Realty Biz

SEPTEMBER 23, 2023

Understanding the mortgage process, including prequalification and pre-approval, is also essential. Understanding the Mortgage Process When purchasing a home, understanding the mortgage approval process is essential. It is essential to prepare for the mortgage pre-approval process.

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Purchase and sale agreement Pre-approval Agents Pre-qualification 73

HomeLight

SEPTEMBER 30, 2020

But what if you’re buying a short sale? Does that mean you might encounter even more reasons to cry while trying to get a short sale mortgage loan ? Securing a short sale mortgage loan isn’t that different from purchasing a standard home. What’s a short sale ?

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Short sale Loans Sales FHA loan 138

HomeLight

OCTOBER 5, 2020

As fate would have it, right when you’re ready to start seriously searching for a home to buy, your dream house is listed for sale as a short sale. If you don’t know about short sale requirements for buyers, you might feel like you’re out of luck. What’s a short sale?

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Short sale Sales Pre-approval Pre-qualification 83

HomeLight

MAY 19, 2022

“I just had three sales last month where I lent the sellers the money needed to make the repairs and they netted almost triple the amount of money we put into the house,” Umanzor says. Consider a pre-listing inspection. Not every buyer who has an approval letter will get to the finish line.”. It’s a win-win for everybody.

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HomeLight

OCTOBER 27, 2021

If you’re going to be buying the preforeclosure with a mortgage, your purchase agreement is contingent on your ability to secure a loan, so getting preapproved is important. For this type of home purchase, you can get either a conventional loan or government loan (such as an FHA loan or VA loan ).

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Purchase and sale agreement Inspection Homeowner’s association Title 93

HomeLight

MAY 23, 2022

Consider a pre-listing inspection. A pre-listing home inspection is the same as a standard home inspection except that the seller pays for it before listing their home on the market. That being said, a pre-listing inspection isn’t a necessity. Be aware of minimum property standards for certain loans.

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As-is Inspection Investor Sales 98

HomeLight

NOVEMBER 10, 2021

Or that FHA loan limits vary widely, too? Buyers who are moving from one area of the country to another could be shocked at the difference in prices and loan limits. After you submit your documentation, you’ll know what kind of budget you have to work with, or your approval “ceiling.”. Source: (Mark Olsen / Unsplash).

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