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In the Military and Selling a House: Programs and Resources for Service Members

HomeLight

Essentially, equity is the market value of your property minus the amount of money you still owe on your mortgage loan. This minimum equity ensures that you’ll have the funds for necessary home sale expenses (such as staging , repairs , and closing costs ), plus some leftover profit to put towards your next down payment or security deposit.

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On the House: Comparing Different Money-Saving Mortgages That Come With Some Big Catches

Realtor.com

Getty Images / Realtor.com When it comes to making the largest purchase of their lives, most homebuyers would prefer to play it safe in choosing a loan. That’s why fixed-rate mortgages, the gold standard of home loans, have long been the most popular. Many loans have caps on how high a borrower’s future payments can rise.

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On the House: Comparing Different Money-Saving Mortgages That Come With Some Big Catches

Realtor.com

Getty Images / Realtor.com When it comes to making the largest purchase of their lives, most homebuyers would prefer to play it safe in choosing a loan. That’s why fixed-rate mortgages, the gold standard of home loans, have long been the most popular. Many loans have caps on how high a borrower’s future payments can rise.

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Short Sale Mortgage Loans: What Borrowers Need To Know

HomeLight

But what if you’re buying a short sale? Does that mean you might encounter even more reasons to cry while trying to get a short sale mortgage loan ? Securing a short sale mortgage loan isn’t that different from purchasing a standard home. What’s a short sale ?

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13 Short Sale Tips So You Get a Dream Deal, Not a Nightmare Scenario

HomeLight

You may have heard a little bit about short sales — enough to know that this type of real estate listing can present some opportunities to get a good deal. But while short sales offer potential opportunities , they come with plenty of potential pitfalls as well. Know if a short sale is the best option for you.

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How to Get a Mortgage Loan: A Step-By-Step Guide for First-Timers

HomeLight

But when it comes to one of the key aspects of buying that home — how to get a mortgage loan — you may draw a blank. We include advice from an agent who has worked with hundreds of new buyers, descriptions of different loans, and information about the many kinds of paperwork you’ll deal with. Source: (Matthew Henry / Burst).

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Selling a House ‘As Is’ in North Carolina

HomeLight

Schaus does business in the area of Fort Bragg, which means that Department of Veterans Affairs home loans ( VA loans ) are used very often by buyers. These companies can help sellers cash out quickly and many will cover a seller’s closing costs. Be aware of minimum property standards for certain loans.

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