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Mastering the Loan Application Process: Essential Documentation & Lender Criteria Unveiled

Navigating the loan application process can be one of the most daunting aspects of purchasing a home or investing in real estate. Understanding the documentation required and what lenders evaluate during the approval process is essential to smooth out potential bumps on the road to securing a loan. This guide aims to equip you with the knowledge you need to streamline your loan application and increase your chances of approval.

The Documentation Demystified

Before diving into

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Mastering the Loan Application Process: Essential Documentation & Lender Criteria Unveiled

Do College Football Towns Make the BEST Real Estate Investing Markets?

What makes a good real estate market? A stable or growing population, large employers nearby, tourism, and, as a bonus, college-educated residents. Put those all together, and you’ve just stumbled […]
Do College Football Towns Make the BEST Real Estate Investing Markets?

ICYMI: Luxury apartments set for La Cantera, and it's time to show your medal!

Luxury apartments are coming to La Cantera, and VIA gets federal funding boost for Advanced Rapid Transit lines.

Foreclosure, What Does It Mean? – Part 2

The Homeowner’s Response

Foreclosure, What Does It Mean? - Part 2

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Read the Businessweek article about the lapsed VA program that put thousands of veterans at risk of losing their homes

US Veterans Got a Mortgage Break gave borrowers a year without mortgage payments. Some are finding their lenders would rather foreclose than let them pick up where they left off. About 8.5 million homeowners availed themselves of the program, including about 445,000 military veterans such as Rosado, a former Army paratrooper whose loan was backed by the US Department of Veterans Affairs. The program was a feature of the Coronavirus and Social Security Act. For more than $12 trillion in the last year, and more... more
Read the Businessweek article about the lapsed VA program that put thousands of veterans at risk of losing their homes

February housing starts increased 14% from January: Canada Mortgage and Housing Corp - Mortgage Rates & Mortgage Broker News in Canada

Canada Mortgage and Housing Corp. said Friday that housing starts jumped 14 per cent to 253,468 in February. In February, the indicator showed starts at 245,665, up by 0.4 per cent from January. The pace falls short of the more than 277,000 starts Canada was seeing on a six-month trend in late 2022, before rising interest rates hit borrowing costs and created recession concerns. Analysts have been expecting slower housing starts this year. Expectations for rate cuts later this year are also helping drive the... more
February housing starts increased 14% from January: Canada Mortgage and Housing Corp - Mortgage Rates & Mortgage Broker News in Canada

What are the hidden costs of long-term home ownership?

What is the maximum seller concession on a conventional loan?

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Troubled apartment market forces steep concessions from landlords

On average, a majority of San Antonio landlords are offering about one month of free rent, bringing overall rates down.

Happy Thanksgiving

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An Important Notice for homeowners with VA loans who are dealing with the threat of foreclosure

The Department of Veterans Affairs just announced that it is asking mortgage servicers not foreclose on veterans and service members who are delinquent on their VA home loans until May 31, 2024. The VA’s action comes in response to an NPR investigation that discovered thousands of veterans who utilized a COVID forbearance program offered by the agency were at risk of losing their homes even though they had done nothing wrong.

The Partial Claim Payment program (PCP), set up by Congress in the midst

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An Important Notice for homeowners with VA loans who are dealing with the threat of foreclosure

Bloom unveils new home equity prepaid Mastercard as novel way for seniors to fund retirement - Mortgage Rates & Mortgage Broker News in Canada

A first-of-its-kind product by Toronto-based Bloom Finance Company is offering an innovative solution for seniors struggling to fund their retirement in the face of rising costs.

According to a study conducted by the fintech provider and Angus Reid, 67% of Canadian homeowners over the age of 55 are concerned that their savings won’t sustain their quality of life through retirement, and 46% are considering taking on part-time work to close the gap.

Though Bloom already offers a reverse mortgage

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Bloom unveils new home equity prepaid Mastercard as novel way for seniors to fund retirement - Mortgage Rates & Mortgage Broker News in Canada

How can I improve my chances of getting approved for a loan in California?

'We have to work harder to show our value': Reaction pours in after landmark realty commission settlement

Real estate agents nationwide are trying to understand how the National Association of Realtors' settlement in a headline-grabbing lawsuit will affect their jobs. A lot remains unclear, but North Texas residential real estate groups and agents provide some initial reactions.

