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

Realty Biz

Assess Your Finances As you might assume, a good place to begin is by assessing your finances. Having a firm understanding of how much you can afford to spend on a mortgage and the associated costs that come with owning a home will do wonders in helping you find the best potential rates. Let's take a closer look.

Mortgages 102
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7 Things Sellers Need to Know About FHA Loans When Fielding Offers

HomeLight

As a seller, you’re usually not taking on additional risk by accepting an offer from a buyer pre-approved for an FHA loan than you would with a buyer pre-approved for a conventional loan. Defective paint surfaces in homes constructed pre-1978. of all mortgage originations. A leaking or worn out roof.

FHA loan 109
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The Ultimate Guide to Buying a House in North Carolina

Redfin

Prioritize your finances Getting your finances in order is crucial for the homebuying process in North Carolina, as it sets the foundation for a smooth and successful transaction. Firstly, having your finances in order allows you to determine your budget and understand how much you can comfortably afford to spend on a home.

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42 Steps to Homeownership: The Resourceful Buyer’s Go-To Guide

HomeLight

Some savings you can use toward a down payment and closing costs? The higher your score, the more likely you’ll be approved for a mortgage, and the better rate you’ll be offered. Estimate your down payment and closing costs. As for closing costs, they can add up to between 2% and 5% of the loan amount.

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Find Cash Home Buyers in Los Angeles for a Fast, Simple Sale

HomeLight

This includes the time it takes to sell the property, taxes on the property during the holding period, any necessary services (such as routine pool service), and costs associated with selling the remodeled property, such as closing costs and real estate agent commissions. You can typically sell your house in as few as 10 days.

Sales 85
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Selling a Home at Auction: Pros, Cons, and How to Get Started

HomeLight

Mike McClung, a home construction expert and CEO of Integrity Cash Home Buyers in Norfolk, Virginia, notes that many of the homes that go to auction are foreclosed properties. Reduction of long-term carrying costs, such as property taxes and ongoing maintenance. Your home will be visible to pre-qualified, serious buyers.

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Buying New Construction for the First Time? Here Are the Dos and Don’ts You’ll Need to Know Before Jumping In

HomeLight

You’re looking at new construction as an option for your new home and love the idea of buying a brand-new house that has never been lived in before. We’re going to equip you with the top dos and don’ts of buying new construction. The dos of buying new construction. Decide on the type of new construction you want.