Housing Wire

DECEMBER 22, 2020

They’ll need a small amount of information about your income and finances, and if all looks good, they’ll give you a preapproval letter stating how much money you can likely borrow. It shows the seller you’re serious about their property, and usually amounts to about 2% of the home price. You’ll submit this with any offers you put in.

Mortgage 414

Mortgage Property Taxes Loan Officers Sellers 414

Housing Wire

NOVEMBER 8, 2021

“This is an absolute must, especially in the market right now as it gives the lender an opportunity to fill the listing agent in on the buyer’s background and how the VA loan process works,” Pascoe explained. Next, he has his buyers write a letter to the seller, a practice that has come under scrutiny lately for creating potential biases.

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Clients Agents Buyers Sellers 393

Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. Jumbo loan volume increased 3.1% At Finance of America , reverse mortgages have been a ??

Mortgage 393

Mortgage Loan Officers Finance Investors 393

PennyMac

MARCH 4, 2024

Purchasing a home is a big step, and you want a knowledgeable lending partner by your side as you weigh your financing options and navigate the paperwork involved. You’ll have peace of mind knowing your borrowing limit and be able to show realtors and sellers that you’re serious about purchasing.

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Loan Officers Insurance Mortgage Sellers 65

PennyMac

FEBRUARY 13, 2024

In a standard home purchase scenario, prospective homebuyers apply with a lender to obtain conventional financing to get the new home on their wishlist. Did you know, however, that there may be another financing option that could possibly benefit both the buyer and the seller under the right circumstances?

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Mortgage Sellers Buyers Finance 53

Realtor

OCTOBER 16, 2023

” However, keep in mind that you will have to pay private mortgage insurance if you put less than 20% down, which increases your monthly payments. Assuming you can get a loan instantly Many borrowers assume that in today’s instant-gratification culture, they can get a mortgage in days or even minutes. ” 9. .

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Mortgage Real Estate Agent Real Estate Buyers 190

Housing Wire

APRIL 16, 2024

The company recently launched a mortgage brokerage firm that offers a plug-and-play program for real estate agents to become mortgage loan officers, a practice called dual licensing. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%. For example, Realfinity pays LOs 1.4%

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Real Estate Agent Loan Officers Real Estate Agents 457

Genworth MI Blog

FEBRUARY 29, 2024

Property value impacts not only the seller, but the borrower too after all. As a hopeful homeowner, it’s important borrowers understand how these condition concerns could impact their finances down the line – help educate your borrowers during this process. Accuracy is key, as property value is at stake for sellers and borrowers alike!

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Appraisal Inspection Training Real Estate 88

Housing Wire

MAY 6, 2024

Largely hidden from view and misperceived by some to be on the lower end of the hierarchy of service providers, the position seemingly lacked the luster of the real estate agent or the panache of the loan officer. During the housing crisis of 2008, the title industry suddenly emerged from obscurity into full view.

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Real Estate Agent Real Estate Project Management Agents 389

Housing Wire

MARCH 30, 2022

The title insurance space isn’t generally known for placing outsized bets on technology. Paul Hurst: In my new role, I’m responsible for evaluating – together with our business units – the most promising new spaces for innovation within the real estate and mortgage finance ecosystem. As of Sept.

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Mortgage Real Estate Investing Technology 370

Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. It was another brutal year, pushing loan originators to work longer hours, close loans faster while diversifying their mortgage product offerings.

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Business Mortgage Loan Officers Inventory 424

Miller Samuel

FEBRUARY 12, 2019

In ’09, Miller said sellers were anchored to the “pre-Lehman, pre-financial crisis asking prices” and had to travel farther on price to meet a buyer. Meanwhile, sellers are anchored to another market completely, he said. The disconnect between buyers and sellers is measured by lower sales volume.”. In 2018 the discount was 5.2%.

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Marketing Real Estate Appraisal Sellers 221

Assurance Financial

APRIL 29, 2021

Earnest money is a portion of the sale price of the home that a buyer pays upfront, after the seller accepts their offer. The deposit shows that a buyer is serious and allows the seller to take the home off the market. If the buyer backs out of the sale, the seller gets to keep the earnest money. Homeowners Insurance.

Mortgage 69

Mortgage Insurance Sellers Inspection 69

Assurance Financial

DECEMBER 20, 2021

According to Freddie Mac, almost 90% of American homeowners finance their homes with a 30-year mortgage. In a traditional home sale, the seller lists the house for a price that will cover the following costs: The mortgage’s remaining costs. Existing home equity loans or home equity lines of credit (HELOCs), if applicable.

