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Better.com reports $86M loss in Q2 as margin narrows

Housing Wire

Download the white paper for a playbook to building a tech-enabled acquisition strategy for growth. Better has also made strides in real estate and insurance. billion in title insurance and $1.4 billion in homeowner’s insurance, while their real estate arm made $691 million in transaction volume. Presented by: LQ Digital.

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How to get (or renew) your NMLS license in 2024

Housing Wire

That’s where a mortgage loan officer (MLO) comes in. Mortgage loan officers, also known as mortgage loan originators or lending officers, generally make salary-based income with commission. The lender must notify the borrower of the credit decision within 30 days of receiving the loan application.

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What Is Private Mortgage Insurance?

Assurance Financial

In some cases, you may have to take out several loans or pay for something called private mortgage insurance (PMI). Read on to learn more about how private mortgage insurance can allow you to purchase a home, even if you don’t have enough resources to make a standard down payment. What Is Mortgage Insurance on a Home Loan?

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Does Refinancing Affect Your Taxes?

Assurance Financial

Refinancing could potentially lower your monthly payments , allow you to consolidate debt, speed up the payoff process for your mortgage, eliminate your private mortgage insurance (PMI) and put more cash in your pocket. Downloadable Guides. Click here to download the file. Click here to download the file. Refinance Guide.

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Mortgage Term Glossary

Assurance Financial

A lender might set up an escrow account where they hold money that goes toward your property tax payments and homeowners insurance premiums. When insurance or property taxes are due, the lender pays the insurance company or government with funds from your escrow account. Homeowners Insurance. Mortgage Insurance.

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How to Build Equity in Your Home

Assurance Financial

You’d also have to make private mortgage insurance payments on the loan until you’d paid off 20% of its value. Your equity would jump to $25,000 if you made a down payment of 10%, and your monthly private mortgage insurance payments would drop. Downloadable Guides. Click here to download the file.

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How to Get a Mortgage Loan

Assurance Financial

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. That might be true, as putting down 20% allows you to avoid paying private mortgage insurance (PMI) premiums and can mean you get a better interest rate on your loan.