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Understanding the Closing Costs Associated With a New Home Purchase

RIS Media

Most buyers just want to know what fees and costs are associated with their new home purchase or refinance. May vary widely between lenders and are not dependent on the cost of the loan. Items to Be Paid at Close of Escrow. Non-Recurring Costs Not Associated With the Lender. We are here for you and your clients.

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Understanding Closing Costs: Who Usually Pay

CT Homes

When buying or selling a home, the topic of who pays closing costs is bound to come up eventually. Any real estate transaction will host numerous costs and fees that will be factored into the purchasing process on top of the property’s value. What are Closing Costs? Does the Buyer or Seller Pay Closing Costs?

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4 Reasons You Should Get a Mortgage Pre-Approval

RIS Media

If you’re just starting out with the home-buying process, you may want to get a mortgage pre-approval. This is a statement from a lender that informs you of a certain amount you are qualified to borrow, as well as a specific pre-approved interest rate. Speed Up the Closing Process. Speed Up the Closing Process.

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LenderLogix launches POS system for small- to mid-sized lenders

Housing Wire

Patrick O’Brien, the founder and CEO of LenderLogix , said the product was designed in response to the need for a more efficient and cost-effective method of managing the loan application process. QuickQual is an adjustable pre-approval letter that gives payment and closing cost scenarios and the option to update agent letters.

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How Long Does It Take To Close On A House In California?

CT Homes

One of the pivotal moments in this journey is the closing process—the final lap in the race to your new home. But just how long does it take to close on a house , especially in a state as diverse as California? What Does Closing On A House Mean? Once an offer is made and accepted, the closing process formally begins.

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5 tips for finding the right mortgage lender for you

Housing Wire

Getting approved for a loan is only part of the battle. But the truth is, when lender’s pre-approve homebuyers, they don’t always take into account monthly payments. But the truth is, when lender’s pre-approve homebuyers, they don’t always take into account monthly payments. Buying a home?

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Top 5 mortgage terms to know before you buy a house

Housing Wire

Pre-approval. As long as you go through with the deal, the deposit will go toward your closing costs and down payment. They’re best if you plan to move before the rate can adjust or if you’re willing to refinance not long down the line. This is sometimes called “prequalification,” depending on your mortgage lender.