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‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

Housing Wire

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. NEXA has always been focused on purchase loans , which means some of its LOs do significant business with buyers’ agents.

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How to Apply For a First-Time Home Buyers Loan: Simplifying the Process Into 8 Doable Steps

HomeLight

First-time homebuyer loans can help make it easier on first-time homebuyers , offering access to special mortgage programs with low down payments. Sometimes you’ll even find grants to help you with closing costs and down payments. Sound great? Sure it does! Source: (LinkedIn Sales Solutions / Unsplash).

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Buying Your First House: Tips For Buyers

RIS Media

The amount you need will depend on the lender and the type of loan you choose. Closing Costs. Many of these will need to be paid at closing. Sometimes sellers are willing to help with closing costs to make things easier for the buyer. Conventional Loans. There are numerous benefits to FHA loans.

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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? While you’re in the preparation stages of buying a home, it’s a good idea to spend some time in the neighborhoods you might end up in. Estimate your down payment and closing costs. Assess your readiness. Do you have a secure source of income?

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The Ultimate Guide to Buying a House in Michigan

Redfin

Along with prioritizing your finances to help secure a favorable mortgage loan with competitive interest rates and terms. Various programs are available for first-time homebuyers in Michigan, including the MI Home Loan , which can assist with up to $7,500 in down payment assistance. On average, homeowners will spend around $5,714.

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How to Save For a House in 6 Months: A Hardcore, But Doable, Path to Homeownership

HomeLight

Gleason also says that it’s absolutely okay to speak with a real estate agent in these early stages, too — even if you think it might be too soon. “If Step 2: Understand your loan options. The discussion with your mortgage lender should include details on the types of loans you’re likely to qualify for. down for a FHA loan.

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Buyers’ Closing Costs: How Much, What They Are, and Ways to Save

HomeLight

After finding their dream home and signing the purchase contract , most buyers feel on top of the world … until they see the Loan Estimate or preliminary closing statement (if buying in cash). Did the closing costs for the buyer in particular catch you by surprise? Get Started What does a buyer pay in closing costs?