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Reverse purchase financing: The financing option no one is talking about

Housing Wire

For real estate professionals, this option presents an opportunity to capture more sales. But unlike financing with a traditional mortgage, monthly principal and interest payments are not required on the loan, so long as the homeowner keeps up to date with real estate taxes, homeowners’ insurance and property maintenance.

Finance 427
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Desperate for deals, mortgage pros get creative

Housing Wire

Roberts and thousands of other loan officers across the country continue to be hampered by a serious inventory shortage , which results in heavy competition for fewer deals. Niche loans consist of about 5% of Parkinson’s business. “It’s Being on multiple builders’ lists is a way to rack up more deals for loan officers. “A

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5 ways to provide overwhelming value to buyer clients

Housing Wire

Though this seems like a whole new stress-inducing worry for many real estate agents , the fact is that commissions have never been a set amount, just an expectation or a tradition in many markets. Present to your buyer clients just like you would in a listing presentation. Be a matchmaker. Overcommunicate.

Clients 374
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Threat of climate change looms large for some home buyers

Housing Wire

Real estate agents and LOs: the great collaboration. Technology has given consumers the power of choice and expedited the entire real estate purchasing process. Presented by: Propertybase. “I had one client in St. . “I had one client in St. She relocated to New York.”

Buyers 440
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Buyside launches a new home valuation pages feature

Housing Wire

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. Williams IV, CEO, Buyside.

Valuation 291
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10 Things Most Homebuyers Get Wrong About Getting a Mortgage Today

Realtor

And while there are ways to lower those costs , navigating the home loan process is extremely complicated—particularly for first-time homebuyers. ” 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. ” 8. . ” 9.

Mortgage 190
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Bridging the gaps in the home buying process

Housing Wire

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. Running the table in a real estate transaction is not for the faint of heart, nor for the passive.