Remove Days on market Remove Equity Remove FHA loan Remove Mortgages
article thumbnail

Beaches, Mountains, Sunshine? Yes, Please. Here’s How to Buy a California Home

HomeLight

Typically, the better the score, the greater your chances are of qualifying for an affordable mortgage. These are often loans in the form of a second mortgage with their own interest rates and payback requirements. of the mortgage loan amount. of the mortgage loan amount. Jumbo loans.

article thumbnail

Selling a House ‘As Is’ in Virginia

HomeLight

Matt Megel , managing partner with CAZA Group , which sells homes 85% faster than the average Virginia agent, says that unlocking their home’s equity on a budget is one of the main drivers for homeowners wanting to sell their property “as is.” “One Skip repairs and close in as few as 10 days.

As-is 84
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Help Your Clients Save Thousands with a VA Loan Assumption

Lab Coat Agents

VA loan assumptions offer a fantastic opportunity for your clients to save thousands on their mortgage in a rising interest rate environment. What is a VA Loan Assumption? When a buyer assumes a VA mortgage loan, they take over the seller’s existing loan balance and current interest rate.

VA loan 52
article thumbnail

How Long Does a Short Sale Stay On Your Credit Report? Myth vs. Reality

HomeLight

If you’re “upside-down” in your mortgage (owing more than the property is worth), you have a few options. If you sell your house for less than you still owe on it, you may still remain responsible for making up the deficiency — the difference between the sales price and the outstanding mortgage balance. One of them is a short sale.

article thumbnail

Selling a House ‘As Is’ in Colorado

HomeLight

There are several reasons, which can range from a sudden change in circumstances, to the seller needing to access the equity in their home without making repairs. “It’s These are standards related to the overall condition of a property which will play a role in a lender’s willingness and/or ability to finance a buyer’s loan.

As-is 91
article thumbnail

How to Find Comps for My House: An Illustrated Guide

HomeLight

Agents use the same factors as a home appraiser because they know that if your house fails to appraise appropriately, a buyer may not get a mortgage on it, and the sale could fall through. If the appraiser says that your home’s market value is less than the offer price, the buyers can negotiate the price down or back out of the sale.

MLS 105
article thumbnail

Land of the First Boardwalk: Down Payment Assistance in New Jersey

HomeLight

Some mortgage programs require no down payment but can have strict eligibility requirements. First-time homebuyers may need a 20% down payment to avoid mortgage insurance (MI), which can sometimes be a difficult hurdle to clear. of the total mortgage toward their down payment. The full cost of the loan must be repaid.

Land 84