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

Realty Biz

Documentation and the Pre-Approval Process Pre-approval is a must for anyone looking to purchase a home. Be sure to have all of your documentation in order and ready to go before starting the pre-approval process. that may help you get approved with favorable terms.

Mortgages 102
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Trouble for Housing Market as Underwater Mortgages Rise: Crash Alert?

Marco Santarelli

Local factors like job markets, industry presence, and the pace of new construction can significantly influence housing trends within a particular state or even a metropolitan area. Additionally, programs that assist first-time homebuyers with down payments or closing costs can make homeownership a more attainable goal.

Mortgages 103
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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. You can contribute up to 6% of your buyer’s closing costs.

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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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How Does Canada’s Home Ownership Rate Look?

Toronto Realty Blog

With an increasing population, we might expect that the number of new dwellings constructed is not in line with the number of new entrants to the market. HDB blocks are also being built with standardized construction systems. Previously you could get 104% to cover closing costs, but this was phased out last year.

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The Ultimate Guide to Buying a House in North Carolina

Redfin

Get pre-approved from a lender Getting pre-approved from a lender is equally important with several significant benefits. By completing the closing process, buyers gain the assurance that the property’s title is clear, all necessary documentation is in order, and any outstanding financial obligations are settled.

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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.