The Close

NOVEMBER 25, 2022

This is a niche with recession-proof buyers, zero percent financing, and hot leads that need to close quickly. Easy financing through VA loans. Easy financing through Department of Veterans Affairs loans is another reason. Zero interest loans are an even bigger deal in our current lending environment!

VA loan 98

VA loan Loans Loan Officer Finance 98

BAM Media

MAY 14, 2024

3 Email ideas for financing and affordability Next up are email ideas on topics that loom large in the minds of most first-time homebuyers. #4— Bonus tip: Back it all up with something tangible Allow your email subscribers to opt into receiving your personally branded printed magazine.

Pre-approval 112

Pre-approval VA loan Closing costs Loans 112

HomeLight

SEPTEMBER 30, 2020

Even a brand-new home is often in need of at least one minor repair before closing! With pre-underwriting, the mortgage company vets your financial information upfront and approves a specified loan amount. It shows that you’ve already acquired solid financing from a lender. Rate locking. Conditions.

Short sale 138

Short sale Loans Sales FHA loan 138

HomeLight

JUNE 14, 2023

Buying new or used When it comes to site-built homes, whether the home is brand new or previously owned rarely matters except when it comes to repairs and inspections. If you plan to purchase a brand-new manufactured home, you will likely have no problem securing financing and bundling the home loan with a lot loan.

Land 98

Land Loans Finance Homeowner’s association 98

Marco Santarelli

NOVEMBER 19, 2024

An assumable mortgage is a way to take over the existing mortgage on a property instead of getting a brand-new loan. Here's how it works: The seller's original mortgage terms, including the interest rate, loan balance, and repayment schedule, are transferred to you, the buyer.

Debt-to-income ratio 52

Debt-to-income ratio FHA loan Mortgages VA loan 52

HomeLight

JULY 25, 2022

But if you do end up working with a financed buyer, be aware that different mortgage types (such as conventional loans or government-backed FHA, USDA, or VA loans) have different minimum property standards. If your house complies with FHA, then it complies with most other lenders’ requirements.

As-is 111

As-is Purchase and sale agreement Inspection Investor 111

The Close

OCTOBER 1, 2024

Customize the gifts to each recipient’s preferences or send branded gifts with your logo to remind clients about your business. Think of professionals working with homeowners who know their clients’ finances. They provide various gift options for every budget, like Polaroid cameras, doorbell cameras, candles, coffee, and cocktail kits.

Mortgages 101

Mortgages Loan Officer Land Loans 101

HomeLight

APRIL 29, 2022

Graham will look for items that a seller could do easily to make the property financeable, making it more attractive to investors. “A If we can make it financeable for them, then that gives them more options.”. He noted in the listing that there were no rehab loans and no financing involved. Advises on easy fixes.

As-is 95

As-is Purchase and sale agreement Investor Inspection 95

HomeLight

OCTOBER 29, 2021

down for a FHA loan. A VA loan may allow you to put zero down. You can put as little as 3% down on a conventional loan. If you use a conventional loan, plan on putting down at least 20% if you want to avoid paying for mortgage insurance.

Loans 105

Loans FHA loan Pre-approval Closing costs 105

HomeLight

MAY 31, 2021

While you can’t do this with some loans ( FHA and VA loans , for example) and many lenders, some conventional loans and lenders will allow it. All product names, logos, and brands are property of their respective owners. Recast your mortgage. Header Image Source: (Marsha Lynn Hudson / Unsplash).

Mortgages 81

Mortgages Principal Loans VA loan 81

HomeLight

JANUARY 31, 2022

You’re thinking about buying a house, but you aren’t sure what your mortgage loan (or monthly payment ) will look like. Conventional loans can be approved with as little as 3% as a down payment. USDA loans are available mostly in rural areas and enable buyers to put down zero percent of the price.

Loans 98

Loans Mortgages FHA loan Principal 98

HomeLight

JULY 25, 2022

If there’s a major repair or component of the home that you know is not brand new or in tip-top shape,” says JoAnn, “simply disclose it and you’re good.”. If the buyers aren’t paying cash, they aren’t even eligible for financing until an old roof is replaced,” says JoAnn. Which types of homes are sold ‘as is’?

As-is 110

As-is Purchase and sale agreement Inspection Closing costs 110

HomeLight

FEBRUARY 14, 2022

Fannie Mae’s HomeReady loan program and some other conventional loans can be approved with as little as 3% as a down payment, although 20% is required to avoid paying private mortgage insurance (PMI). USDA loans and VA loans are popular because they offer zero percent down for eligible buyers. Should you also ….

Loans 116

Loans Banks As-is VA loan 116