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What Are Builder Incentives? The Secret to Getting a Deal on a New-Construction Home

Realtor.com

to “Purchase before X date, and we’ll pay all of your closing costs.”. While builder incentives may be found as price cuts on the actual house, homebuyers may more commonly see offers to help reduce costs on the financing front, with builders offering to buy down the interest rate on the home loan or pay some or all closing costs.

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

Realty Biz

Regardless, there are many things that first-time home buyers aren't aware of when it comes to getting a mortgage. We've put together a brief mortgage guide with the key information you need to know. Assess Your Finances As you might assume, a good place to begin is by assessing your finances. Let's take a closer look.

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Renting vs Buying in Austin, TX: Which is Right for You?

Redfin

Stable monthly payments Buying a home with a fixed-rate mortgage means that your monthly mortgage payments stay the same over the duration of your mortgage. While other monthly expenses may fluctuate, you’ll have peace of mind that your mortgage payments will stay stable.

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

The Close

Clients might be interested in an ARM because it allows borrowers to take advantage of interest rate decreases without having to go through a whole refinance process and pay additional closing costs. Closing costs. Clients will need an exact accounting of the total amount owed in closing costs.

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Renting vs Buying in Birmingham, AL: Which is Right for You?

Redfin

Stable monthly payments One of the biggest advantages to buying a home in Birmingham with a fixed-rate mortgage is that you’ll have the same monthly mortgage payment throughout the duration of your mortgage. Maintenance costs With homeownership comes the added responsibility of maintaining your home and property.

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Renting vs Buying in Seattle, WA: Which is Right for You?

Redfin

Ultimately, the decision to rent an apartment or house or buy a home in Seattle is personal and depends on several factors, such as your finances, your desire to stay long-term in the area, and where exactly you want to live. Large upfront costs Buying a home in the Seattle housing market can be expensive.

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What’s the Catch with Rent to Own Homes? 7 Reasons to Beware of These Deals

HomeLight

That may be around the same or double what you’ll pay again in closing costs when you eventually get a mortgage on the house. What if you can’t get financing? Even if you find a willing seller, there’s a limit to the types of homes that might be offered as rent-to-own. What if you don’t like it?