HomeLight

DECEMBER 27, 2023

Here, we explore five areas you can cover with a mortgage lender before putting your home on the market that will protect your best interests as a seller and give you a clear view of your current financial picture so you don’t regret the day you sold your house. Even with a fixed-rate mortgage, your total monthly payment can change.

Pre-approval 107

Pre-approval Mortgages Equity Principal 107

Marco Santarelli

SEPTEMBER 22, 2023

When home prices rise rapidly, it can lead to a number of negative consequences, including: A decline in consumer spending : Homeowners who are seeing the value of their homes increase may be more likely to borrow money against their home equity. Choose a fixed-rate mortgage : A fixed-rate mortgage will protect you from rising interest rates.

Pre-approval 98

Pre-approval Fixed-rate mortgage Lending Equity 98

Realty Biz

AUGUST 12, 2023

Here are some key terms and their definitions: Mortgage : A loan specifically used to purchase real estate. In a mortgage agreement, the buyer borrows money from the lender (usually a bank) and agrees to pay it back with interest over a specified period. Principal : The amount of money you borrowed to buy the home.

Purchase and sale agreement 97

Purchase and sale agreement Mortgages Pre-approval Title search 97

Redfin

DECEMBER 15, 2023

In 2020, interest rates took a sharp dive as the Federal Reserve sought to stave off economic collapse amid the pandemic. The resulting low rates sparked a surge in real estate transactions, with numerous homebuyers securing 30-year fixed-rate mortgages below 3%.

Fixed-rate mortgage 69

Fixed-rate mortgage Mortgages Title search Equity 69

Realty Biz

MARCH 30, 2023

There are fixed-rate mortgages, adjustable-rate mortgages, hybrid loans, reverse mortgages, and FHA loans that all come with varying interest rates. To get the best rate for your situation, be sure to look closely at each type of mortgage.

Mortgages 102

Mortgages Pre-approval Pre-qualification Due diligence 102

Redfin

JULY 11, 2023

The interest rate and term length determine the amount of your monthly payments. What are the different types of mortgages? When considering mortgage options, it’s important to understand the different types available. Once the borrower’s equity reaches 20%, PMI can be canceled.

Pre-approval 59

Pre-approval Mortgages Pre-qualification Debt-to-income ratio 59

Toronto Realty Blog

JUNE 20, 2022

He got his ducks in a row early in the year and had a mortgage pre-approval with a 5-year, fixed rate of 2.79%. In the meantime, his mortgage pre-approval expired! With the massive increase in interest rates, he is now looking at a five-year, fixed-rate mortgage of 5.19%.

Principal 97

Principal Fixed-rate mortgage Pre-approval Mortgages 97