Windemere Selling
JUNE 13, 2022
Homeowners with Adjustable-Rate Mortgages (ARMs) will often refinance and switch to a Fixed-Rate Mortgage due to fluctuations in interest rates, locking in an established rate for the remainder of the loan term. Refinancing in order to change the length of the loan can be beneficial as well.
HomeLight
MAY 31, 2022
Interest rates on 30-year fixed-rate mortgages reached their highest since April 2020. Nevertheless, despite rising interest rates and creeping inflation, the housing market continues to enjoy favorable pricing, largely due to low inventory. Mortgage payoff amount: $200,000. Net proceeds.
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The Close
DECEMBER 29, 2022
A contingency might be the buyer selling their current house, requiring certain repairs to be made, or obtaining a clean termite inspection. Don’t you love it when the co-borrower is the client’s dad who comes along on the inspection and is suddenly an expert on chimney engineering? Got Clients With Interest Rate Questions?
HomeLight
AUGUST 25, 2020
If you have a mortgage on your home, your housing payment will be the same every month — but in the first couple of years, the vast majority of that overall payment will likely go toward interest and will barely touch the principal balance. Inspection and repair fees (varies). The standard 5% – 6% Realtor commissions for the sale.
Marco Santarelli
AUGUST 2, 2020
About 1 percent of Redfin customers waived either a financing or inspection contingency last month. It seems they want to cash in on the opportunity to purchase their favorite properties amid a historically low-interest rate of 3.3 percent on a 30-year fixed-rate mortgage. percent in May, from 6.1 months to 5.4.
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