Foreclosure, What Does It Mean? – Part 1

Foreclosure is the initiation of a lawsuit for the rights to ownership of the property. The foreclosure process begins after the homeowner’s default, which technically occurs when they have missed mortgage payments on their home mortgage loan. The number of payments a homeowner can miss before a default notice is sent depends on the financial institution and its policies with regard to defaulted loans. There are plans such as forbearance agreements, mortgage modifications and other programs. The law office... more

DannLaw Client Update for May 2023…

Hello and Happy Spring. I’m reaching out today to provide our clients and friends with updates about several pending cases, new investigations and an exciting new addition to the DannLaw legal team.  First I would like to introduce and welcome Jeff Crossman to DannLaw. Jeff, who recently joined DannLaw after serving in the Ohio House […]

The post DannLaw Client Update for May 2023… appeared

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DannLaw Client Update for May 2023…

Renters have harder time accumulating wealth than homeowners: RBC economist - Mortgage Rates & Mortgage Broker News in Canada

Renters face daunting barriers in their attempts to build wealth as they’re forced to devote an increasing share of their income to keeping a roof over their head, said an RBC report out Thursday.

The report by economist Carrie Freestone adds to a growing body of research painting a stark picture of the wealth divide between renters and homeowners.

Homeowners have seen their net worth grow from nine times household disposable income to 13 times since 2010, while for renters, net wealth grew

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Renters have harder time accumulating wealth than homeowners: RBC economist - Mortgage Rates & Mortgage Broker News in Canada

What is the best idea for finding new property in boston?

First-time homebuyers might be hurt most in NAR's $418M settlement, area Realtor says

Real estate agents said the National Association of Realtors' settlement could create new challenges for buyers, especially those who are new to the housing market.

Reverse Mortgages For Co-ops

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OSFI urges lenders to be vigilant amid "heightened risk" in the mortgage market - Mortgage Rates & Mortgage Broker News in Canada

In response to increased risks in the mortgage market, Canada’s banking regulator has issued a reminder to lenders about their risk management responsibilities.

The Office of the Superintendent of Financial Institutions (OSFI) this week released a regulatory notice reminding federally regulated lenders of their obligations pertaining to mortgage risk management and underwriting guidelines.

The measures range from being proactive with vulnerable accounts, including “early and proactive engagement

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OSFI urges lenders to be vigilant amid "heightened risk" in the mortgage market - Mortgage Rates & Mortgage Broker News in Canada

A sea change in real estate is brewing. Here's what it could mean for the Bay Area

The National Association of Realtors is settling the antitrust lawsuits over broker commissions. But does it change anything in the Bay Area?

Happy Halloween!

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Mortgage industry veteran channels decades of experience into new lead conversion tool - Mortgage Rates & Mortgage Broker News in Canada

Russ Morrison spent 25 years as a mortgage broker honing his lead conversion strategy, and the last three and a half building a software program that can do the same for others.

Now his creation, Tactical Mortgage Solutions, is available to brokers across Canada. The digital tool helps brokers present clients with the full spectrum of borrowing options, offers a road map for all client interactions and strategy sessions, and organizes it all into a robust client management platform.

“This

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Mortgage industry veteran channels decades of experience into new lead conversion tool - Mortgage Rates & Mortgage Broker News in Canada

One of the Milwaukee area's busiest homebuilders makes leadership changes, eyes growth

Tim O'Brien Homes, one of the Milwaukee area's most active single-family homebuilders, recently made succession-related leadership changes as the company looks toward growth.

The “Foreclosure Abuse Prevention Act” Levels Playing Field For Homeowners

Foreclosure Abuse Prevention Act

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Marylou Whitney estate in Saratoga Springs listed for sale at $16M

See inside Cady Hill, currently the priciest listing in Saratoga Springs.

SHOULD YOU HIRE A FORECLOSURE DEFENSE LAWYER?

SHOULD YOU HIRE A FORECLOSURE DEFENSE LAWYER?

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Patti Payne's Cool Pads: Tony Award-winning producers list their historic Queen Anne home (Photos)

The owners of this historic Seattle home formerly worked in the financial world, but in recent years have racked up honors as musical theater producers.

LEGAL PROCESS IN STATE AND FEDERAL COURTS INVOLVING FORECLOSURE

LEGAL PROCESS IN STATE AND FEDERAL COURTS INVOLVING FORECLOSURE

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Dream Cabins: Sturgeon Lake log home on 6 acres goes to market

The main house is located on a parcel that has 300 feet of shoreline on Sturgeon Lake. The property is being sold with a second 4.5-acre parcel that comes with 487 feet of shoreline on the smaller Johnson Lake, which is designated engine-free.

CAN I FIGHT A FORECLOSURE?

CAN I FIGHT A FORECLOSURE?

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84-acre Goddard housing community sets sights for Phase 2

The owners revealed the lots of the first phase have almost sold out.

A Primer On The Foreclosure Process

PRE-FORECLOSURE

A Primer On The Foreclosure Process

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