HomeLight

APRIL 20, 2023

Editor’s note: This post will help answer the question: How much are closing costs in Pennsylvania (PA)? The example costs provided are based on median home prices and typical fees. Your closing costs may differ depending on your circumstances and the terms of your home purchase. What are closing costs?

Closing costs 79

Closing costs Closing Inspection Loans 79

HomeLight

JANUARY 22, 2024

Matt Megel , managing partner with CAZA Group , which sells homes 85% faster than the average Virginia agent, says that unlocking their home’s equity on a budget is one of the main drivers for homeowners wanting to sell their property “as is.” Skip repairs and close in as few as 10 days. Looking to sell a house “as is” in Virginia?

As-is 90

As-is Inspection Equity Renovation 90

Marco Santarelli

MAY 11, 2024

housing market has been on a rollercoaster ride in recent years. Let's dissect the data from ATTOM, a leading real estate data provider, to gain a clearer picture of the current market's health. Let's dissect the data from ATTOM, a leading real estate data provider, to gain a clearer picture of the current market's health.

Mortgages 103

Mortgages Marketing Equity Pre-approval 103

Housing Wire

FEBRUARY 15, 2024

They made good money, but with student loans and car payments, they didn’t have the money for the down payment and closing costs,” Saller said. Every call I get, if they are first-time homebuyers, they ask, ‘Where can I get money for a down payment or closing costs?’”

FHA loan 446

FHA loan Loans Closing costs Loan Officer 446

HomeLight

JANUARY 12, 2024

A lot of people don’t have the money — they’ve got equity in their home, but they have no way of accessing it,” says Eddie Crosslin , an agent with Crye-Leike Real Estate Services. Tennessee attorneys are not considered essential for closing in Tennessee Real estate transfer taxes? MLS has a field to mark a listing “as is”?

As-is 97

As-is Investor Residential Closing costs 97

Housing Wire

SEPTEMBER 8, 2022

Bank of America recently announced a loan for lower-income households that doesn’t require homebuyers to come up with a downpayment or closing costs, and doesn’t base the loan on a minimum FICO score. If they lost their job, they have a lot of equity in their home, and most likely their financials have gotten better over time.

Loans 544

Loans Banks Equity Closing costs 544

HomeLight

AUGUST 20, 2021

If you’re selling a home in Connecticut, you should familiarize yourself with closing costs that sellers pay to finalize the transaction. The average closing costs for home sellers fall between 6% to 10% of the home’s sale price. Connecticut sellers can count on these costs. Source: (Roger Starnes Sr / Unsplash).

Closing costs 108

Closing costs Closing Title search Title 108

Housing Wire

MARCH 20, 2024

Many buyers struggled with the financial burden of covering closing costs , making it difficult or impossible to also cover the compensation for agent representation. Before the 1990s, the concept of “buyer beware” prevailed, leaving buyers without representation and vulnerable to exploitation or disadvantage.

Debt-to-income ratio 475

Debt-to-income ratio Agents Equity Closing costs 475

HomeLight

NOVEMBER 30, 2023

Buying and selling homes in Maine often involves a tricky balance of timing and funds, especially in a market with low inventory and high prices. Think of it as a short-term loan that taps into the equity of your current home, providing you with the necessary funds to make a down payment and cover closing costs on your new property.

Equity 100

Equity Loans Debt-to-income ratio Home sale contingency 100

HomeLight

DECEMBER 13, 2023

Balancing limited time and finances may feel impossible in a market where inventory is tight and prices continue to rise. Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home.

Equity 104

Equity Loans Debt-to-income ratio Home sale contingency 104

HomeLight

NOVEMBER 30, 2023

This becomes particularly challenging in a market where homes are scarce, and prices are high. Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home.

Equity 103

Equity Loans Debt-to-income ratio Home sale contingency 103

HomeLight

DECEMBER 5, 2023

A bridge loan is your short-term financial bridge, designed to help you purchase that new home while your old one is still on the market. Here’s how it works: Your bridge loan, also known as a swing or bridging loan, leverages the equity you’ve built up in your current home. You’re not alone.

