Remove Finance Remove Inspection Remove Principal Remove Staging
article thumbnail

Mortgage lenders need to lean in to consumer expectations

Housing Wire

From hybrid appraisals to virtual showings to RON/RIN, the digital mortgage process took center stage over the last year. From ordering food to buying goods to managing their finances, consumers can do it all from the palm of their hand, without ever having to leave their house. And why shouldn’t they?

Mortgages 414
article thumbnail

Should You Refinance or Sell Your Home?

Windemere Selling

If your finances have improved since you initially secured your mortgage—for example, your debt-to-income ratio has improved, or you’ve bumped up your credit score—you may be able to lock in a better rate with your lender. Refinancing your home could also put cash in your pocket. This can add up, so it’s important to budget properly.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Georgia Sellers: Here’s a Round Up of Your Closing Costs

HomeLight

This total cost includes: Prep costs: $5,238 for pre-listing home improvements such as lawn care, painting, staging, and more. Loan payoff includes the remaining principal and interest owed up until closing. The bond covers the cost of inspections, treatments, and repairs for the length of the contract, typically one to two years.

article thumbnail

What Home Sellers Need to Know about Closing Costs in Kentucky

HomeLight

A prepayment penalty is a percentage on the unpaid principal balance at the time of payoff. If you plan to negotiate your real estate agent’s commission, Terry recommends that you find out what value adds are included in the service and negotiate discounts for anything you might not need, such as staging services. Home repairs.

article thumbnail

What Expenses Are Deductible in Selling a House?

HomeLight

That mortgage interest and property taxes are the main deductions a principal residence has on an annual basis — even in the year of sale.”. However, there are allowable exclusions on the proceeds from the sale of a principal residence, which we’ll address in a minute. “The What deductions apply in the year of a sale? Recording fees.

article thumbnail

Mistakes to Avoid When Buying and Selling a Home

Windemere Selling

. #2 Get pre-approved Before getting serious about your hunt for a new house, you’ll want to choose a lender and get pre-approved for a mortgage (not just pre-qualified—which is a cursory review of your finances—but pre-approved for a loan of a specific amount). Pre-approval lets sellers know you’re serious.

article thumbnail

Fees and Costs Associated With Selling a House in 2023

HomeLight

Staging and prep costs 1%-4% Inspections and repairs varies Title, settlement, and taxes 1%-3% Seller concessions 0%-6% Get a Free Home Value Estimate Enter a few details about your home and we’ll provide you with a preliminary estimate of home value in less than two minutes. Install fresh mulch for another $1,749 boost.