Housing Wire

FEBRUARY 1, 2023

Rob Nunziata , co-CEO and co-founder of Florida-based FBC Mortgage , says one mortgage sweetener that holds out some promise for making houses more affordable for a broader swath of borrowers is the temporary rate buydown. “It Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range].

Marketing 404

Marketing Government Mortgage Sellers 404

Housing Wire

MAY 25, 2023

Older Americans are sitting on more than $12 trillion in home equity, according to the National Reverse Mortgage Lenders Association (NRMLA)/ Riskspan Reverse Mortgage Market Index. million homes bought and sold in the U.S. According to data from Statista , there were roughly 5.95 last year.

Loan Officers 387

Loan Officers Real Estate Agent Real Estate Finance 387

Eppraisal

DECEMBER 9, 2021

It is December and it's still a hot real estate market for sellers. Houses are selling in record time and prices have risen at unbelievable rates; homeowners are experiencing nice increases in home values. Buyers lost out on homes because of other buyers and investors paying cash.

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Sellers Buyers Home Value Insurance 36

Housing Wire

JUNE 24, 2021

“According to NAR over 69% of buyers have a home to sell, so really homeowners represent the earliest buyer. Buyside helps real estate agents and loan officers engage homeowners with not just home value tools but also branded wealth optimization tips on their home’s equity so homeowners can now truly view their home as an asset.

Valuation 305

Valuation Real Estate Agent Real Estate Clients 305

Eppraisal

FEBRUARY 14, 2023

There are many terms used in real estate transactions that home buyers and sellers may not completely understand. Buyers and sellers will often use the terms title and deed interchangeably. If you are buying a home in the near future, here's a crash course to help. A deed conveys ownership right to a property.

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Legal Insurance Sellers Real Estate 69

Assurance Financial

APRIL 29, 2021

Important Mortgage Acronyms. When you’re in the process of shopping for a home and a mortgage, you’re likely to encounter what looks like alphabet soup. All those letters and mortgage statement abbreviations can make your head spin. Mortgage Term Abbreviations to Know. ARM (Adjustable-Rate Mortgage).

Mortgage 74

Mortgage HOA Insurance Real Estate Agent 74

Raleigh Realty

FEBRUARY 19, 2022

But before you do there's one last factor to consider: the home appraisal. Like making counter-offers and going through the home inspection process, the home appraisal can be a sticking point between buyer and seller. Here's what you need to know about home appraisals so that you come prepared.

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Appraisal Process Appraisal Construction Sellers 139

Realtor

NOVEMBER 16, 2017

As one tangible way to say “thank you for your service,” current and former members of the military have access to Veterans Affairs home loans. These unique mortgage options allow veterans and those still serving to own a piece of the American dream by potentially qualifying for homes they might have thought were out of reach.

Insurance 146

Insurance Appraisal Buyers Real Estate 146

Eppraisal

MARCH 29, 2022

Among the diverse assets seniors can pass on is the familial home. In many cases, this property is mortgage-free and home values are high in a tight, sellers' real estate market. This coverage can pay for services administered in the home or in an institutional setting. Who Gets First Dibs?

Insurance 69

Insurance Legal Home Value Real Estate 69

Lamacchia Realty

DECEMBER 21, 2023

The number of new listings as well as average sale price has increased for single family homes and condos/townhomes across all three counties. Mortgage rates in November fell from the October highs, coming down to the low 7s towards the end of the month, per Mortgage News Daily. What does this mean for Sellers ?

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New Listings Real Estate Inventory Sellers 53

Lamacchia Realty

NOVEMBER 27, 2023

Mortgage rates officially went over 8% in the month of October according to Mortgage News Daily. Home sales in South Florida are down slightly, just 2% when compared to this time last year. Not only is affordability a concern for buyers given current mortgage rates, inflation, etc., What does this mean for Sellers ?

New Listings 50

New Listings Sellers Real Estate Inventory 50

Lamacchia Realty

JANUARY 24, 2024

Per Mortgage News Daily , mortgage rates dropped into the mid-6s by the end of the month. What does this mean for Sellers ? Many sellers think they need to wait until spring or summer to list their home, but listing in the winter has many benefits and ultimately could get you more for your home !

