HomeLight

DECEMBER 30, 2021

When you signed on the dotted line for your 30-year mortgage , it probably felt equal parts daunting and surreal. You can always sell your home, or refinance using a loan with better terms, or perhaps you’ll stumble into a windfall of cash that will eliminate all your debts with a flourish. Why pay off a mortgage early?

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HomeLight

SEPTEMBER 30, 2021

DISCLAIMER: This article is meant for educational purposes only and is not intended to be construed as financial, tax, or legal advice. You’d like to sell your current home, but the mortgage isn’t paid off yet. Most of my sellers have a mortgage,” echoes Rebecca Carter, a top real estate agent in Knoxville, Tennessee.

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RIS Media

FEBRUARY 1, 2021

Getting a Healthy Credit Score and Keeping It. If you have student loans, you should strive to pay them off as soon as you’re able. Today, we will talk about ways to get a good credit score and how to maintain a healthy credit score when you already have one. Do you have strong desires to own your first house?

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Redfin

SEPTEMBER 27, 2021

Shopping for a mortgage, you might encounter lenders who pre-qualify you for a higher loan amount than you expected. If you take the highest loan amount, you risk maxing out your available funds and becoming “house poor,” without liquidity. Step 1: Understand what percentage of your income should go toward your mortgage .

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Kyle Handy

JANUARY 2, 2023

Consult with your CPA before filing your taxes and using any advice in this article. Consult with your CPA before filing your taxes and using any advice in this article. Still, I began to figure out how to keep more money by understanding how Realtor tax deductions and strategies could work to my advantage as a real estate agent.

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HomeLight

AUGUST 31, 2021

It’s a goal that can take years of scrimping and saving to squirrel away a down payment — not to mention the careful spending and meticulous bill-paying required to keep your credit score high. In the meantime, you’re still paying rent, maybe even more each month than you’d pay for a mortgage payment. Sounds ideal, right?

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Marco Santarelli

SEPTEMBER 6, 2020

Some passive income ideas—like investing in stocks or renting out a property—may take some work to get up and running, but they could eventually earn you money while you sleep. Now, there are different types and degrees of passive income, which we'll get into. You can do the work once and get that passive income forever.

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HomeLight

JANUARY 10, 2023

Disclaimer : HomeLight does not provide legal advice. For example, the California Association of Realtors (CAR) lists no fewer than 10 disclosure forms required for nearly all residential real estate transactions, with dozens of additional stipulations and advisories for buyers and sellers to know about.

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Real Trends

MAY 13, 2022

So began RESPA, a law that banned quid pro quo deals, like, say, a real estate agent being able to use a title agent’s car for a year in exchange for referrals. A 1992 amendment to RESPA, for example, permits mortgage partnerships, or joint ventures, where equity in earnings are split 50-50.

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Afford Anything

JANUARY 25, 2021

George is torn between paying down his student loan debt (which he deferred) or buying a househack. I’m torn between paying down my student loan debt versus buying a househack. I have a total of $130,000 in federal student loans – $26,000 in my name, and $104,000 in my parents’ names. I don’t have any revolving debt.

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HomeLight

JUNE 13, 2022

You need to save up money for a down payment and closing costs (which are calculated as a portion of your purchase price), but home prices just keep going up — so when you finally reach your goal, you realize that the goalposts have moved, and the hill is even taller than you thought. for an FHA loan. for an FHA loan.

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HomeLight

JUNE 16, 2023

The average American household credit card debt is $5,315 , the average student loan debt is almost $39,000 , and the average car loan for a new vehicle is around $44,140. In some instances, prioritizing paying off your high-interest debt over your fixed-rate mortgage can expedite your journey to financial freedom.

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HomeLight

JUNE 30, 2022

There are many steps along the way to homeownership , and it can get quite bumpy. We asked our top agents for their best advice for first-time buyers and we’re going to delve into the top dos and don’ts when buying a home; some may be odd, others may be more obvious, and several you may have never considered.