Mortgage 74

Mortgage Sellers Buyers Finance 74

McKissock

APRIL 20, 2021

Meet with/learn from service providers such as loan officers, title companies, attorneys, home warranty, and insurance companies. Refer buyers and sellers out to other agents locally and across the country. Receive basic training in contracts and how to price properties using comparative marketing analysis.

Real Estate Agent 98

Real Estate Agent Real Estate Agents Realtors 98

PennyMac

APRIL 5, 2022

This is a document issued by a lender that confirms you are pre-approved to secure the appropriate financing needed to buy the home you want. In short, it serves as proof to sellers that you’re a serious and reliable buyer. However, it doesn’t provide a complete picture of your finances. Now put yourself in the seller’s shoes.

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Mortgage Sellers Finance Buyers 36

Housing Wire

MAY 8, 2023

I have been in the mortgage industry for nine years, with my loan officer in the industry for 19 years and my Realtor for over 10 years. VA loans can be assumed by anyone, and the new borrower assumes those benefits. You do not have to be a veteran to assume a VA loan. I am not a veteran, but I did assume a VA mortgage.

Mortgage 393

Mortgage Marketing Realtors Sellers 393

Quicken Loans

JUNE 10, 2021

As you may have already experienced, without a preapproval , real estate agents aren’t going to give you too much of their valuable time (especially in a seller’s market). They work on commission, and they might not take you seriously – and neither will sellers – until you can show them a preapproval letter. Finalize The Loan.

Mortgage 68

Mortgage Real Estate Agent Sellers Appraisal 68

PennyMac

DECEMBER 22, 2020

In many cases, lenders are motivated sellers who do not want to sit on their REO inventory, and (depending on the bank’s history with the property) these homes may be priced at a discount. Step 2: Find a Lender and Discuss REO Financing. REO properties are attractive to homebuyers or real estate investors for several reasons.

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Inspection Real Estate Agent Real Estate Agents 69

PennyMac

APRIL 18, 2022

Rental insurance is inexpensive. While the majority of your home’s purchase price will be financed into the mortgage, you will still need a down payment. Renters insurance is far cheaper than homeowners insurance. Begin your online application now, if you still have questions contact a Pennymac Loan Officer.

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Landlords Property Taxes HOA Insurance 36

PennyMac

APRIL 2, 2020

Your home buying budget will be impacted by your household finances and the market you are searching in. Getting this first step in the loan process completed before you start looking at homes will ensure that you are ready to make an offer (and succeed!) Is Homeowners Insurance Legally Required? Step 2: Determine Your Budget.

Real Estate Agent 36

Real Estate Agent Inspection Sellers Real Estate 36

PennyMac

SEPTEMBER 2, 2020

VA home loans have many well-known benefits, including low rates and the exciting combination of no down payment and no mortgage insurance. Lenders are able to offer veterans these excellent terms because VA home loans are backed by the U.S. No Private Mortgage Insurance. VA loans, due to their backing by the U.S.

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Insurance Finance Government Mortgage 36

Will Springer Realtor

MARCH 30, 2021

In this seller-friendly market, sometimes dozens of buyers make bids on a single home. Earnestly speaking – To make a good first impression with the seller, buyers should offer a high earnest money deposit, say 7% or more. Non-refundable fee – Some offers include a non-refundable fee to sellers just for accepting the buyer’s bid.

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Inspection Sellers Buyers Real Estate 36

Assurance Financial

JULY 27, 2021

You need to repay the mortgage according to the terms of the loan. Most mortgages require you to make monthly payments of principal, interest and other fees, such as private mortgage insurance (PMI). A conforming loan aligns with the standards created by the Federal Housing Finance Agency. Conventional Non-Conforming.

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Mortgage Government Construction Insurance 69

Clear Capital

SEPTEMBER 29, 2021

I mean, like, total disaster of a listing that’s been sitting on the market for months in the midst of a very hot seller’s market. The bummer part is that the seller is like a crabby old man who thinks this house is worth way more than it actually is. So he calls up the seller guy. I bet the sellers gonna be stoked.

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Sellers Agents Real Estate Buyers 69

Assurance Financial

JULY 23, 2021

How to Get a Mortgage Loan. If you’re going to finance your home purchase, one of the first things to do is figure out how to get a mortgage. The exact amount you need to save up for a down payment depends on the type of loan you choose, the market conditions and your financial situation. Get Ready for Loan Processing.

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Mortgage Real Estate Agent Government Loan Officers 74