Remove Closing costs Remove Due diligence Remove Mortgages Remove Pre-qualification
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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. To get the best rate for your situation, be sure to look closely at each type of mortgage. Let's take a closer look.

Mortgages 102
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Zillow: How Your Buyers Can Score Their Dream Home

RIS Media

According to a Zillow survey, offers typically fall through because of issues with money, mortgage or financing. Evaluate your current credit situation and make a game plan to clean up your credit score, if needed, prior to starting the pre-approval process.” Due diligence for home improvements is also important, says Zillow.

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What’s the Deal with Making a Cash Offer on a House?

HomeLight

A cash offer simply means that a buyer already has the funds available to buy the house and can pay for it without securing a mortgage loan. From the seller’s point of view, it doesn’t make much difference whether the cash comes from the buyer’s personal bank account or from a mortgage loan. Though you can (and should!) The inspection.

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What Is a HUD Home? Are the Savings Worth the Risks?

HomeLight

Due to the nature of how a home becomes a “HUD home,” purchasing one differs from the traditional homebuying process, and there are a few qualifications, special incentives, and risks that any savvy homebuyer should be aware of. Buyers should arrange financing with a bank or mortgage lender ahead of time.

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Buying REO Homes? Here’s What to Do — And What Not to Do — According to Experts

HomeLight

Properties get to this point after the borrower stops making mortgage payments for a period of time. Most REOs are sold on the MLS,” explains Todd Miller, who worked in mortgage banking for over a decade, has purchased several REO homes, and now runs the personal finance website TightwadTodd.com. And that’s a big problem.”

Banks 104
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20 Home Search Apps that Aim to Help You Close the Deal

HomeLight

It’s time for you to buy a house, and between the financial questions (how much will you need for closing costs? But the latest home search apps can help fill in the knowledge gap by addressing everything you need to know in the home buying process, from mortgage payments to maintenance. Mortgage portals.

Closing 90
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How to Sell a House By Owner in Alabama

HomeLight

Next: Consult our guide on who pays closing costs when selling a house by owner for more details. The first due diligence you want to do is make sure they have proof of funds ,” Graham recommends. Graham says the next step is to ask for a pre-approval letter from a reputable mortgage company that you’re comfortable with.

MLS 70