HomeLight

AUGUST 28, 2020

What are points on a mortgage loan, anyway? Many lenders now give you the option to buy down your mortgage interest rate through discount points, saving you money over the life of your home loan. You’re paying more for the home upfront, in exchange for paying less for your home over the lifetime of your loan. No points.

Mortgages 87

Mortgages Loan Officer Loans Seller concession 87

HomeLight

APRIL 14, 2023

Richie Helali , a licensed senior mortgage advisor at HomeLight Home Loans , says that closing costs are most often paid through wire transfer or certified check, along with the down payment for your home loan. We’re seeing more rate buydowns from sellers. Note that some items are based on a percentage of the loan amount.

Closing costs 88

Closing costs Closing Purchase and sale agreement Title 88

HomeLight

JULY 12, 2022

Seller concessions. Home sales tend to involve several rounds of negotiation between the buyer and seller. For example, if a home inspection uncovers plumbing problems or electrical hazards, the sellers might offer the buyers a credit rather than spend the money to fix the problem before closing. Seller concessions.

Seller concession 93

Seller concession Closing costs Renovation Title search 93

HomeLight

APRIL 26, 2023

Not having agent representation could also lead to paying more in seller concessions. You don’t want to find out two days before closing that the loan didn’t come through and the deal falls apart after you’ve already moved out of your house. You’ll still have selling costs, which may include transfer taxes and settlement fees.

MLS 67

MLS Agents Sales Proof of funds 67

HomeLight

APRIL 14, 2023

This process takes away the stress and uncertainty that comes with listing your home traditionally and dealing with buyers who come with contingencies and want seller concessions. Keep in mind, the DOMs listed below do not include the average 43 additional days a buyer needs to close on a purchase loan. The company has 4.6

Sales 81

Sales Due diligence Agents Closing 81

HomeLight

NOVEMBER 21, 2022

Not having agent representation could also lead to paying more in seller concessions. Or their employment or financial situation might have changed, thus affecting their ability to get a loan. Marketing your home is time-consuming. You’ll still have selling costs, which may include transfer taxes and settlement fees.

Purchase and sale agreement 75

Purchase and sale agreement MLS Pre-approval Agents 75