HomeLight

OCTOBER 29, 2024

If you’re about to close on your Alabama home sale, you’re likely wondering how much you’ll owe in closing costs. Nationally, sellers typically pay between 6% to 10% of the property’s sale price in closing costs. Typically, sellers use their home sale earnings to pay off their mortgage and other closing costs.

Closing costs

HomeLight

OCTOBER 28, 2024

One of the most important things that you should keep in mind is that there are several costs you’ll need to pay to finalize your sale. Nationwide, closing costs for sellers can range from 6% and 10% of a property’s sale price. Title company fees There are several fees involved in legally changing ownership of a home.

Closing costs

Housing Wire

JULY 11, 2025

Lead generation for mortgage brokers and officers is all about consistently filling your pipeline with individuals who are interested in buying a home now or in the future. then it’s time to dig into more strategies to ensure your mortgage lead generation is on point. Check out LendingTree.

Mortgages

Housing Wire

APRIL 7, 2025

In our community, many first-time buyers were using those to buy down interest rates or cover closing costs. Effect of federal grant cuts Herrera acknowledged the challenges facing Hispanic homebuyers today, including cuts to numerous federal grant programs that have proved vital for first-time and low-income buyers.

Commercial

HomeLight

OCTOBER 31, 2024

In this post, we explore the question: Are closing costs tax deductible? What are examples of seller closing costs? When selling a home, you’ll encounter various closing costs as part of the process. On average, sellers pay between 2% and 5% of a home’s sale price in closing costs.

Closing costs

Inman

FEBRUARY 4, 2025

Here's what that potentially means for the recent slate of rules and lawsuits targeting the mortgage industry. In his first act as interim Consumer Financial Protection Bureau director, Treasury Secretary Scott Bessent froze action on all rules and litigation.

Closing costs

Redfin

FEBRUARY 18, 2025

Can you roll closing costs into your mortgage? Basically, folding your closing costs into your loan means you’ll need less cash upfront at closing. Your lender can explain their specific policies, the rules around this practice, and which costs are eligible to be rolled into the mortgage.

Closing costs

Redfin

FEBRUARY 20, 2025

Closing costs arent just a buyers responsibility – sellers have their own expenses to consider as well. On average, sellers can expect to pay between 6% to 10% of the sale price in closing costs , including agent commissions, transfer taxes, and title fees. What are closing costs for sellers?

Closing costs

Redfin

JUNE 5, 2025

The absence of mortgage payments, the speed of closing, and the strong appeal to sellers are undeniable benefits. Many cash buyers assume that by sidestepping a home loan, they also bypass the complex array of fees associated with closing. These are not tied to a mortgage but are inherent to transferring property ownership.

Closing costs

Marco Santarelli

DECEMBER 29, 2024

As of December 29, 2024 , the landscape of mortgage rates is crucial for anyone looking to buy or refinance a home. Todays mortgage rates reflect significant adjustments, with the average 30-year fixed mortgage interest rate sitting at 6.99%. Therefore, being informed about the latest mortgage rates is essential.

Mortgages

Marco Santarelli

APRIL 20, 2025

As of April 20, 2025, mortgage rates have decreased slightly compared to last week, which is promising news for homebuyers and those considering refinancing. Market Volatility : Mortgage rates are expected to stay unstable due to economic factors, including inflation and tariffs. 5/1 Adjustable-Rate Mortgage (ARM) 6.99

Mortgages

Housing Wire

FEBRUARY 19, 2025

Secure a mortgage pre-approval As a rule of thumb, its best to have your clients obtain a mortgage pre-approval prior to setting up any searches and conducting property tours. These include contingency deadlines, financing requirements, inspection periods, and closing dates.

Closing

Redfin

JULY 29, 2025

A lot of people will ask “Is down payment included in closing costs?” It’s easy to get them confused because they’re both big upfront costs you pay when you’re in the homebuying process. Closing costs are all the fees for the services needed to finalize the home sale.

Closing costs

The Close

NOVEMBER 25, 2024

However, it’s undeniable that the upfront costs can be pricey. Multifamily mortgage loans typically require 20% of the property price for a down payment, and there are inevitable maintenance and property management costs. The higher the home’s sale price, the higher your closing costs.

Purchase and sale agreement

The Mortgage Report

JULY 15, 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 I Add Someone to My Mortgage Without Refinancing? Check options to add a name to your mortgage.