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New Listings Sellers Real Estate Buyers 36

Eppraisal

OCTOBER 11, 2022

Home Values and Affordability A homeowner usually pays three parties for the privilege of ownership: the seller to convey the house; the lender to pay for the house; and the taxing authority to provide local services. The average 30 year mortgage rate as of January 1st was 3.22 percent and has sense gone higher.

Property Taxes 36

Property Taxes Insurance Home Value Government 36

Will Springer Realtor

DECEMBER 8, 2021

Amid rising land and construction costs, permits for single-family homes in King County slowed in the third quarter to 940, down 7.8% Who said this is a sellers’ market? The National Association of Home Builders’ (NAHB) monthly sentiment index rose three points in November, to 83 on a scale of 1-100. Census data through October.

Sellers 36

Sellers Marketing Supply Chain Construction 36

Eppraisal

JULY 8, 2022

With home values rising and buyers paying high prices for homes, title companies' roles are more important than ever. Buyers paying these high prices for homes deserve protection. 2) Provides insurance policies to protect the lender and the homeowner. In fact, they play quite a few roles.

Insurance 36

Insurance Real Estate Home Value Buyers 36

Eppraisal

DECEMBER 8, 2023

This will help you determine a realistic budget for your future home. Aim for a mortgage payment that comfortably fits within your financial capabilities, leaving room for unexpected expenses. Get Pre-approved for a Mortgage Take the uncertainty out of your home search by getting pre-approved for a mortgage.

Buyers 36

Buyers Home Value Property Taxes Real Estate Agent 36

Zillow

JULY 15, 2019

Capacity : The amount of money a home buyer can afford to borrow. Cash-value policy : A homeowners insurance policy that pays the replacement cost of a home, minus depreciation, should damage occur. Closing : A one- to two-hour meeting during which ownership of a home is transferred from seller to buyer.

Real Estate Agent 56

Real Estate Agent Insurance Inspection Buyers 56

Eppraisal

DECEMBER 9, 2022

As buying a home is one of the most important investment decisions you will ever make, it is crucial to understand the current real estate market before you dive in. Home values rose double digits, year-over-year, the past couple years? Here are a few considerations to keep in mind before you purchase a home.

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Real Estate Agent Real Estate Agents Home Value 68

Eppraisal

MAY 25, 2021

Advantages of a VA Home Loan According to mortgagereports.com, "the VA loan asks for no down payment, requires no mortgage insurance, and has lenient rules about qualifying, among other advantages." The VA home loan is a true "no money down" home loan opportunity. Let the sellers choose a convenient closing date.

Sellers 36

Sellers Home Value Inspection Government 36

Eppraisal

JULY 19, 2022

Unsure if you should hire an attorney to represent you in your real estate transaction, ask your real estate agent or mortgage lender. With home values rising and homes selling at record speed, it is helpful to have an attorney on your side during the transaction. The buyer's mortgage company requires this.

Real Estate 36

Real Estate Inspection Real Estate Agent Contracts 36

Lamacchia Realty

MARCH 28, 2023

February 2023 south florida housing report February Highlights Single family homes sales are significantly down again in Broward, Miami-Dade and Palm Beach counties in February compared to this time last year. Sellers, the sooner you put your home on the market, the more it will sell for !

New Listings 55

New Listings Sellers HOA Buyers 55

Eppraisal

APRIL 22, 2022

Congratulations on your new home! It is a great time to purchase a home, as home values are still rising. You can look forward to moving into your new home and making it your own. Now that you have closed on your new home, there are a few things you need to attend to right away.

Insurance 67

Insurance Home Value Inspection Government 67

PennyMac

JUNE 28, 2022

When you’re ready to close on your new home, you’ll find there’s one more round of payments to make: closing costs. Getting a mortgage isn’t free, and closing on a house isn’t free. There are costs through this last phase of the process of buying your home. Closing costs can apply to both the buyer and seller.

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Insurance Property Taxes Sellers Inspection 36

Eppraisal

APRIL 27, 2021

Qualify to Purchase a Home If you are thinking of purchasing a home, you must first be able to qualify for a mortgage. To qualify for a mortgage, you need steady employment and income. Interest rates are still historically low, so it's a great time to borrow money to purchase your first home. You need good credit.

Property Taxes 50

Property Taxes Home Value Landlords Insurance 50

Realtor

NOVEMBER 16, 2017

As one tangible way to say “thank you for your service,” current and former members of the military have access to Veterans Affairs home loans. These unique mortgage options allow veterans and those still serving to own a piece of the American dream by potentially qualifying for homes they might have thought were out of reach.

