Housing Wire

JANUARY 17, 2024

1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. What is reverse purchase financing?

Finance 428

Finance Seller concession Loan Officer Loans 428

Housing Wire

NOVEMBER 7, 2023

In the aftermath, one of the most contentious issues in the minds of mortgage professionals is how the ruling might affect FHA and VA mortgage borrowers. VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance. points from the 7.5%

VA loan 443

VA loan Agents Seller concession FHA loan 443

Housing Wire

SEPTEMBER 16, 2022

Rocket Mortgage and its wholesale arm Rocket Pro TPO will reduce homebuyers’ monthly mortgage payments by one full percentage point for the first year of their loan. Rocket Mortgage will be covering the difference in mortgage payments in the first 12 months through a special escrow account.

Mortgages 392

Mortgages Seller concession Fixed-rate mortgage Loans 392

HomeLight

APRIL 29, 2021

You must pay off your mortgage before you can transfer the title to a new owner. Loan payoff includes the remaining principal and interest owed up until closing. Once you’ve paid the mortgage in full, the lender sends you a reconveyance deed as proof. Seller concessions. Source: (Sebastian Herrmann / Unsplash).

Closing costs 61

Closing costs Closing Seller concession Homeowner’s association 61

HomeLight

MARCH 31, 2021

Although many closing costs are negotiable, sellers in Georgia are traditionally on the hook for the following: 1. You must pay off your mortgage before you transfer the title to your house. Loan payoff includes the remaining principal and interest owed up until closing. We often encourage [sellers] to keep an eye on that.

Closing costs 96

Closing costs Closing Purchase and sale agreement Title search 96

HomeLight

OCTOBER 30, 2020

you’ve likely missed several months of mortgage payments or may be already incurring the lender’s attorney fees for your continued delinquency. Whatever stage you’re in, it’s natural to feel paralyzed with disappointment, sadness, and a sense of panic when those overdue notices and warnings come from your mortgage company.

Short sale 104

Short sale Banks Equity Mortgages 104

HomeLight

MAY 3, 2023

Staging and prep costs 1%-4% Inspections and repairs varies Title, settlement, and taxes 1%-3% Seller concessions 0%-6% Get a Free Home Value Estimate Enter a few details about your home and we’ll provide you with a preliminary estimate of home value in less than two minutes. However, several states don’t charge these fees at all.

Seller concession 109

Seller concession Purchase and sale agreement Inspection Title 109