Housing Wire

MAY 25, 2023

Few loan officers make the purchase product a main part of their business. Additionally, because HECM /Reverse for Purchase did not exist until late 2008, many don’t fully understand the value propositions the product poses. Real estate agents, loan officers and builders can attract customers they have never captured before.

Loan Officers 418

Loan Officers Real Estate Agent Real Estate Finance 418

Housing Wire

JUNE 24, 2021

Buyside’s new feature enables the millions of homeowners who are currently receiving a Home Valuation Report from Buyside, to now see a personalized Home Equity Dashboard. According to NAR over 69% of buyers have a home to sell, so really homeowners represent the earliest buyer.

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Valuation Real Estate Agent Real Estate Clients 412

Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. “A small offset or decline in home values, which we are starting to see, (…) can help that consumer who’s in the market for the first time,” Brown said.

Housing Market 476

Housing Market Marketing Insurance Mortgage 476

Housing Wire

JANUARY 7, 2022

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. I sold a home to a hedge fund guy in New York. The agent said rich “mainland” residents replaced international buyers, who are restricted in their travel amid the pandemic. San Diego, California.

Housing Market 418

Housing Market Marketing Real Estate Agent Agents 418

Cleveland Appraisal Blog

OCTOBER 14, 2021

On many of my appraisals at that time, my opinion of value would not support the contract price. I remember loan officers telling me that I needed to be “creative” with my appraisals. To “think outside of the box” when valuing a property. Or buyers are walking away from the deal.

Inventory 243

Inventory Market Value Appraisal Contracts 243

Eppraisal

APRIL 20, 2021

A full pre-approval is when a mortgage loan officer pulls your credit, verifies your employment and income, has your complete application and has all the required documents from you. Your loan officer may even put your file through an initial underwriting. With limited inventory, home values are on the rise.

Sellers 66

Sellers Loan Officers Inventory Home Value 66

Realtor

DECEMBER 15, 2016

AndreyPopov/iStock Buying real estate often requires some serious haggling between home buyer and seller, to arrive at a price that they’re both willing to accept. If you’re a buyer who needs a mortgage , most lenders will require that you obtain a home appraisal. How appraisals affect the sale.

Appraisal 78

Appraisal Real Estate Agent Real Estate Mortgage 78

Realtor

DECEMBER 15, 2016

AndreyPopov/iStock Buying real estate often requires some serious haggling between home buyer and seller, to arrive at a price that they’re both willing to accept. If you’re a buyer who needs a mortgage , most lenders will require that you obtain a home appraisal. How appraisals affect the sale.

Appraisal 78

Appraisal Real Estate Agent Real Estate Mortgage 78

Cornerstone

FEBRUARY 2, 2021

Here’s an overview of why selling this winter may be smarter: Even after the buyer boom seen in 2020 , it continues: Buyer demand is outpacing the supply of available homes for sale, so homebuyers frequently compete to snatch up limited listings. Many sellers are seeing homes “fly off the shelves.”

Landlords 68

Landlords Loan Officers Sellers Buyers 68

Cornerstone

APRIL 30, 2021

Spring home sales should be speedier. Here’s a quick recap of why selling can be a smart move this spring: Springtime normally shows an influx of buyer activity. NAR’s recent Existing Home Sales report showed that pre-spring home sales were up 23.7 Spring is a favorable season for move-up buyers.

Sellers 68

Sellers Buyers Inventory Loan Officers 68

Cornerstone

SEPTEMBER 3, 2021

This year, homes are continuing to be listed at seasonally-elevated rates later into the summer season, a welcome sign for a tight housing market. ”. For buyers desperately in need of more listings, this is exciting news. Bidding wars and high buyer competition. Bidding wars and high buyer competition.

Housing Market 52

Housing Market Marketing Inventory Loan Officers 52

Cornerstone

MARCH 12, 2021

The long answer: Here are several solid reasons why: Housing inventory remains at record lows , while buyer demand has reached record highs. A prospective home seller is looking at a great opportunity to sell rapidly and at a lucrative price. What happens if I sell my house and can’t find a new home to buy?

Clients 65

Clients Sellers Loan Officers Real Estate 65

Cornerstone

MARCH 3, 2021

Economic Outlook from the National Association of REALTORS® (NAR) shows that existing home prices in the U.S. Experts project that home values will continue to increase throughout the year. The goal of pricing your home to sell is to enhance visibility and attract more buyers. are anticipated to rise by 4.5

Sellers 59

Sellers Bracketing Inventory Buyers 59

East Coast Appraisal

SEPTEMBER 12, 2022

Private mortgage insurance, or PMI, allows lenders to offer home loans to buyers without the traditional 20 percent down payment. This insurance covers the risk of financing a mortgage with less equity from the buyer. Should a buyer fail to make payments later on, PMI helps the lender recover its losses.