Insurance 78

Insurance Appraisal Buyers Real Estate 78

Will Springer Realtor

APRIL 10, 2024

Recent news that the National Association of Realtors® (NAR) wishes to settle a series of lawsuits from home sellers has sent ripples through the real estate industry. Allegations of collusion to inflate compensation paid to both buyer and seller agents in transactions prompted this landmark settlement, estimated at a staggering $418M.

Real Estate 36

Real Estate Buyers Sellers Insurance 36

Raleigh Realty

MARCH 29, 2021

Remember that owning a home can help build your assets, though, and buying a home in the right location will set you up for future success. You can rent the home out to tenants who pay your mortgage and bills while you continue to build your asset. You should try not to spend more than 28 of it on home expenses.

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Government Real Estate Agent Insurance Property Taxes 148

Zillow

JUNE 20, 2018

Getting a mortgage can be a breeze or a slog, depending on what you know about the process. To get organized and set your expectations properly, let’s debunk some common mortgage myths. Rates are tied to daily trading of mortgage bonds, so most lenders' rates change throughout each day. Lenders use your best credit scores.

Mortgage 36

Mortgage Real Estate Agent Real Estate Insurance 36

Raleigh Realty

MAY 3, 2021

First-time home buyers have many advantages available to them when it comes to first-time home buyer mortgage programs. These programs are designed to help people buy their first home. Build Equity Your home will have a value assigned to it, and you'll be making mortgage payments.

Real Estate Agent 78

Real Estate Agent Real Estate Insurance Inspection 78

PennyMac

JANUARY 3, 2024

A VA loan is a mortgage loan guaranteed by the United States Department of Veterans Affairs. Not Just For First-Time Homebuyers While you can use a VA loan for your first home, you can take advantage of the VA loan benefit again if you sell or refinance. Look for homes. Meet with a real estate agent and begin looking for homes.

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Insurance Real Estate Agent Finance Renovations 36

Appraisal Today

JUNE 23, 2023

NOTE: Please scroll down to read the other topics in this long blog post on AVMs and AI, good appraisal book, Real estate market, Fannie, non-lender appraisals, unusual homes, mortgage origination stats, etc. A home valued too high can lock a homeowner into an unaffordable mortgage and increase the risk of foreclosure.

Appraisal 87

Appraisal Real Estate Valuation Contracts 87

Eppraisal

APRIL 21, 2023

Depositors are compensated -- in part or in full -- by the Federal Deposit Insurance Corporation (FDIC) or, in the case of a failed credit union, the National Credit Union Administration (NCUA). WaMu's problems were largely based on the evaporation of the secondary market to which it sold mortgage-backed securities.

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Lending Housing Market Marketing Real Estate 28

Assurance Financial

SEPTEMBER 20, 2021

Whatever amount is left over after the down payment is paid must be paid off over time in the form of a mortgage. It’s important to note that any down payment under 20% normally requires mortgage insurance. However, if you put down more than 20%, you don’t need insurance. What Is a Loan-To-Value Ratio?

Insurance 36

Insurance Mortgage Buyers Government 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. Department of Veterans Affairs.

Insurance 36

Insurance Finance Government Mortgage 36

PennyMac

JANUARY 3, 2024

The Mortgage Process The mortgage process for a second-time homebuyer generally follows the same steps as a first-time homebuyer. Potential for No Down Payment While most mortgages require a down payment, you may qualify for a zero-down payment VA loan if you're a veteran, service member or military family.

Real Estate Agent 36

Real Estate Agent Buyers Real Estate Mortgage 36

Listing Spark

OCTOBER 13, 2022

Days on the market are up, home prices are down, but it’s not all doom and gloom. What should buyers and sellers be doing right now? How to vet real estate agents as a seller. In August, the median home value in the greater Austin metropolitan area was $496,000 and that’s up 5%. Episode highlights.

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Housing Market Real Estate Marketing Buyers 36

AmeriMac

JUNE 6, 2022

As a homeowner, you may be asked to get a home appraisal for a variety of reasons. Maybe you’re refinancing your mortgage, or perhaps you’re selling your home. As a home seller, you will need to go through the process of home appraisal to secure a mortgage. What is a Home Appraisal?

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Appraisal Renovations Buyers Lending 36