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What is a 2-1 temporary rate buydown?

Housing Wire

As mortgage rates hit 7% and above, loan officers are seeing new borrowers increasingly interested in options that can help reduce their initial mortgage payments. Generally speaking, a buydown is a real estate financing technique that makes it easier for a borrower to qualify for a mortgage with a lower interest rate.

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Selling your home? Make sure you’re aware of hidden costs

Housing Wire

According to Zillow and Thumbtack’s Hidden Costs of Selling Analysis , the average homeowner spends over $15,000 in “hidden costs” to sell their home. . While a real estate agent’s commission is one of the most expensive costs, it definitely isn’t the only one. 5 reasons to refinance your mortgage right now.

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A 2-1 temporary rate buydown can help you with on-the-fence buyers

Real Trends

As mortgage rates hit 7% and above, loan officers are seeing new borrowers increasingly interested in options that can help reduce their initial mortgage payments. Generally speaking, a buydown is a real estate financing technique that makes it easier for a borrower to qualify for a mortgage with a lower interest rate.

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10 Ways to Reduce the Cash You Need to Buy a Rental Property

Realty Biz

Cash for the down payment, cash for closing costs, cash for repairs, cash for operating reserves. They add up quickly – two points on a $300,000 mortgage come to $6,000 in origination fees alone! That can offer another route to coming up with less cash at closing, albeit one that you pay for later.

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What Is the Average Cost to Sell a House in California?

HomeLight

The total cost to sell a house in California depends on your specific situation. You can probably expect to run into these common expenses for home sellers in California: Prepping your house for sale. Seller concessions. Closing costs. Many factors influence the cost of prepping your home for sale.

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What Costs Are Involved in Selling My House?

HomeLight

Higher prices and mortgage rates conspired to slightly slow sales, which were down 2.6% So, the seller’s market is holding, but cooling. Besides your mortgage payoff, homeowners typically incur a number of costs in selling a home — whether they work with an agent or offer the property for sale by owner (FSBO).

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What Is the Cost to Sell a House in Texas?

HomeLight

While your out-of-pocket costs depend on your situation and other variables, the cost to sell a house in Texas generally averages about 7% to 8% of the final sale price. That includes real estate agent commission, escrow, and assorted fees (some of which are negotiable with the buyer) but does not include mortgage payoff.