Housing Wire

JANUARY 17, 2024

1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. What is reverse purchase financing?

Finance 458

Finance Seller concession Loan Officer Loans 458

Housing Wire

NOVEMBER 7, 2023

FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5% VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance. points from the 7.5%

VA loan 458

VA loan Agents Seller concession FHA loan 458

Housing Wire

SEPTEMBER 16, 2022

Rocket Mortgage and its wholesale arm Rocket Pro TPO will reduce homebuyers’ monthly mortgage payments by one full percentage point for the first year of their loan. UWM announced that its temporary rate buydowns – fueled by seller concessions – would reduce borrowers’ interest rates by up to 2% for the first two years of a mortgage.

Mortgages 397

Mortgages Seller concession Fixed-rate mortgage Loans 397

HomeLight

APRIL 29, 2021

Loan payoff amount. Loan payoff includes the remaining principal and interest owed up until closing. Seller concessions. Sellers may owe money at closing for financing concessions they agreed to pay for during the negotiation process to help close the sale. Property taxes.

Closing costs 61

Closing costs Closing Seller concession Homeowner’s association 61

HomeLight

MARCH 31, 2021

Although many closing costs are negotiable, sellers in Georgia are traditionally on the hook for the following: 1. Loan payoff amount. Loan payoff includes the remaining principal and interest owed up until closing. We often encourage [sellers] to keep an eye on that. Loan reconveyance fee. Property taxes.

Closing costs 93

Closing costs Closing Purchase and sale agreement Title search 93

HomeLight

MAY 3, 2023

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. However, several states don’t charge these fees at all.

Seller concession 110

Seller concession Purchase and sale agreement Inspection Title 110

HomeLight

OCTOBER 30, 2020

Even some homeowners of higher dollar homes have wound up in foreclosure: “I had one foreclosure where the house was worth over half a million, and it went into foreclosure over a loan of $10,000. Unfortunately, that homeowner waited too long, and left me with just 60 days to sell it,” explains Bethany Mendoza. “So, Subtract selling fees.

Short sale 105

Short sale Banks Equity Mortgages 105