HomeLight

AUGUST 29, 2022

Typically, the higher your credit score, the lower your interest rate will be, which saves you money over the life of the loan. Different loan programs will require different down payment amounts, but you do not always need to put 20% down when buying a home. There are some fees involved including loan review and compliance fees.

Earnest money deposit 94

Earnest money deposit Title Inspection Title search 94

HomeLight

MAY 24, 2022

Even though it’s all cash to the sellers at closing, with a cash offer, “you don’t have to go through the appraisal or the bank approval process — it’s cleaner.”. But just how long does it take to close on a house with cash, compared to a traditional loan? The bulk of the time, however, is consumed by loan underwriting and processing.

Purchase and sale agreement 104

Purchase and sale agreement Closing Title search Title 104

HomeLight

MARCH 13, 2023

Joseph has encountered active military who recently purchased homes with a VA loan, but got orders to ship out only to find that their home hadn’t appreciated much in a short time. Reiner advises asking for proof of funds such as a bank statement to ensure the buyer has sufficient resources to close the deal.

Sales 81

Sales Investor Due diligence Renovation 81

HomeLight

MARCH 16, 2023

There are just not enough buyers who have a good credit rating and can get bank underwriting,” he says. Ramcharitar advises asking for proof of funds such as a bank statement to ensure the buyer has enough resources to cover the price of the home. The buyer does due diligence during the option period in Texas.

Sales 66

Sales Purchase and sale agreement Earnest money deposit Investor 66