Redfin

JULY 18, 2025

While 20% down can help you avoid mortgage insurance, many buyers put down less – especially with FHA or conventional loans. Closing costs In addition to your down payment, plan for closing costs , which typically range from 2% to 5% of the purchase price. Monthly payments Think beyond the mortgage itself.

Pre-approval

The Mortgage Report

JULY 10, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? Can You Refinance a Home Equity Loan Without Refinancing Your Mortgage? How Much Home Can I Afford?

Equity

Redfin

JANUARY 10, 2025

Arguably, the most important variables to consider before you make the decision to sell are home equity, transaction costs, and local market conditions. Home equity Home equity is a term that measures the value of a home to its owner after all debts and liabilities (like a mortgage ) have been paid.

Seller concession

The Living Room

MAY 2, 2025

Securing Financial Backing: Early engagement with a lender to understand your mortgage options and get pre-approved is crucial. Prospective buyers should account for closing costs, inspections, and the ongoing maintenance associated with homeownership.

Earnest money deposit

HomeLight

APRIL 9, 2025

It gives you access to the equity in your existing home so you can cover a down payment and closing costs on your new purchase without waiting for your old house to sell. Bridge loans tend to cost more than traditional mortgages, but they are designed to be fast and flexible, helping you move forward without as much financial stress.

Equity

The Close

NOVEMBER 25, 2024

I’ll walk you through everything from figuring out if this strategy suits you to finding listings and ultimately closing the deal on the property. Preforeclosure houses typically occur when a homeowner falls behind on mortgage payments, which results in loan default. What Is a Preforeclosure Property? What is a foreclosure auction?

Hard money loan

AAOA

APRIL 14, 2025

Your monthly mortgage payments will be smaller. Fannie Maes Multifamily Mortgage Business provides loans for larger apartment complexes. Factors Affecting Mortgage Terms and Payments Your down payment isnt the only thing that impacts your mortgage. It shows lenders youre committed and reduces their risk.

FHA loan

Marco Santarelli

JUNE 8, 2025

Deciding whether to refinance your mortgage now or wait until 2026 is a big question many homeowners are grappling with. Right now, in mid-2025, the average 30-year fixed mortgage rate is sitting around 6.9%. Should I Refinance My Mortgage Now or Wait Until 2026? Forecasts suggest we might see a slight dip by the end of 2026.

Mortgages

The Mortgage Report

JULY 9, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford? That’s a big jump from just a few years ago.

Equity

Norada Real Estate

JUNE 22, 2025

As of June 22, 2025, mortgage rates have slightly dropped, with the national average 30-year fixed mortgage rate at 6.88% , down from 6.89% last week, as reported by Zillow. This downward trend can also be seen in the average 15-year fixed mortgage rate, which decreased to 5.91% from 5.92%.

Mortgages

Redfin

AUGUST 6, 2025

Have these ready: Title and deed HOA documents (if applicable) Property tax history Recent utility bills Renovation permits or warranties Mortgage payoff info Seller’s disclosure statement This makes your agent’s job easier and helps avoid delays in escrow.

Staging

Redfin

JULY 31, 2025

Between finding the right mortgage and deciding what you want in a home, there’s a lot to consider. In this article: Planning and preparing financially Finding the right mortgage House hunting Making the deal What comes next? They cover topics like budgeting, building credit, mortgage options, house hunting, and closing.

Purchase and sale agreement

Redfin

FEBRUARY 24, 2025

Unexpected expenses: Unforeseen challenges, such as discovering hidden underground utilities, can lead to additional costs. Financing and closing costs: If you’re financing the land purchase or construction, anticipate paying 2% to 5% of the loan amount in closing costs. is $419,200. through 2025.

Debt-to-income ratio

Rochester Real Estate

NOVEMBER 5, 2015

This involves making a careful budget that includes potential costs like the down payment, closing costs, taxes, and possible renovation expenses. The first step to buying a house in New York is to assess your financial readiness and get pre-approved for a mortgage. I also recommend you not forget little details.

Purchase and sale agreement

AAOA

MAY 22, 2025

DSCR (Debt Service Coverage Ratio) (can the income cover the mortgage comfortably?) Step 6: Close and Execute the Plan With financing locked in and due diligence complete, you move to closing day, b ut this is just the beginning. How Much Does It Cost to Buy an Apartment Complex? million, 30-unit apartment complex.

Due diligence

Rochester Real Estate

NOVEMBER 5, 2015

This process involves transferring the property to a buyer with available funds, eliminating the need for mortgage financing. Selling as is means no repairs or renovations are required, saving time and money. (585) 704-7095 Contact Now Search Homes Home Fair Housing S.O.P. It can make a difference in landing a house or not.

As-is

The Mortgage Report

JUNE 9, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? Julianelle shared his thoughts and insights in a Q&A with The Mortgage Reports.

FHA 203k rehab loan

Marco Santarelli

JULY 2, 2025

As of July 2, 2025, mortgage rates have shown signs of slight fluctuations. According to Zillow, the national average 30-year fixed mortgage rate currently stands at 6.74% , which has seen a minor increase from yesterday's rate of 6.73%. When the Fed signals an increase in rates, mortgage rates often follow suit.

Mortgages

Marco Santarelli

JUNE 23, 2025

If you've been watching mortgage rates closely, you'll be glad to hear that mortgage refinance rates today, June 23, 2025, have decreased by 6 basis points. Meanwhile, the 5-year ARM (Adjustable-Rate Mortgage) refinance rate remains steady at 6.46%. Refinance Rates Dip! Why Refinance? You'll build equity faster, too!

