Insurance. Never miss a post by subscribing to the Enact MI Blog!

Inspection 78

Inspection Appraisal Marketing Appraisal Process 78

Birmingham Appraisal

SEPTEMBER 15, 2022

What is a Mortgage Appraisal? A mortgage appraisal is an appraisal that is done for mortgage lending purposes. Lenders, including banks and mortgage companies, require an appraisal to justify the loan they are making. Other users might be sellers, mortgage underwriting, banks, and contractors.

Appraisal 90

Appraisal Inspection Appraisal Process Real Estate Agent 90

PennyMac

OCTOBER 12, 2022

For most homebuyers, this includes securing a home loan. As you prepare to purchase a mortgage, one of your first steps might be to pre-qualify for a home loan. What Does It Mean to Pre-Qualify for a Loan? Mortgage pre-qualification involves working with your lender to determine how much a home loan you can afford.

Real Estate Agent 36

Real Estate Agent Real Estate Sellers Loan Officers 36

Housing Wire

JULY 25, 2023

What does the top-producing lending officer (LO) in the country have to say to other mortgage lenders? for purchase mortgage origination, and he is taking the stage at HW Annual. During the Peak Performers sessions, Weaver will share his 10 points to high-level loan originations. Mindset is everything. Weaver is the No.

Real Estate Agent 360

Real Estate Agent Mortgage Real Estate Training 360

Cornerstone

MAY 4, 2021

But before you sign any contracts, keep in mind that there’s something unique going on in today’s housing market. Right now, many sellers who are putting their homes on the market as-is are selling much quicker than expected. Love your loan as much as you love your new house. You: I’m selling my house. What should I do next?

Renovations 41

Renovations Home Improvement Loan Officers Real Estate Agent 41

PennyMac

JUNE 28, 2022

Getting a mortgage isn’t free, and closing on a house isn’t free. Throughout the process of buying a home, many professionals have contributed important services, and both buyers and sellers will need to pay fees for that before the property can be officially sold. Closing costs can apply to both the buyer and seller.

Insurance 36

Insurance Property Taxes Sellers Inspection 36

Housing Wire

MAY 10, 2023

You may have heard the good news: In recent weeks, several mortgage and real estate brokerage execs have exclaimed that we may have already reached the bottom of the market. For prospective home buyers and sellers, that could mean a gradual decline in mortgage rates , which would unlock inventory and—dare I say—sales activity.

Loan Officers 383

Loan Officers Marketing Inventory Real Estate Agent 383

Town & Country Residential Appraisals

JANUARY 24, 2020

That’s a step towards mortgage insurance fraud and a lost license. Make no mistake - these individuals are trying to shift the liability for mortgage fraud from themselves to another party. If you ever experience this from a loan officer, feel free to report this behavior to the CFPB here.

Appraisal 36

Appraisal Market Value Contracts Clients 36

Cornerstone

OCTOBER 26, 2021

In the past few months, it’s become commonplace for an appraisal to come back under a home’s contract price. The more you know, the easier it is to find the right mortgage. Based on CoreLogic data, this graph shows the rate at which appraisal gaps have been increasing: How might this impact you as a buyer or a seller?

Sellers 57

Sellers Buyers Appraisal Loan Officers 57

PennyMac

APRIL 2, 2020

Though it’s possible to buy a home with cash, most homebuyers do so with the help of a mortgage. There are various types of mortgages available, with different interest rates, down payment amounts, and other terms to consider. Step 3: Get Pre-Approved for Your Mortgage. Step 1: Check Your Credit and Do Your Research.

Real Estate Agent 36

Real Estate Agent Inspection Sellers Agents 36

Appraisal Today

SEPTEMBER 15, 2023

May a representative of the lender provide an appraisal management company a list or a panel of appraisers to use for loans involving a specified mortgage broker, real estate agent, or loan officer? The property and/or borrower cannot get a conventional loan. September 13, 2023) — Mortgage applications decreased 0.8

Appraisal 81

Appraisal Real Estate Agent Contracts Real Estate 81

PennyMac

DECEMBER 22, 2020

In order to become an REO property, it must go through these general steps: Loan Default. The homeowner/borrower defaults on (fails to make) their mortgage payments for a certain length of time, with the qualifying amount usually specified in the mortgage terms. Foreclosure. 10 Steps to Buying REO Properties.

Inspection 69

Inspection Real Estate Agent Real Estate Agents 69

Realtor

DECEMBER 15, 2016

AndreyPopov/iStock Buying real estate often requires some serious haggling between home buyer and seller, to arrive at a price that they’re both willing to accept. If you’re a buyer who needs a mortgage , most lenders will require that you obtain a home appraisal. Dossman says this is the most common outcome.

Appraisal 78

Appraisal Real Estate Agent Real Estate Mortgage 78

Realtor

DECEMBER 15, 2016

AndreyPopov/iStock Buying real estate often requires some serious haggling between home buyer and seller, to arrive at a price that they’re both willing to accept. If you’re a buyer who needs a mortgage , most lenders will require that you obtain a home appraisal. Dossman says this is the most common outcome.

Appraisal 78

Appraisal Real Estate Agent Real Estate Mortgage 78

Housing Wire

SEPTEMBER 21, 2023

We did a study with T360 recently, just looking at the agent experience and we came back with about 20 different point solutions that an agent has to use just to perform their duties in representing a buyer or seller of a home. And, frankly, give them more time in the day to spend with their buyer or seller. But it’s weird.

Technology 407

Technology Real Estate Agents Design 407

Appraisal Today

JANUARY 12, 2024

Ignoring market conditions adjustments makes us look incompetent to buyers, sellers, lenders, Realtors, and the general public. NOTE: Please scroll down to read the other topics in this long blog post on 2024 forecasts for mortgage rates and originations, Private Money lending, unusual homes, mortgage origination stats, etc.

Appraisal 67

Appraisal Contracts Mortgage Marketing 67

Appraisal Today

AUGUST 13, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non lender appraisals, liability, markets with few sales, Bias, unusual homes, mortgage origination A California Winery With a 91-Acre Vineyard for $12,995,000 Red Soles Winery, a 91-acre vineyard. August 9, 2023) — Mortgage applications decreased 3.1

Appraisal 74

Appraisal Contracts Real Estate Agent Mortgage 74

Appraisal Today

OCTOBER 14, 2022

NOTE: Please scroll down to read the other topics in this long blog post on unusual homes, mortgage origination stats, etc. NOTE: Please scroll down to read the other topics in this long blog post on Reviews and Revisions, AMC layoffs, real estate market, unusual homes, mortgage origination stats, etc. ==. To read more, click here.

Appraisal 52

Appraisal Insurance Real Estate Business 52

Clear Capital

SEPTEMBER 29, 2021

Following up on lots of the stories that have been out there in the media about potential purchase appraisal bias pertaining to race and ethnicity, Freddie Mac kicked off a study of whether minorities are more likely to receive an appraisal value that’s lower than the contract price during purchase transactions. Kenon Chen. Jeff Allen.

Sellers 69

Sellers Agents Real Estate Buyers 69

PennyMac

JUNE 14, 2021

The agent helps prospective homebuyers find properties that fit their specific needs and wishes, negotiates better deals with sellers, handles much of the paperwork and provides step-by-step guidance throughout the homebuying process. Ask your loan officer about connecting you with the real estate concierge team at Home Captain.

Real Estate 36

Real Estate Agents Buyers Real Estate Agent 36