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Mortgage, Mortgage, Mortgage: What First-Time Home Buyers Need to Know

Realty Biz

There are fixed-rate mortgages, adjustable-rate mortgages, hybrid loans, reverse mortgages, and FHA loans that all come with varying interest rates. To get the best rate for your situation, be sure to look closely at each type of mortgage.

Mortgages 102
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Mastering Mortgage Basics: 10 Key Concepts Every Homebuyer Should Know

Redfin

The interest rate and term length determine the amount of your monthly payments. What are the different types of mortgages? When considering mortgage options, it’s important to understand the different types available. How does the mortgage pre-approval process work?

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. So we’ve included a handy download with questions your clients should ask their mortgage broker. This is the amount of a property that a person (not the bank) actually owns.

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Problems, Solutions, & The Problem With Those Solutions

Toronto Realty Blog

They need a 120-day closing so they can have their money in a Canadian bank account long enough to satisfy whatever rules are in place. They are likely buying in cash, but who knows, they might take a small mortgage because money is cheap. How much is that offer for? My colleague is literally laughing, the price is so outrageous.

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Tune Up Your Product Knowledge

Patch of Land

Prices in 27 states as of this past March had surpassed peaks reached prior to the housing crisis, and 10 states were within 5 percent of their pre-crisis peaks. Although rising mortgage rates are a concern, low unemployment, improved wage growth and generally strong consumer confidence are working in the mortgage industry’s favor.