HomeLight

JANUARY 27, 2021

Your mortgage payment is more than just the cost of the principal and interest on your loan. to 1% of the loan amount annually. Make sure you budget for the entirety of your monthly mortgage payment, not just your principal and interest! Know your loan types. Conventional loan. This can spell trouble.

Closing costs 117

Closing costs Inspection Loans Earnest money deposit 117

HomeLight

OCTOBER 29, 2021

When you submit the application, be sure to ask your loan officer if the company needs any additional information or paperwork from you. In that case, you could get your earnest money back if you have an inspection contingency and make the decision within the period the contract specifies. Interest rate.

Closing 78

Closing Inspection Title Due diligence 78

HomeLight

JUNE 30, 2022

Even in a competitive housing market, where buyers are waiving inspection contingencies , it’s always a good idea to get an inspection so you know what exactly is wrong with the house before you take ownership. Additionally, you may qualify for a conventional loan with as little as 3% down.

Purchase and sale agreement 68

Purchase and sale agreement Inspection Earnest money deposit Closing costs 68

Redfin

FEBRUARY 10, 2021

PMI is an added insurance charged by mortgage lenders to protect themselves in case you default on your loan payments. Money that is not going against the principal of your mortgage. The fast pre-approval usually encompasses a credit report and a loan officer review and can be done in less than a couple of hours.

Debt-to-income ratio 75

Debt-to-income ratio Pre-approval Inspection Purchase and sale agreement 75