Equity 95

Equity Debt-to-income ratio Loans Home sale contingency 95

HomeLight

JANUARY 30, 2024

Navigating the real estate market in Denver can feel like a high-wire act, especially when juggling selling your current home with purchasing a new one. This balancing act becomes even more challenging in a market with low inventory and high prices. This can be a game-changer in fast-paced markets like Denver.

Equity 94

Equity Loans Debt-to-income ratio Home sale contingency 94

HomeLight

DECEMBER 29, 2023

This can be even more difficult in a market like Dallas, where inventory is scarce and prices are soaring. Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home.

Equity 95

Equity Loans Debt-to-income ratio Home sale contingency 95

HomeLight

DECEMBER 13, 2023

This can be especially tough as the San Diego market is plagued by notoriously low inventory and high prices. This allows you to utilize the equity from your existing property and streamline the transition into your new home without needing temporary housing. What is a bridge loan, in simple words?

Equity 108

Equity Loans Debt-to-income ratio Home sale contingency 108

Housing Wire

FEBRUARY 14, 2024

As a result, homeowners either must sell their current home and suffer through double moves and short-term rentals to access the equity they’ve accrued, or they have to make contingent offers that require the sale of their current house to close. Buy before you sell (BBYS) products may be the answer.

Backup offer 412

Backup offer Loan Officer Home sale contingency Branding 412

HomeLight

NOVEMBER 29, 2023

In a market where inventory is limited, and prices are high, syncing the timing and finances of both transactions becomes a significant challenge. This type of loan leverages the equity in your existing home, providing you with the necessary funds to make a down payment and cover closing costs on your new property.

Equity 105

Equity Loans Debt-to-income ratio Home sale contingency 105

HomeLight

DECEMBER 15, 2023

Lining up the sale of your current home while trying to close the deal on a new one, particularly in a competitive market where inventory is low, may feel impossible. It uses the equity from your previous home to cover the down payment and closing costs for your new home, acting as a financial bridge between the two transactions.

Equity 97

Equity Loans Debt-to-income ratio Home sale contingency 97

HomeLight

NOVEMBER 29, 2023

Especially in today’s market, where inventory levels are low, and prices are soaring, aligning the timing and finances of both transactions can be particularly challenging. It leverages the equity in your current home, providing you with the necessary funds for a down payment and covering closing costs on your new property.

Equity 98

Equity Loans Debt-to-income ratio Home sale contingency 98

HomeLight

SEPTEMBER 30, 2020

Unexpected setbacks and misfortunes happen, whether that stems from a dramatic housing market downturn, getting laid off, or any other wrenches that life (or a worldwide pandemic) throws into your plans. If you’re interested in a short sale opportunity, get a better idea of what you’re in for and what closing costs you can get covered.

Short sale 97

Short sale Closing costs Closing Sales 97

HomeLight

NOVEMBER 30, 2023

Selling your old home and buying a new one in New Jersey often involves a tricky balance of timing and funds, especially in a market with low inventory and high prices. The key here is leveraging the equity in your existing home. This equity provides the necessary funds to pay down and cover closing costs for your new home.

Equity 103

Equity Loans Debt-to-income ratio Home sale contingency 103

Housing Wire

MAY 12, 2022

Worsening market conditions are only going to accelerate an already hyper-competitive mortgage lending industry that is still learning to adapt to post-pandemic homebuying behaviors. Market research backs that up. Rates are rising. Refinances are falling. Inventory is contracting. Application fallouts are worsening. Of course you do.

Lending 358

Lending Marketing Pre-qualification Pre-approval 358

HomeLight

MAY 16, 2024

Sell the house and split the proceeds: This is often the simplest solution, ensuring both parties walk away with their share of the equity. Buy out your spouse’s equity: This option allows one partner to keep the home by paying the other their share of the home’s value. Home value: The current market value of your home.

Closing costs 76

Closing costs Equity Closing Staging 76

HomeLight

DECEMBER 7, 2023

Finding the perfect balance between selling and buying can be tough in a market where inventory is low and prices are high. Bridge loans allow you to purchase a new home before selling your current residence, alleviating pressure and uncertainty while unlocking the equity in your current home. Are you a homeowner in Washington, D.C.,

Equity 102

Equity Loans Home sale contingency Debt-to-income ratio 102

HomeLight

DECEMBER 15, 2023

With rising prices in a market where homes are in high demand, timing your sale and purchase can be particularly challenging. Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home.