FHA 203k rehab loan

Redfin

MARCH 14, 2025

But before the deal is final, your lender needs to issue a mortgage commitment letter – a crucial step that signals your financing is solid and closing is within reach. A mortgage commitment letter is a formal assurance from your lender that your loan has been reviewed and is on track for approval, pending final conditions.

Debt-to-income ratio

Marco Santarelli

MAY 3, 2025

Are you thinking about buying a home, or perhaps refinancing your current mortgage? The news you've been waiting for is here: mortgage rates are continuing their downward trend. As of May 1, 2025, the 30-year fixed-rate mortgage has dipped to 6.76% , a welcome change compared to the earlier part of the year. mortgage rates.

Debt-to-income ratio

Redfin

JUNE 27, 2025

Key Takeaways: Shopping mortgage rates, reviewing your credit report, and looking into first-time home buyer programs can improve your financial situation and increase your choices. Don’t skip critical steps like the home inspection or negotiating closing costs. For instance, on a $350,000 mortgage, a 3.5%

Pre-approval

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

Redfin

JULY 24, 2025

Refinancing your mortgage is a significant financial decision, and understanding the costs involved is crucial. However, you will almost certainly have to cover closing costs. We’ll explain how it’s possible to roll closing costs into your new loan, potentially eliminating the need for upfront cash.

Mortgages

Norada Real Estate

JUNE 7, 2025

Thinking about your mortgage can feel like trying to predict the weather – a little bit science, a little bit guesswork. That's why the question of whether to refinance your mortgage in June 2025 or wait is such a big one for many homeowners. Should You Refinance Your Mortgage in June 2025 or Wait?

Mortgages

Redfin

JULY 15, 2025

This Redfin guide is here to be your checklist, breaking down the upfront costs you’ll need to cover to actually close on your home and make it yours. From inspections to closing fees, here’s what you should know (and plan for) before you get the keys. Closing costs So, what are closing costs ?

Closing costs

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 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

Marco Santarelli

MAY 20, 2025

If you're eyeing a new home or considering refinancing, you're probably wondering about mortgage rate predictions for this week, May 19-25, 2025. Based on current trends and expert analysis, expect mortgage rates to hover above 6.5%. Currently, the average rate for a 30-year fixed mortgage is approximately 6.9% ” ( CNET ).

Mortgages

Redfin

JANUARY 28, 2025

When it comes to buying a home, most buyers are familiar with securing a brand-new mortgage. Assumable mortgages offer a unique alternative, allowing buyers to take over the sellers existing loan – potentially locking in a lower interest rate and saving money over time. What is an assumable mortgage?

Loans

The Mortgage Report

JUNE 23, 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 a Wholesale Mortgage Lender Save You Money? How Much Home Can I Afford?

FHA 203k rehab 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

Redfin

JULY 9, 2025

You may have saved enough for your down payment, but make sure to also account for closing costs, taxes, insurance, and any other unforeseen expenses that may arise. It’s best to shop around to find the best rate and determine the best type of mortgage loan for you. If it expires, you can reapply with updated financial info. >>Read:

Pre-approval

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

Marco Santarelli

JUNE 13, 2025

As of June 13, 2025, mortgage rates have shown fluctuations, with the average 30-year fixed mortgage rate currently remaining at 6.88% , which marks a substantial decrease of 11 basis points from last week's average of 6.99%. Here are more details about the current mortgage rate trends across various loan types. 7.32 -0.13

Mortgages

Redfin

AUGUST 5, 2025

Conveyance is when the property you’ve worked tirelessly to purchase becomes yours, and you’re transferred the deed and title. The transaction is completed using an instrument of conveyance, usually a legal document such as a title , deed or lease. Once the property is conveyed during the closing process , it’s yours.

Purchase and sale agreement

Redfin

JUNE 30, 2025

That said, laws and practices vary slightly by state, so it depends on how the title company, attorney, or escrow agent handles closings. Closing agent: A title company representative, escrow officer, or closing attorney (depending on the state) oversees the process, ensures documents are signed correctly, and handles funds.

Closing

The Mortgage Report

JULY 22, 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 Remove Someone from a Mortgage Without Their Permission? How Much Home Can I Afford?

FHA 203k rehab loan

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 28, 2025

From the down payment to closing costs, there are a lot of expenses to consider. Whether youre buying a house in Seattle or a home in Denver – this Redfin guide will break down every major cost to help you budget effectively and avoid surprises. home price about $420,000as a benchmark for estimating these costs.

Earnest money deposit

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