Looking to sell your home as fast as possible while also scoring a great deal on it? That will certainly be a challenge, unless you are willing to work hard to keep your home in pristine condition. Here are some guidelines to follow for a successful home sale: 1. First Things First: Get a… Read more »
Mortgage brokers across the country who have been wanting some recognition for their hard work can rejoice. The Association of Independent Mortgage Experts (AIME) has announced that they have created a new national holiday to celebrate the work that mortgage brokers do. Just as we celebrate teachers on National Teacher Day, we will now be… Read more »
Real estate scams have grown significantly just in the past year, making it more important than ever for real estate and even title agents to take extra precautions to protect themselves and their clients from becoming victims. In 2017 alone, homebuyers lost more than $969 million to scams, compared to $19 million in 2016, according… Read more »
If you’re thinking about selling your home, now is the most profitable time for home sellers, according to researchers at ATTOM Data Solutions.That’s because the average home sale profit for sellers in the fourth quarter of 2017 reached a 10-year high of $54,000. This amounts to an average return on investment (ROI) of 29.7%. “It… Read more »
Ellie Mae recently announced that it has acquired Velocify, a cloud-based intelligent sales automation system, so that it can more quickly deliver a true digital mortgage solution to lenders of all sizes. Digital mortgages are reportedly a high priority for consumers who want faster mortgage application processing. A recent survey by Ellie Mae, for example,… Read more »
It’s pretty evident that home prices and home values were up last year and are still continuing to rise, but just how much they rose may come as a surprise. The total of home values in the United States rose last year by close to $2 trillion from 2016, reaching $31.8 trillion in 2017. According… Read more »
The Federal Housing Finance Agency (FHFA) has announced that the maximum conforming loan amount for mortgages acquired by Fannie Mae and Freddie Mac will increase for 2018. In the vast majority of localities throughout the U.S., the 2018 maximum conforming loan limit for one-unit properties will be $453,100. That is an increase of $29,000 from… Read more »
This is the time of year when everyone –from lenders to real estate organizations to builders – is making predictions about the housing market for 2018. Here are five interesting predictions we wanted to share with you. 1-Low Inventory Will Continue to Drive the Housing Market in 2018 The shortage of homes will continue to… Read more »
What is a digital mortgage? That question was answered by industry professionals last week at the National Mortgage News Digital Mortgage Conference in San Francisco. The majority of mortgage professionals surveyed at the conference defined a digital mortgage as “a fully end-to-end electronic process, which includes the borrower experience, internal processes and electronic closings,” said… Read more »