Due diligence Equity Pre-qualification Proof of funds 
HomeLight
DECEMBER 6, 2022
A house is typically a person’s largest financial asset, and the decision to sell solo is often understandably driven by a desire to save on commission fees and pocket more equity from a hard-earned investment. In recent years, the hot New Jersey real estate market and a steep rise in equity added extra incentive to maximize profits.
The Close
DECEMBER 29, 2022
It generally results in a higher interest rate or additional points, but it’s a way for homeowners to leverage their equity in a property. Loans with less than 20% down often require buyers to pay private mortgage insurance until they reach a certain equity ratio. Due diligence period. Home equity conversion mortgage.
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