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On the House: Comparing Different Money-Saving Mortgages That Come With Some Big Catches

Realtor.com

Getty Images / Realtor.com When it comes to making the largest purchase of their lives, most homebuyers would prefer to play it safe in choosing a loan. That’s why fixed-rate mortgages, the gold standard of home loans, have long been the most popular. Buy mortgage points to lower your rate.

article thumbnail

On the House: Comparing Different Money-Saving Mortgages That Come With Some Big Catches

Realtor.com

Getty Images / Realtor.com When it comes to making the largest purchase of their lives, most homebuyers would prefer to play it safe in choosing a loan. That’s why fixed-rate mortgages, the gold standard of home loans, have long been the most popular. Buy mortgage points to lower your rate.

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

.” If a property is active contingent, a buyer has submitted an offer to purchase a property, but the sale won’t be finalized until certain conditions, or contingencies, are met. A contingency might be the buyer selling their current house, requiring certain repairs to be made, or obtaining a clean termite inspection. Share This!