Tag Archives: Buyers Tools

Rocket Mortgage courting buyers who work with partner agents

By | | Uncategorized
Comments Off on Rocket Mortgage courting buyers who work with partner agents

The lender’s new “BUY+” program provides closing credit of up to $10,000 to homebuyers working with one of more than 20,000 Rocket Homes Partner Agents, it was announced Monday. Continue reading →

Rocket’s new Visa rewards card targets first-time homebuyers

By | | Uncategorized
Comments Off on Rocket’s new Visa rewards card targets first-time homebuyers

The credit card’s rewards points are structured to incentivize borrowers to choose Rocket Mortgage when financing their homes. Continue reading →

‘How’s the neighborhood?’ 5 buyer queries ChatGPT gets really wrong

By | | Uncategorized
Comments Off on ‘How’s the neighborhood?’ 5 buyer queries ChatGPT gets really wrong

AI is useful, but it’s far from perfect. Here are five common questions buyer clients ask agents, incorrect responses from ChatGPT, plus the correct response agents should use to avoid litigation. Continue reading →

Guaranteed Rate rolls out ‘Same Day Mortgage’ nationwide

By | | Uncategorized
Comments Off on Guaranteed Rate rolls out ‘Same Day Mortgage’ nationwide

Properties must be eligible for an appraisal waiver, and like Better’s “One Day Mortgage,” some fine print can stand in the way of getting a loan approved in 24 hours. Continue reading →

Better lets Amazon workers put up stock as mortgage collateral

By | | Uncategorized
Comments Off on Better lets Amazon workers put up stock as mortgage collateral

Through Better’s Equity Unlocker program, borrowers pay a higher interest rate and Better can seize pledged shares if homeowners default or try to sell their stock before paying off their mortgages. Continue reading →

Real estate industry welcomes FHA premium cuts, with caveats

By | | Uncategorized
Comments Off on Real estate industry welcomes FHA premium cuts, with caveats

Cuts are expected to save borrowers $678 million a year but don’t apply to existing loans or release homeowners who have built up equity from “life-of-loan” requirements. Continue reading →

Disparity in mortgage rates offered by lenders doubled in 2022: Study

By | | Uncategorized
Comments Off on Disparity in mortgage rates offered by lenders doubled in 2022: Study

Homebuyers can potentially save $600 to $1,200 a year by applying for a mortgage with multiple lenders, according to research by Freddie Mac. Continue reading →

Divvy Homes’ employees say there has been another round of layoffs

By | | Uncategorized
Comments Off on Divvy Homes’ employees say there has been another round of layoffs

Although Divvy has not yet responded to requests for comment, a half-dozen former employees posted on LinkedIn that they were laid off Wednesday. Continue reading →

Most homebuyers forking out big bucks to buy down mortgage rate

By | | Uncategorized
Comments Off on Most homebuyers forking out big bucks to buy down mortgage rate

While mortgage rates have eased and home prices have fallen in many markets, affordability “still has a stranglehold on much of the market,” according to research released Monday by Black Knight. Continue reading →