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Quicken Loans arguably has the mortgage industry’s squeakiest-clean image – named. So what to make of this decision, which touches on one of the most sensitive issues in real estate? Clearly this.
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Fannie Mae alone lists 4,352 homes currently for sale in Florida – 568 of them in Broward County, 267 in Miami. buy mortgages from lenders to free them up to provide more loans to buyers. It keeps.
But more than six out of 10 sales in May across Palm Beach and Broward counties. should be preapproved by a lender for a specific mortgage amount so they can act quickly the moment a home is listed.
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One bellwether: Lending Tree, the popular online marketplace where banks and mortgage companies compete for borrowers’ business, tells me that shoppers for home loans are receiving significantly more.
Record low interest rates and bargain home prices are creating a mini-boom in Florida mortgages, a new national survey shows. Florida accounted for more than one out of every five home loans added.
Becky Walzak, a Deerfield Beach-based mortgage industry consultant, said she expects home-buying to slow down in January when new lending standards take effect. The Ability-to-Repay rule will.
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Dan Longman, president of Priority Lending Corp. in Cooper City, said lenders want borrowers to have a 740 credit score or higher to qualify for the lowest-rate mortgages loans.