HomeLight

NOVEMBER 10, 2021

A mortgage is a 15- to 30-year commitment, unless you sell or refinance. For example, a 1% difference in your mortgage rate could bump your monthly payment up around $100 a month, costing you $30,000 over the life of a 30-year mortgage. Step 4: Get preapproved for a mortgage. Step 3: Shop around for lenders.

Inspection 92

Inspection Title Pre-approval Agents 92

HomeLight

APRIL 21, 2022

You found your new home and want to avoid carrying two mortgages. Cash vs. financing : Cash offers usually result in a faster sale than mortgage-backed offers; if speed is an important aspect of the sale, this could make a significant difference. Carrying costs of paying mortgage, utilities, and insurance.

Inspection contingency 108

Inspection contingency Home sale contingency Pre-approval Agents 108

HomeLight

JANUARY 4, 2022

HomeLight’s 2020 agent survey found that buyers who would traditionally use a mortgage are finding ways to pay cash however they can. This can be a huge benefit for a seller who is facing foreclosure or needs the funds to close quickly on their next house. You need quick access to cash. You’ll likely see higher offers.

Investor 98

Investor Finance Inspection Sales 98

HomeLight

DECEMBER 15, 2022

Pre-foreclosure or short sale transactions. Someone facing a foreclosure or who has negotiated a short sale with their lender could have a very negative reaction. A seller might take your cash offer over a higher, mortgage-dependent offer. HomeLight commits to a 21-day close for free for buyers who qualify.

Inspection 94

Inspection Closing Rent back Agents 94