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 450

Finance Seller concession Loan Officer Loans 450

Housing Wire

NOVEMBER 7, 2023

VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance. These clients are typically low on funds, which is why they need this type of financing. It would be a disaster for FHA and VA homebuyers,” Evan Potter, branch production manager at Revolution Mortgage.

VA loan 450

VA loan Agents Seller concession FHA loan 450

Housing Wire

SEPTEMBER 16, 2022

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. Rocket said that a homebuyer with a $400,000, 30-year fixed rate mortgage with 5.75% interest would generally pay about $2,334 in principal and interest.

Mortgages 393

Mortgages Seller concession Fixed-rate mortgage Loans 393

HomeLight

APRIL 29, 2021

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. One of the most common seller concessions is repair credits.

Closing costs 60

Closing costs Closing Seller concession Homeowner’s association 60

HomeLight

MARCH 31, 2021

Although many closing costs are negotiable, sellers in Georgia are traditionally on the hook for the following: 1. Loan payoff includes the remaining principal and interest owed up until closing. Seller concessions. Examples of concessions include cash to cover closing costs , necessary repairs, and home warranties.

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. If the buyer puts down 10%-25%, then there is a 6% maximum.

Seller concession 109

Seller concession Purchase and sale agreement Inspection Title 109

HomeLight

OCTOBER 30, 2020

Look at your most recent foreclosure communications from the bank to determine what’s owed, including all outstanding principal and interest, and subtract it from your estimated sale price. Subtract selling fees. It costs money to sell a house.

Short sale 104

Short sale Banks Equity Mortgages 104