Appraisal 52

Appraisal Renovations Insurance Home Value 52

Chicagoland Appraisal Blog

MARCH 14, 2017

But then things got interesting because through the course of the transaction someone showed me an email from the loan officer where I learned the AMC was actually charging the buyer $345 higher than the fee I quoted. My Thoughts: I think this is a GIANT step backward and goes directly against ensuring public trust.

Appraisal 78

Appraisal Real Estate Property Appraisal Loan Officers 78

Assurance Financial

APRIL 29, 2021

When deciding if it’s worth it to make a big down payment or not, there are some things to consider aside from home equity. If home values in your area are increasing rapidly and you have enough to put down 5% or 10%, it can make sense to buy now, even though you don’t have a full 20% down payment.

Mortgage 74

Mortgage Insurance Home Value Loan Officers 74

AmeriMac

JANUARY 30, 2024

Moreover, the reverse mortgage appraisal report, reflecting the current home value, significantly aids in the loan application process. The reverse mortgage appraisal report stands as a pivotal element in the loan application, influencing the terms and approval, making it an indispensable part of the entire process.

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Appraisal Process Mortgage Appraisal Appraisal Mortgage 36

PennyMac

DECEMBER 22, 2020

Many potential homebuyers and investors overlook bank-owned properties, but for buyers who take the time to understand the REO process, these homes can be a significant opportunity. Step 3: Find a Real Estate Buyer’s Agent Who Knows REO Homes. Step 4: Refine Your List of Lender-Owned Properties.

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Inspection Real Estate Agent Real Estate Agents 69

PennyMac

DECEMBER 29, 2020

Purchase Price — Most homebuyers are able to buy their homes for an amount equal to or less than the appraisal price. In very competitive markets, buyers may pay more than the appraised value of a home in order to “beat” other interested buyers.

Real Estate 36

Real Estate Property Taxes Appraisal Loan Officers 36

PennyMac

JULY 21, 2021

When evaluating potential yard renovation ideas, it is important to consider not just what you want to add, but how those features will be used — by both your family and future potential buyers. Eighty-four percent of real estate agents agreed, noting homes with trees are as much as 20 percent more salable.

Renovations 36

Renovations Real Estate Investing Design 36

PennyMac

SEPTEMBER 2, 2020

Home Buying Consideration #1: The Garage. Garages are a very important feature for many homebuyers, and can even end up being a dealbreaker for some buyers. You may also want to consider the possibilities of eventually remodeling a bland garage in an otherwise perfect home. Appliances That Can Help Property Value.

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Design Buyers HOA Investing 36

AmeriMac

MARCH 29, 2024

The reverse mortgage process typically begins with a borrower contacting a loan officer who specializes in reverse mortgages. The loan officer will assess the homeowner’s eligibility and explain the details of the loan, including the potential loan amount and repayment terms.

Mortgage Appraisal 36

Mortgage Appraisal Appraisal Mortgage Appraisal Process 36

PennyMac

SEPTEMBER 2, 2020

Surprisingly, the previous generation has even greater concerns, with 60% of baby boomers worried they will never be able to afford a down payment on a home. By offering mortgages with low or no down payments (as long as the sales price does not exceed the appraised home value), VA loans make home ownership possible for many.

Insurance 36

Insurance Finance Government Mortgage 36

PennyMac

JANUARY 16, 2022

The rise of home renovation television shows has made many homeowners eager to transform rough diamonds into neighborhood jewels. Couple this with the improved job market and an upswing in home values, and you have a tidal wave of homeowners willing to invest in fixer-upper dwellings. Factor 3: How Much Time Do You Really Have?

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Investing Property Taxes Real Estate Renovations 36

PennyMac

JUNE 28, 2022

More specifically, closing costs are fees that you (as the buyer) will pay to third parties who have performed services for purchasing your home. Closing costs can apply to both the buyer and seller. Most of the fees involved in closing costs apply primarily to the buyer, so usually the buyer pays most of the closing costs.

Property Taxes 36

Property Taxes Insurance Sellers Inspection 36

Assurance Financial

NOVEMBER 9, 2021

With PMI, mortgage lenders make low and zero down payment home loans more accessible, making homeownership possible for buyers from various backgrounds. You also avoid increasing your monthly payments in comparison to a more traditional buyer-paid mortgage insurance. Does PMI Go Away if Home Value Increases?

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Insurance Mortgage Home Value Finance 41

Cornerstone

OCTOBER 26, 2021

Home values are climbing at nearly historic levels. As a result, hurdles related to home appraisals have also started to arise. In the past few months, it’s become commonplace for an appraisal to come back under a home’s contract price. Lean on your loan officer for guidance. Get your questions answered now.

Sellers 61

Sellers Buyers Appraisal Loan Officers 61