HomeLight

DECEMBER 30, 2021

Taking on a mortgage is no casual agreement — which is why the loan qualification process is so stringent — but you’ll nearly always have options. Homeowners who sell their home while still holding a mortgage will pay it off with the proceeds of the sale — even if they end up taking on a new loan with the purchase of another property.

Mortgages 80

Mortgages Principal Loans Purchase and sale agreement 80

HomeLight

AUGUST 16, 2021

Sometimes you’ll even find grants to help you with closing costs and down payments. Source: (LinkedIn Sales Solutions / Unsplash). Second mortgages : These are loans you can take out to subsidize the down payment in addition to taking out a principal mortgage. Sound great? Sure it does! Step 1: Make sure you qualify.

Loans 92

Loans VA loan FHA loan Purchase and sale agreement 92

The Close

DECEMBER 29, 2022

This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. ” If a property is active contingent, a buyer has submitted an offer to purchase a property, but the sale won’t be finalized until certain conditions, or contingencies, are met. Active contingent.

Purchase and sale agreement 97

Purchase and sale agreement Title Proof of funds Pre-approval 97