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5 Proven Ways to Make Mortgage Loan Processing More Efficient & Time-Bound
Mortgage processing today continues to be slow, unorganized, and labor-intensive. As a result, it is struggling to scale up to meet customers’ expectations of a fast and seamless digital borrowing experiences.
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What Mortgage Companies Need to do to Translate Trends into Opportunities in 2022
In a post-pandemic new year, the mortgage market is expected to witness gradual growth in the number of homebuyers, listing prices, rents, and lending rates. It would be a busy year ahead for lenders as more sellers would enter the market to meet growing buyer needs.
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Benefits of USDA Rural Development Loans
A USDA-sponsored program may seem geared toward farmers and ranchers, but your occupation has nothing to do with your eligibility. Still, income limits, property restrictions, and other requirements apply. Here’s what it takes to qualify for USDA home loan guarantees and direct loans.
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Tips for First-Time Homebuyers
Comparing rent to a mortgage can be difficult. Use our mortgage calculator to break down the purchase price — minus the down payment — into monthly payments based on the term length and interest rate. Remember to consider any of the above factors that also apply to your monthly or yearly homeownership costs.
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Why You Should Get Pre-Approved for a Mortgage Loan
Don’t confuse pre-approval with prequalification. Getting prequalified tells you what loan amount you are eligible for based on your income and debts, but it carries no weight when making offers. Neither one guarantees you’ll eventually qualify for the loan, but if you’re serious about buying a house, make sure to get pre-approved, not just prequalified.
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