Mortgages

Redfin

JUNE 24, 2025

And if you’ve been renting a house or living in an apartment and now buying a home for the first time, the process might feel completely unfamiliar… In this Redfin article, we’ll explain each of the key closing documents and their importance to your purchase so you can grab your keys and get home quickly.

Closing

AAOA

MARCH 24, 2025

They may face functional issues, have outdated designs, or require maintenance and renovations. Alternatively, if you purchase a multifamily property and undertake some value-added renovation and modernization, you could optimize your income and increase the propertys value. You can also refinish the property at a higher value.

Property Management

Norada Real Estate

JULY 2, 2025

As of July 2, 2025, mortgage rates have shown signs of slight fluctuations. According to Zillow, the national average 30-year fixed mortgage rate currently stands at 6.74% , which has seen a minor increase from yesterday's rate of 6.73%. When the Fed signals an increase in rates, mortgage rates often follow suit.

Mortgages

The Close

MARCH 11, 2025

Various financing options exist for FSBO properties, like traditional mortgages, hard money loans, and private investors. It’s crucial to evaluate the cost, flexibility, and duration of each option. Rehab loans: Specifically designed to finance both the purchase and renovation of under-maintained properties.

Sales

Redfin

APRIL 11, 2025

In high cost of living areas, homes that need TLC often sit at more approachable price points for first-time home buyers than turnkey homes. But with renovation costs on the rise, demand for move-in-ready homes is starting to outpace that of fixer-uppers. How much does a starter home cost?

Marketing

Rochester Real Estate

NOVEMBER 5, 2015

Many of these first time home buyer programs and grants can help cover a large amount of the “closings costs” and/or allow them to finance a higher percentage of the loan (or all of the loan in some cases). Rochester first time home buyers, there are many first time home buyer options and mortgages available to YOU!

Closing costs

Redfin

MARCH 4, 2025

All mortgages place a lien on the property in the event that a lender needs to take ownership of the home. Investors may see foreclosure purchases as an opportunity to renovate and resell for a profit, while homebuyers may find a house they wouldnt otherwise be able to afford. What is foreclosure?

Pre-approval

Marco Santarelli

JUNE 20, 2025

If you're thinking about refinancing your mortgage, you're probably wondering what's happening with interest rates. Today's Mortgage Refinance Rates Surge Above 7%: Is Refinancing Still Worth It? Let's face it, keeping up with mortgage rates is like riding a rollercoaster. One minute they're down, the next they're spiking.

Mortgages

HomeLight

APRIL 30, 2025

Learn more: How to Set Your Homes List Price: 5 Factors That Matter Most How to prepare your Alabama home to impress buyers When it comes to preparing your home for sale , you dont necessarily need a full renovation to make a strong impression. The biggest cost is usually the real estate agents commission.

Sales

Redfin

JUNE 9, 2025

How the home appraisal process works Mortgage lenders only finance up to the appraised value of a home, so once you make an offer, they’ll order an appraisal to confirm the property’s fair market value. You can also ask for other concessions, such as closing cost credits, to help bridge the gap. Can you dispute a low appraisal?

Purchase and sale agreement

Redfin

AUGUST 5, 2025

Remodeling costs depend on your plans, the age of your home, and the contractors you hire. Moving costs depend on local housing prices, mortgage rates, and transaction fees. Housing market: Your local housing market can also influence your decision to renovate or move. Is it cheaper to renovate or move?

Renovation

Redfin

MARCH 4, 2025

You can calculate your home equity using the following formula: current home value – current mortgage balance What is home equity? Essentially, this is the amount of home that youve paid off toward your mortgage. This should be on your most recent mortgage statement. How is home equity calculated? 300,000 / $500,000 = 0.6

Equity

Redfin

AUGUST 5, 2025

But before you earn that profit, you should expect to pay the following costs: Down payment: With a traditional mortgage, you can expect to pay 3% – 5% or more for a down payment on a primary residence. Renovations and repairs: These costs will vary significantly depending on the types of repairs and renovations you choose.

Loans

Redfin

AUGUST 5, 2025

They’re related to a jumbo loan, a type of mortgage loan that exceeds the conforming loan limits set by the Federal Housing Finance Agency (FHFA). Government-sponsored enterprises Fannie Mae and Freddie Mac can only purchase mortgages that conform to these limits. (We’ll We’ll get into that more in a second.)

Construction

AAOA

JULY 3, 2025

However, ongoing costs and tenant management can be challenging. Houses offer more control and long-term appreciation , especially due to land ownership and flexibility in renovations, but they require higher upfront investment and maintenance. So, if you make renovations or add amenities, you can get a write-off for that.

Property Management

The Close

APRIL 3, 2025

of purchase price and 100% of renovation cost RCN Capital is a private lender that offers a variety of loan programs for real estate investors. Here are some of the most important considerations: Interest rates and fees : One loan may offer a lower interest rate, but charge more in origination fees and closing costs.

Loans

HomeLight

MARCH 11, 2025

Outdated features or lack of upgrades that buyers want can make your home less competitive, especially when compared to newer or renovated homes in the same area. This free tool will factor in your homes sale price, as well as closing costs , agent commissions, and any outstanding mortgage balance.

Equity

Redfin

AUGUST 5, 2025

You may be tired of renting and ready to put that money toward a mortgage payment. But there’s also no denying that it’s easier to qualify for a mortgage with two incomes. The answer to that question is definitely yes — if you can afford the mortgage payments, there’s no reason why you shouldn’t buy a house.

Debt-to-income ratio