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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 440
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Lenders target growing Hispanic homeownership market

Housing Wire

Chicago-based Guaranteed Rate this week rolled out an expanded Language Access Program, which has applications and loan servicing in Spanish for consumers in all 50 states. A Spanish website and mortgage applications tool to help Hispanics overcome language barriers went live this week by CrossCountry Mortgage.

Marketing 360
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ICE Mortgage Technology President Tim Bowler on mortgage automation

Housing Wire

What we’re trying to do at ICE is break down the various transactions where a borrower and a lender might interface and figure out how we can deliver a set of technology tools and solutions so that the borrower can get their loan — for purchase or refinance — as fast as possible with the least amount of cost.

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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. “According to NAR over 69% of buyers have a home to sell, so really homeowners represent the earliest buyer.

Valuation 311
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Housing industry continues to shed employees in economic downturn

Housing Wire

It will provide insight and actionable advice for lenders aiming to maintain a competitive edge by adopting the right tech tools to help profits grow and keep customers satisfied. Presented by: ServiceLink. My time with PenFed has come to an end,” a loan officer posted on LinkedIn.

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Purchase market will highlight closing process problems

Housing Wire

We’ve seen the thought of eMortgages start to be accepted and embraced by lenders as the way of not just the future, but the present. It’s much more efficient to reach a loan officer and input an application into the pipeline than ever before. And the inefficiency is only amplified by the use of 20 th century tools to do it.

Marketing 245
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10 Things Most Homebuyers Get Wrong About Getting a Mortgage Today

Realtor

” 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. . ” 8. .

Mortgage 190