The Mortgage Report

JULY 11, 2025

I think in some cities, like Phoenix, we are starting to see a little bit of foreclosure or short sale happening. And, with sellers facing more competition, don’t hesitate to ask for extras—whether it’s help with closing costs, appliance packages, or repairs before move-in.

FHA 203k rehab loan

HomeLight

SEPTEMBER 30, 2021

Now that you’ve collected a home value estimate and your mortgage payoff amount, use this simple home sale proceeds formula to estimate how much you’ll walk away with : Start with: the approximate value of your home. of the sale price). Subtract) approximate closing costs (additional 3%-4% of sale price for taxes and fees).

Mortgages

HomeLight

JULY 29, 2022

“One big thing that could delay closing is if, say, someone goes out two weeks before they close and they buy a car — or they buy all new furniture,” explains Pete Veres , a top-selling agent with 19 years of experience in Albuquerque, New Mexico. This can radically alter their debt-to-income ratio and jeopardize the whole deal.

Closing

The Close

DECEMBER 29, 2022

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. Foreclosure.

Purchase and sale agreement