HomeLight

JULY 30, 2021

New Mexico agent Valerie Almanzar , who has more than 15 years of experience in the real estate industry, says that while rent-to-own properties aren’t the norm these days, they can and do still happen. “If Additionally, a certain amount of the monthly rent is also typically stipulated to help cover the buyer’s closing costs or down payment.

Purchase and sale agreement

HomeLight

AUGUST 31, 2020

VA loans also offer even more benefits, like better interest rates and less strident qualifications — but as the name indicates, they are only available to current military members or veterans (or their spouses). For example, pre-pandemic, an FHA loan could be secured with 3.5% down and a minimum credit score of 580.

Debt-to-income ratio

HomeLight

OCTOBER 9, 2023

4 expert tips before you shop for a home Tip 1: Start planning early Top Las Vegas agent Rebecca McKenna-Inman has more than 22 years of experience in the industry. A buyer could also ask for a closing cost credit, which can offset closing costs.”

Pre-qualification

RIS Media

AUGUST 5, 2020

The 2019 – 2020 State of Asia America Report , an annual AREAA publication, provides a snapshot of the state of AAPI homeownership pre-COVID-19. Additional closing costs associated with VA loans. The report also found that more than 4.1 billion in potential loans.

VA loan

Lab Coat Agents

NOVEMBER 20, 2024

The property must generally be the seller’s primary residence, and the buyer must move into the property within 60 days of closing and live in the property as their primary residence for at least one year. The buyer must also meet qualifications for demonstrated creditworthiness.

Purchase and sale agreement

Redfin

JULY 11, 2023

Government-backed loans, such as FHA or VA loans, provide more flexible qualification criteria and specific benefits. Technological advancements have greatly simplified the document submission process for borrowers in the mortgage industry,” shares Ron Haddad Lending Team. How does the mortgage pre-approval process work?

Pre-approval

HomeLight

AUGUST 31, 2022

To help you examine your equity’s potential to enhance your financial situation, we’ve asked industry experts to explain the options. What qualifications do I have to meet to access my home’s equity? They can expect to pay 2% to 5% of the new loan amount as closing costs, or about $4,000 to $10,000.

Equity

The Close

MAY 28, 2025

Heres what you should consider as you evaluate your options: Your finances and qualifications : Objectively look at your income, savings, credit score, and credit history. Based on this information, you may determine that you need homebuyer assistance, reduced closing costs, or a program for low credit scores.

VA loan

HomeLight

MAY 31, 2021

According to California real estate agent Mark Moskowitz , who has nearly 30 years of experience in the industry, buyers should be talking to their lenders about how to get the most out of every dollar — which leads us to question #2…. The minimum down payment can be as low as 3%, but that is contingent on the buyer’s qualifications.

Mortgages

HomeLight

APRIL 30, 2022

It’s time for you to buy a house, and between the financial questions (how much will you need for closing costs? Apps that educate homebuyers on financing, insurance, and maintenance costs can improve the home purchase process. what’s considered “overpaying” on a house?) Mortgage portals.

Closing

BAM Media

AUGUST 7, 2024

We’ve covered CFA’s criteria for evaluating homebuyer and home seller contract forms, both of which were written for real estate industry professionals. From the CFA consumer alert: “The basic reason that the industry has been sued by the U.S. Stay out of defensive mode and you’re more likely to keep your buyer out of it, too.

Pre-qualification

HomeLight

JANUARY 4, 2022

Going with a cash offer primarily because it’s easy and low-hassle isn’t unheard of anymore, and in some markets, certain types of cash buyers are getting closer to offering market value than normal , industry data from zavvie shows. A 2022 market survey conducted by HomeLight echoes that cash is here to stay.

Investor

HomeLight

APRIL 26, 2023

Next: Consult our guide on who pays closing costs when selling a house by owner for more details. This is standard industry practice among agents. A bank statement will help weed out people who are just looking around and don’t have the qualifications to purchase your house from legitimate buyers who can obtain financing.

MLS

HomeLight

DECEMBER 6, 2022

Next: Consult our guide on who pays closing costs when selling a house by owner for more details. Murphy says some New Jersey towns offer full-day pre-K. This is standard industry practice among agents. She cautions that buyers can get a pre-approval letter online that’s not worth the paper it’s written on.

Purchase and sale agreement

HomeLight

JULY 18, 2022

This is the show where you’ll learn what’s working right now from the best real estate agents and industry experts in the country. Then my lender will do a whole section on financing, pre-approval. What is a pre-approval versus just getting like a pre-qualification? This is a weekly podcast.

Agents

The Close

DECEMBER 29, 2022

After all, great communication leads to closed deals. Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. Closing costs. Clients will need an exact accounting of the total amount owed in closing costs.

Purchase and sale agreement

Housing Wire

APRIL 23, 2025

Do a pre-inspection This may or may not be popular in your market, but here in the Boston area, we see this fairly often. A buyer will bring in an inspector to conduct a pre-inspection, a condensed version of a home inspection that focuses only on the major systems and typically takes about an hour or so. How important is the lender?

Inspection contingency