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HomeLight

AUGUST 28, 2020

If you’re buying a home, you probably already know you want to get the lowest mortgage rate possible. And you’ve also likely heard that mortgage rates are super low (and have been for years!) What, exactly, is a mortgage rate? And how do you get a low rate? Mortgage rates are relatively complex.

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HomeLight

MAY 27, 2021

But when it comes to one of the key aspects of buying that home — how to get a mortgage loan — you may draw a blank. No one daydreams about filling out mortgage applications, and the process is complicated because you have to keep track of so many details and make so many choices. Step 1: Prepare your finances.

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The Close

MAY 15, 2023

But when we start to break it down, we can get some insight into what’s happening now, find some silver lining, and help our first-time homebuyers. ” Homeowners who’ve locked in low mortgage rates are further disincentivized, despairing at giving them up for rates that could be twice as high. There’s nothing for me to move into!”

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HomeLight

JUNE 16, 2023

Think about what you want today First things first: Why are you buying property abroad and what are you hoping to get out of it? Figure out what you’ll need to save to get your foot in the door. Get Started 5. You’ll want to know how walkable the neighborhood is (will you need a car?) There are a lot of variables.”

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HomeLight

OCTOBER 29, 2021

Houses are getting snatched up quickly, and sellers know they have their pick of buyers; while things seem to be settling slightly by the last quarter of 2021, it certainly doesn’t appear to be turning into a buyer’s market anytime soon. The market here, which was already hot, was just getting hotter,” says Olivia.

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Marco Santarelli

AUGUST 17, 2020

We’re not going to tell you where to go to find a real estate investment loan or good building contractor; you can find recommendations in those areas almost anywhere. ConnectionsSM Plus: It is a complete lead generation system to get you in front of serious local buyers searching on realtor.com®.

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Redfin

JUNE 1, 2022

The government usually combats inflation in real estate by increasing mortgage interest rates, but prices continue to rise regardless. Cost-Push Inflation: When supply is limited, but demand remains similar, prices get pushed higher. Mortgage rates typically move in tandem with inflation. Expert advice: look to the past.

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Redfin

FEBRUARY 10, 2021

In early 2021, homebuyers will remain undeterred by the pandemic, eager to take advantage of sub-3% mortgage rates while they last. With so many buyers and so little to choose from, the majority of homes that hit the market are getting multiple offers. A Deeper Look at Today’s Housing Market. There is a shortage of homes for sale.

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HomeLight

OCTOBER 1, 2020

The reasons are myriad, from getting a good deal to living in a neighborhood you couldn’t otherwise afford. If you’ve thought about buying a foreclosure, plenty of websites offer advice — or even promise to teach you the tricks of buying foreclosures and flipping homes for a “low fee” of several thousand dollars. A great opportunity.

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HomeLight

FEBRUARY 3, 2022

To get through a process that can be challenging in so many ways, review this list of strategies and resources to help you cope during this limbo home-selling period and minimize stress along the way. A cash buyer will offer the entire amount for the house with no mortgage or other type of financing involved. According to Dec.

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HomeLight

MARCH 27, 2023

You won’t get much value out of the group if you’re not a Walkthrough listener.) If you’re already a listener, come join us to mastermind with other listeners, connect with the guests that you hear on the show, learn from other agents and share your knowledge, get exclusive content, influence future episodes, and more.

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HomeLight

APRIL 26, 2023

Get Started Note: Once you’ve seen what’s required, you can roll up your sleeves and get started with your FSBO sale. Plus, when a seller isn’t working with an agent, the buyer’s agent may end up carrying more of the weight to get the deal to the finish line. They don’t want to have to pay the agent fee.

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The Close

DECEMBER 29, 2022

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. Adjustable-rate mortgage (ARM).

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HomeLight

FEBRUARY 14, 2022

We’ll map out how you can create a savings plan that both works to get you into your dream home ASAP and works for you on a day-to-day basis in the meantime. How much you need to save for a down payment and associated expenses will depend on what type of loan you’re expecting to get. FHA loans often require just 3.5%

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