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Reverse purchase financing: The financing option no one is talking about

Housing Wire

For real estate professionals, this option presents an opportunity to capture more sales. But unlike financing with a traditional mortgage, monthly principal and interest payments are not required on the loan, so long as the homeowner keeps up to date with real estate taxes, homeowners’ insurance and property maintenance.

Finance 428
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Title Talk with Rachel Luna

Housing Wire

Rachel Luna, principal of Patriot Title Company. With over 13,000 followers on Instagram , Rachel Luna, the principal of Texas-based Patriot Title Company , is the self-proclaimed “Texas Title Queen.” And now I am the principal of the largest woman-owned title company in Texas,” Luna said. And the rest as they say is history.

Title 368
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What Legal Documents Will You Need for Buying a House? Here’s Your List

HomeLight

When the terms have been finalized, accepted, and signed off on by both sides, your purchase agreement is now officially a sales contract to which you and the seller are both held liable. A Loan Estimate is a document provided by your lender that includes the terms of your mortgage loan and an estimate of your closing costs.

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How to Estimate a Mortgage Loan So You Know How Much House You Can Afford

HomeLight

You can easily imagine yourself in your brand-new home — you have the furniture all picked out for your reading nook and know exactly how you want your kitchen to be laid out…but the idea of figuring out how to pay for it feels overwhelming. This will be the sales price (minus the down payment amount) and is a very easy number to calculate.

Loans 88
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Should I Sell My House in 2022? Factors to Help You Decide

HomeLight

Sales of existing homes fell for the second consecutive month by 2.7% Sales dropped from March 2021 in all four major US regions. Prices in March 2022 were 15% higher than a year before for existing home sales. With a cash buyer, there’s no worry about mortgage approval or financing contingencies delaying the sales process.

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Real Estate Transfer Taxes: What Is This Little-Known Extra Cost to Sell Your Home?

HomeLight

First we’ll take a look at this particular line item in your closing costs in the hope that better understanding this fee makes it less mentally taxing. San Francisco charges varying fees based on the net sale price ranging from 0.5% Major metro median sales price. for Pomona and Redondo Beach. What’s it called?

Sales 92