The Dodd-Frank Act reshaped mortgage lending, helping real estate agents guide buyers and sellers more confidently. With clear disclosures through the Loan Estimate and Closing Disclosure forms, agents can ensure clients understand mortgage terms, reducing surprises at closing. Rules like the Ability-to-Repay and Qualified Mortgage standards mean agents need to work closely with lenders to confirm buyers are financially qualified. While stricter lending can slow some deals, it creates a more stable market and fewer foreclosures in the long run. Understanding these protections helps agents advocate for clients while staying in their lane. Always refer clients to licensed financial professionals for advice. More info here: https://lnkd.in/e3E33Nab #RealEstateAgents #DoddFrankAct #MortgageTips #HomeBuying #RealEstate
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Contrary to popular belief, not all home buyers need to put down 20%. For first-time home buyers - comprising more than 1/3 of all home buyers - the downpayment is significantly lower, in the 5% range. At Primary Residential Mortgage, we have low downpayment options to help families buy a home and start investing in their future. Let's talk!
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Being pre-qualified for a mortgage gives an estimate based on self-reported info, while pre-approval involves lender-verified financials and offers stronger bargaining power. Learn more at https://lnkd.in/eETrKiry #PembrokePinesHomes #PembrokePinesRealEstate
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Being pre-qualified for a mortgage gives an estimate based on self-reported info, while pre-approval involves lender-verified financials and offers stronger bargaining power. Learn more at https://lnkd.in/ex6iwg8K #ResnickRealEstate #RichmondAreaRealEstate
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Being pre-qualified for a mortgage gives an estimate based on self-reported info, while pre-approval involves lender-verified financials and offers stronger bargaining power. Learn more at https://lnkd.in/e2T4TCfN #hafnerrealestate #tnrealestate
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Being pre-qualified for a mortgage gives an estimate based on self-reported info, while pre-approval involves lender-verified financials and offers stronger bargaining power. Learn more at https://lnkd.in/gU4PwtQH #SantaClaraCountyHomes #MSantaClaraCountyRealEstate
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Company Owner and Real Estate Broker Sandpoint Realty 208-610-0011 northidahosandpoint.com and Owner at Silverhawks Creations
Being pre-qualified for a mortgage gives an estimate based on self-reported info, while pre-approval involves lender-verified financials and offers stronger bargaining power. Learn more at https://lnkd.in/gKJ2ams7 #SandpointHomes #SandpointRealEstate
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Understanding your mortgage terms is key to making informed decisions! Let's talk about 'Appraisal,' brought to you by Alyssa Schwerma: https://lnkd.in/gVWnPNFz. 🏡 📝 💰 An appraisal assesses the value of your prospective property, helping determine its worth in the market. It's crucial for both buyers and lenders, ensuring fair transactions and loan approvals. #Appraisal #MortgageTerminology #HomeBuying101
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Being pre-qualified for a mortgage gives an estimate based on self-reported info, while pre-approval involves lender-verified financials and offers stronger bargaining power. Learn more at https://lnkd.in/gGHKtcXJ #adventuresinrealestate
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Being pre-qualified for a mortgage gives an estimate based on self-reported info, while pre-approval involves lender-verified financials and offers stronger bargaining power. Learn more at https://lnkd.in/gFbwT8P6 #ArdenHillsHomes #ArdenHillsRealEstate
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Being pre-qualified for a mortgage gives an estimate based on self-reported info, while pre-approval involves lender-verified financials and offers stronger bargaining power. Learn more at https://lnkd.in/eTw5BfNd #MemphisHomes #MemphisRealEstate
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