Remove Closing costs Remove Loans Remove Rent back Remove Short sale
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Buying a House Online? How to Get it Done in 15 Steps

HomeLight

Or that FHA loan limits vary widely, too? Buyers who are moving from one area of the country to another could be shocked at the difference in prices and loan limits. The conventional loan limit is much higher in Massachusetts, she explains, “so I qualified for a higher mortgage with only 5% down.” When it’s a bad idea.

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Sell Your House for Cash: For Some, the Convenience Can’t Be Beat

HomeLight

Fifty-seven percent of agents have seen buyers leverage their own retirement or securities funds, 49% have seen buyers take out a home equity loan or home equity line of credit, and 38% have seen buyers receive short-term loans from family members in order to buy a house with cash.

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Do I Accept the First Offer on My House, or Wait and See?

HomeLight

Cash vs. financing : Cash offers usually result in a faster sale than mortgage-backed offers; if speed is an important aspect of the sale, this could make a significant difference. One solution might be a rent-back that would financially compensate a patient buyer if the seller needs more time to transition after the sale.

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Thinking About Writing a Love Letter to the Seller of Your Dream Home? It’s Not Always a Good Idea

HomeLight

Pre-foreclosure or short sale transactions. Someone facing a foreclosure or who has negotiated a short sale with their lender could have a very negative reaction. Your best purchase price offer is a mix of the final number, earnest money, and perhaps paying some of the seller’s closing costs.