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5 Ways to Help First-Time Homebuyers

McKissock

Schaechterle suggests that part of developing trust is by setting up clear expectations for a new home buyer. A good agent is willing to share their knowledge of different areas, as well as share their contacts regarding loan officers, essential documentation that shows sellers the buyers are serious, among other services.

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The surprising future of mortgage technology

Housing Wire

Worse, because we are not yet leveraging the power of big data in our industry, for reasons we will discuss in this article, most of the technology deployed on the front end is not being well adopted and utilized and its effects on the back-office have been negligible. In other cases, the loan officers didn’t trust the technology.

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How to Buy a Rental Property: Get Tips from the Experts

PennyMac

Select the right location for your property: consider the local benefits of a neighborhood, such as amenities, schools, shopping, general safety, transportation, etc. Speak with a Pennymac Loan Officer to explore your financial options. The more the area has to offer, the more your rental will be desirable and profitable.

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New Homes vs. Old Homes: Which Is Right For You?

PennyMac

Is it a classic Victorian set far back from the road with stately elm trees shading the formal garden, or a brand-new split level in an up-and-coming housing development with a communal pool, tennis courts, and a playground for the kids? What does your ideal home look like? Old vs. new: It's an age-old debate. Uncertainty.

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What’s Included in Closing Costs?

PennyMac

If you’re signing paper documents, they’ll need to be transported, and the courier fee will be what pays for that to be expedited. If you’re buying a condominium or a property in a planned development, you will be required to join the homeowner association (HOA). Speak to a Pennymac loan officer today to get started.

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Ways to Save for a Down Payment

Assurance Financial

On top of carving out a large chunk of your paycheck for rent, you also likely have to pay for utilities, groceries, transportation, insurance and internet — not to mention the costs of treating yourself to luxuries like vacations and going out to eat. Remember, not all mortgage loans permit the use of gifts for a down payment.