HomeLight

AUGUST 28, 2020

What are points on a mortgage loan, anyway? Many lenders now give you the option to buy down your mortgage interest rate through discount points, saving you money over the life of your home loan. You’re paying more for the home upfront, in exchange for paying less for your home over the lifetime of your loan. No points.

Mortgages 96

Mortgages Loan Officer Loans Seller concession 96

HomeLight

APRIL 14, 2023

Richie Helali , a licensed senior mortgage advisor at HomeLight Home Loans , says that closing costs are most often paid through wire transfer or certified check, along with the down payment for your home loan. We’re seeing more rate buydowns from sellers. Note that some items are based on a percentage of the loan amount.

Closing costs 99

Closing costs Closing Purchase and sale agreement Title 99

HomeLight

JULY 12, 2022

Currently accepting new clients. With a degree in finance from Penn State, Delaware agent Michael Kennedy is quick to provide his clients with an Excel spreadsheet that includes net projections. Seller concessions. Home sales tend to involve several rounds of negotiation between the buyer and seller. Transactions.

Seller concession 105

Seller concession Closing costs Renovation Title search 105

HomeLight

APRIL 14, 2023

This process takes away the stress and uncertainty that comes with listing your home traditionally and dealing with buyers who come with contingencies and want seller concessions. That doesn’t mean that you won’t get an acceptable offer, but “the cash buyer just has a little bit more leverage than someone who’s financing.”

Sales 94

Sales Due diligence Agents Closing 94

HomeLight

APRIL 26, 2023

Not having agent representation could also lead to paying more in seller concessions. A bank statement will help weed out people who are just looking around and don’t have the qualifications to purchase your house from legitimate buyers who can obtain financing. Overpricing or underpricing.

MLS 76

MLS Agents Sales Proof of funds 76

HomeLight

NOVEMBER 21, 2022

Not having agent representation could also lead to paying more in seller concessions. Or their employment or financial situation might have changed, thus affecting their ability to get a loan. Meter conservation charge (utility financed or leased property, delinquent charges for gas, electric, water, sewer, and garbage).

Purchase and sale agreement 87

Purchase and sale agreement MLS Pre-approval Agents 87