HomeLight

JANUARY 27, 2021

But there’s so much to keep track of along the way: hiring an agent, getting a mortgage, making offers, and closing the deal. Getting a mortgage can be a stressful and frustrating process. Here are a few tips to get ahead of the game and mortgage like a champ! Paying mortgage insurance isn’t that big a deal.

Closing costs 117

Closing costs Loans Inspection Earnest money deposit 117

HomeLight

OCTOBER 29, 2021

The average time to close a loan was 48 days in July 2021 , according to ICE Mortgage Technology, a company that produces mortgage management technology. In January 2021, the average time to close was 58 days. It’s essential to stay on top of events leading up to the closing.

Closing 84

Closing Inspection Title Due diligence 84

HomeLight

AUGUST 9, 2022

The down payment on a home gets your foot in the door, and the mortgage lets you move in. The size of your down payment can depend on a variety of factors, like where you’re buying, how much you have saved, and what kind of mortgage you’ll get. To make a long story very short, your down payment is officially due at the time of closing.

Earnest money deposit 97

Earnest money deposit VA loan Purchase and sale agreement FHA loan 97

HomeLight

JUNE 30, 2022

You will want to know where you stand so you can get ahead of any potential issues and create a plan for improvement before applying for a mortgage. Your mortgage lender will check your credit score , as well as analyze your credit history. Make sure to resolve any legal issues you may have as well, if you can. Line up financing.

Purchase and sale agreement 75

Purchase and sale agreement Inspection Earnest money deposit Closing costs 75

HomeLight

MARCH 6, 2023

Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more. down payment and/or closing cost assistance. Loans are between 3%-3.5%

Closing 90

Closing Earnest money deposit Sales Title 90

HomeLight

SEPTEMBER 1, 2022

Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more. Homebuyers in Connecticut pay an average of just over $2,700 in closing costs when purchasing a home.

Earnest money deposit 94

Earnest money deposit FHA loan Purchase and sale agreement Inspection 94

HomeLight

MARCH 2, 2023

Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more. There are loan programs that allow as little as 3.5% Loans are between 3%-3.5%

Closing 95

Closing Earnest money deposit Sales Inspection 95