Equity 94

Equity Loans Debt-to-income ratio Home sale contingency 94

Housing Wire

AUGUST 10, 2023

Mortgage , and/or Closing Cost Credit. For eligible borrowers at or below 80% AMI, the mortgage program allows a 3% down payment on a fixed-rate mortgage and the closing cost credit program provides up to $5,000 to use toward closing costs. Wells Fargo’s mortgage originations reached $7.8

Fixed-rate mortgage 370

Fixed-rate mortgage Closing costs Lending Banks 370

HomeLight

DECEMBER 14, 2023

This can be a vital tool in a market like San Francisco, where every minute counts. Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home.

Equity 99

Equity Loans Debt-to-income ratio Home sale contingency 99

HomeLight

NOVEMBER 29, 2023

Navigating the real estate market in Hawaii can often feel like a high-stakes balancing act, especially when you’re trying to sell your old home while buying a new one. This challenge becomes even more daunting in a market where inventory is scarce, and prices are soaring. But what if there was a smoother way to transition?

Equity 92

Equity Loans Debt-to-income ratio Home sale contingency 92

Housing Wire

JANUARY 25, 2023

. “This program helps tear down these barriers and open more doors to the houses, neighborhoods, and lifestyles of our customers’ dreams, an investment that will help build a foundation for generations to come,” Kasey Marty, executive vice president of secondary marketing at Guaranteed Rate, said in a statement.

Equity 383

Equity Closing costs Loans Title 383

HomeLight

NOVEMBER 30, 2023

In a market where inventory is limited, and prices are high, syncing the timing and finances of both transactions becomes a significant challenge. This type of loan leverages the equity in your existing home, providing you with the necessary funds to make a down payment and cover closing costs on your new property.

Equity 95

Equity Loans Debt-to-income ratio Home sale contingency 95

HomeLight

DECEMBER 4, 2023

In a market where inventory is low and prices are high, synchronizing the sale of your current home with purchasing a new one adds an extra layer of complexity. This type of loan leverages the equity in your existing home, providing you with the necessary funds to make a down payment and handle closing costs on your new property.

Equity 100

Equity Loans Debt-to-income ratio Home sale contingency 100

Housing Wire

MAY 3, 2022

A Palo Alto, California-based fintech startup Point , which bills itself as allowing homeowners to tap into future home appreciation, closed on a $115 million Series C funding round, the company announced Tuesday. Point now says it has raised $170 million in equity capital. Presented by: LERETA.

Equity 370

Equity Investor Closing costs Finance 370

HomeLight

NOVEMBER 17, 2023

The balancing act becomes even more intricate when faced with low inventory and high prices in today’s real estate market. Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home.

Equity 94

Equity Loans Debt-to-income ratio Home sale contingency 94

Housing Wire

APRIL 26, 2023

Another tactic is to capitalize on newly built homes – a silver lining in the inventory-lacking market – which now account for a third of available inventory, double than normal levels, according to Redfin. Capitalizing on the two-story market New builds represent another silver lining.

Loan Officer 395

Loan Officer Mortgages Loans Closing costs 395

HomeLight

NOVEMBER 29, 2023

Navigating the real estate market in Idaho can often feel like a high-stakes balancing act, especially when you’re caught between selling your old home and securing your new dream house. This challenge becomes even more daunting in a market where inventory is scarce and prices are soaring. What is a bridge loan, in simple words?

Equity 90

Equity Loans Home sale contingency Debt-to-income ratio 90

HomeLight

NOVEMBER 29, 2023

In a market with limited inventory and high prices, aligning the timing and finances for both transactions becomes a significant challenge. This type of loan leverages the equity in your existing home, providing you with the necessary funds to make a down payment and handle closing costs on your new property.

Equity 92

Equity Loans Debt-to-income ratio Home sale contingency 92

Housing Wire

MAY 25, 2023

Older Americans are sitting on more than $12 trillion in home equity, according to the National Reverse Mortgage Lenders Association (NRMLA)/ Riskspan Reverse Mortgage Market Index. These homeowners are seeking different retirement solutions to help allocate their home equity and make it more durable over the next 20 to 30 years.

Loan Officer 395

Loan Officer Equity Finance Loans 395