HomeLight

DECEMBER 27, 2023

Here, we explore five areas you can cover with a mortgage lender before putting your home on the market that will protect your best interests as a seller and give you a clear view of your current financial picture so you don’t regret the day you sold your house. Even with a fixed-rate mortgage, your total monthly payment can change.

Pre-approval 109

Pre-approval Mortgages Equity Principal 109

Realty Biz

AUGUST 12, 2023

Buying a home is a significant decision, and understanding mortgage terms can make the process smoother. Here are some key terms and their definitions: Mortgage : A loan specifically used to purchase real estate. Interest : The cost of borrowing money, expressed as a percentage of the loan amount.

Purchase and sale agreement 97

Purchase and sale agreement Mortgages Pre-approval Title search 97

Redfin

DECEMBER 15, 2023

In 2020, interest rates took a sharp dive as the Federal Reserve sought to stave off economic collapse amid the pandemic. The resulting low rates sparked a surge in real estate transactions, with numerous homebuyers securing 30-year fixed-rate mortgages below 3%.

Fixed-rate mortgage 67

Fixed-rate mortgage Mortgages Title search Equity 67

Realty Biz

MARCH 30, 2023

There are fixed-rate mortgages, adjustable-rate mortgages, hybrid loans, reverse mortgages, and FHA loans that all come with varying interest rates. To get the best rate for your situation, be sure to look closely at each type of mortgage.

Mortgages 102

Mortgages Pre-approval Pre-qualification Due diligence 102

Marco Santarelli

SEPTEMBER 22, 2023

Loosening lending standards : Lenders who are willing to extend credit to borrowers with weak credit histories or offer loans with minimal down payments are engaging in risky lending practices that could lead to a housing bubble. Choose a fixed-rate mortgage : A fixed-rate mortgage will protect you from rising interest rates.

Pre-approval 98

Pre-approval Fixed-rate mortgage Lending Equity 98

Realty Biz

SEPTEMBER 30, 2023

Understanding how a low credit score affects your mortgage and exploring government-backed programs can help you navigate the process. By comparing loan options, understanding loan terms and interest rates, and exploring resources for mortgage comparison, you can find the right mortgage lender for your financial situation.

Finance 97

Finance Debt-to-income ratio FHA loan Mortgages 97

Lighter Side of Real Estate

OCTOBER 18, 2023

Agents believe so strongly in owning a home because it provides many benefits, such as: Building equity: When you own a home, you are gradually building equity as you pay down your mortgage. Your agent can connect you to lenders who can pre-approve you for a mortgage so you can determine how much you can afford to spend.

Pre-approval 101

Pre-approval Fixed-rate mortgage Equity Agents 101