Self-employment has advantages, notably the home office deduction and eliminating commute time. Getting a mortgage, however, is not one of them. Here are a few tips that address the newly stiffened requirements for approval. Continue reading
Everyone makes mistakes — including homebuyers on the cusp of closing on their dream home. This week, tell us about the common financing mishaps that can really jeopardize a deal. How can agents help prevent them? Continue reading
Bob Walters called United Wholesale Mortgage’s ultimatum to independent brokers “deeply offensive.” Continue reading
With multiple offers being the order of the day, buyers are overbidding to outgun their competitors. What happens if an appraisal comes back low? Here are a few important steps to take before writing an over-ask offer. Continue reading
This week, our readers share some of the biggest financing challenges clients are facing in today’s market. From saving for a down payment to competing with cash offers, here’s what prospective buyers are struggling with most. Continue reading
In the early 2000s, Trump made a short-lived foray into the world of residential and commercial lending. The housing bubble ultimately doomed the venture, and its legacy was a long-running lawsuit. Continue reading
Homeward provides the buying power of a cash purchase to noncash homebuyers, allowing for more competitive offers and a better chance at winning in a multiple-offer situation. Continue reading
After falling to historic lows last year, rates have climbed back over 3 percent but still remain lower than last year’s levels. Continue reading
Just like the rest of real estate, the title industry is embracing technology and its many benefits. When partnering with a title company, be sure to understand how it deploys technology in its systems — and how that tech can be used to help create the… Continue reading
The Prudential Financial vet served on Freddie Mac’s board of directors for about one year before being named the company’s interim chief executive officer. Continue reading