Realty Biz

SEPTEMBER 23, 2023

When choosing a buyer's agent, consider factors like experience and qualifications. Understanding the mortgage process, including prequalification and pre-approval, is also essential. The agent also helps with the paperwork, including making offers, reviewing contracts, and coordinating inspections and appraisals.

Purchase and sale agreement 73

Purchase and sale agreement Pre-approval Agents Pre-qualification 73

Redfin

APRIL 7, 2023

Get pre-approved for a mortgage My advice to first-time homebuyers is to find a good loan officer and get pre-approved, fully underwritten approval is best. Work with that loan officer and their agent to understand what timeframes they’re comfortable with in an offer. If the rate buy down puts the interest rate 1.5%

Pre-approval 58

Pre-approval Agents Pre-qualification Debt-to-income ratio 58

HomeLight

JUNE 28, 2021

Due to the nature of how a home becomes a “HUD home,” purchasing one differs from the traditional homebuying process, and there are a few qualifications, special incentives, and risks that any savvy homebuyer should be aware of. Buyers should arrange financing with a bank or mortgage lender ahead of time. Qualifying for a HUD home.

Pre-approval 104

Pre-approval Pre-qualification FHA loan Inspection 104

HomeLight

AUGUST 16, 2021

Did you know there are multiple types of home loans, and they all have different qualifications and unique features that work for certain buyers? Here’s a quick breakdown: Loan type. Competitive rates, widely available, lower fees than FHA loans. Buyers with strong credit and qualifications. VA (government-backed).

Closing costs 104

Closing costs Purchase and sale agreement Inspection Loans 104

HomeLight

MAY 31, 2021

Conventional home loans are private loans that aren’t secured by any kind of government program, and these are available through banks, credit unions, and mortgage companies. The minimum down payment can be as low as 3%, but that is contingent on the buyer’s qualifications. What does the loan process look like?

Mortgages 68

Mortgages Debt-to-income ratio Loans Closing costs 68

HomeLight

APRIL 11, 2022

The Uniform Standards of Professional Appraisal Practice — or quality control standards — require an appraiser to be impartial and “ not favor a predetermined outcome ,” according to the Appraisal Foundation, the nation’s Congressionally authorized source of appraisal standards and qualifications.

Loans 109

Loans Pre-approval Agents Inspection 109

The Close

DECEMBER 29, 2022

A contingency might be the buyer selling their current house, requiring certain repairs to be made, or obtaining a clean termite inspection. It’s an official form certifying that a veteran has met the terms that qualify someone for a VA loan. This is the amount of a property that a person (not the bank) actually owns.

Purchase and sale agreement 98

Purchase and sale agreement Title Proof of funds Pre-approval 98