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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

DECEMBER 29, 2022

Clients might be interested in an ARM because it allows borrowers to take advantage of interest rate decreases without having to go through a whole refinance process and pay additional closing costs. How else would you and your clients understand how much is being paid in principal and interest over the years? Clear title.

Purchase and sale agreement 98
Purchase and sale agreement Title Proof of funds Pre-approval 98
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How to Get a Mortgage Loan: A Step-By-Step Guide for First-Timers

HomeLight

MAY 27, 2021

Average closing costs in 2020 were $6,087, including prepaid taxes, according to ClosingCorp data. These costs vary widely by state, and you may be able to roll the closing costs into the loan — although that means paying interest on the closing cost amount for the life of the mortgage. Title search.

Loans 82
Loans Mortgages Title FHA loan 82
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