HomeLight

SEPTEMBER 1, 2020

There are pros and cons to consider when going this route, however, such as the fact that bank-owned properties often need more TLC than other homes on the market, and many are sold as-is. If the former homeowner defaulted on an FHA loan, the home may become inventory for various HUD programs, including the Good Neighbor Next Door program.

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Banks Inspection contingency Inspection FHA loan 75

HomeLight

JANUARY 27, 2021

Ready to hit the market, buy your dream home and conquer this whole homeownership thing? They’ll have specialized market information that others won’t. and 1% of your loan amount, annually. And with most loans, you can drop mortgage insurance when you reach 20% equity. It’s an exciting step in life, to be sure.

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Closing costs Loans Inspection Earnest money deposit 117

HomeLight

AUGUST 9, 2022

“So, someone could literally buy a $700,000 house with no money down with a VA loan,” says May. A Federal Housing Administration loan is backed by the federal government. Unless you’re putting 20% down on a mortgage loan, mortgage insurance is required to protect the lender if the buyer defaults on their loan.

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Earnest money deposit VA loan Purchase and sale agreement FHA loan 91

HomeLight

MARCH 6, 2023

The benefit of owning a house far outweighs what might be considered a higher interest rate in the current market.” He explains that owning a house is the most constructive and easiest way to build wealth, and even if you pay more now, you are still building equity, and will likely enjoy significant tax benefits.

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Closing Earnest money deposit Sales Title 85

HomeLight

DECEMBER 29, 2021

You can’t always avoid [a low appraisal],” says Megan Walters , a top-rated agent who sells homes 40% faster than the average agent in her Columbia, Missouri, market. Some reasons that your home might not appraise as well as you’d like include: Sluggish housing market, which results when values make a sharp downturn (a la 2008).

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Purchase and sale agreement VA loan Loans Agents 103

HomeLight

AUGUST 24, 2022

Clients maximize the value of their quick home sale with a competitive top market offer and no additional fees, commission or upfront costs. Average days on market for Connecticut. He’s also familiar with the local market conditions, and can advise the seller on things to do to make the house more appealing to buyers.

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As-is Inspection Investor Closing costs 95

HomeLight

OCTOBER 29, 2021

Let’s be honest: 2020 (and the bulk of 2021) have been pretty intense for all of us, and in many regions, the real estate market seems to reflect that stress. Take a look at these tips and insight into finding your way to homeownership as a first time buyer , as well as some things that you really shouldn’t do in today’s market.

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Inspection Loans VA loan Title 88