HomeLight

AUGUST 28, 2020

As if mortgage rates aren’t confusing enough , lenders had to throw discount points into the mix. 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. Mortgage rate. No points.

Mortgages 92

Mortgages Loan Officer Loans Seller concession 92

Realty Biz

MAY 20, 2021

At the beginning of 2021, median home prices were up 10% across most of the nation, the fastest rising pace since 2006, fueled by low mortgage rates and high demand. Prices for new home construction are also up (21%) as home builders raised their prices due to demand and soaring costs of materials coupled with supply chain issues.

Marketing 78

Marketing Seller concession Fixed-rate mortgage Mortgages 78

HomeLight

NOVEMBER 10, 2021

Unless they’re buying brand-new construction , buyers consider your home “used” and wonder how soon they’ll have to replace or repair something, such as a major appliance. Sellers typically pay between 6%-10% of the final sale price in closing costs to cover: Agent commissions. Seller concessions. Prorated property taxes.

Inspection 118

Inspection Title Seller concession Agents 118

Redfin

DECEMBER 27, 2023

18 housing trends that defined the year, including record mortgage rates, depleted inventory, and dwindling home sales 2023 was a difficult year for the housing market. In short: Record mortgage rates, high inflation, and persistently high housing and rental prices. Seasonal trends buckled. So what happened? a Redfin company.

Marketing 65

Marketing Mortgages Investor New Construction 65

HomeLight

APRIL 14, 2023

But even though the monthly mortgage payments fit into your budget, you’re concerned about coming up with enough cash for a myriad of closing costs in addition to the down payment. Others, such as origination fees and interest, are directly related to obtaining a mortgage. The rate could go from 7% to 6.5%

Closing costs 93

Closing costs Closing Purchase and sale agreement Title 93

HomeLight

JULY 12, 2022

Higher prices and mortgage rates conspired to slightly slow sales, which were down 2.6% So, the seller’s market is holding, but cooling. Besides your mortgage payoff, homeowners typically incur a number of costs in selling a home — whether they work with an agent or offer the property for sale by owner (FSBO). from one year ago.

Seller concession 99

Seller concession Closing costs Renovation Title search 99

HomeLight

APRIL 26, 2023

Not having agent representation could also lead to paying more in seller concessions. Graham says the next step is to ask for a pre-approval letter from a reputable mortgage company that you’re comfortable with. However, as a FSBO seller, you can find the Alabama Seller’s Property Disclosure Statement online.

MLS 70

MLS Agents Sales Proof of funds 70