Windemere Buying
OCTOBER 18, 2021
Not getting pre-approved Getting pre-approved is a key component of the early stages of the buying process and will help to maximize your chances of getting your offer accepted. Because new credit changes your debt-to-income ratio, lenders will likely want to review your mortgage approval and your risk of non-payment.
HomeLight
AUGUST 31, 2021
A cash offer simply means that a buyer already has the funds available to buy the house and can pay for it without securing a mortgage loan. From the seller’s point of view, it doesn’t make much difference whether the cash comes from the buyer’s personal bank account or from a mortgage loan. The inspection.
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HomeLight
JULY 31, 2020
For most buyers, financing a home through a bank or lender with a mortgage loan is necessary to purchase the property. Interest rates can spike unexpectedly which can affect qualification if the loan is not locked, or the buyer’s credit score or income can change, causing the underwriter to reject the loan. Loan approval. Dodge move.
HomeLight
MARCH 6, 2023
Closing costs in California average about 1% of the home’s sale price , and there are other pre-paid costs to consider as well. The amount of financial assistance available depends on the type of mortgage loan you use. You can also ask family, friends, your buyer’s agent, and attorneys for mortgage lender recommendations.
HomeLight
MARCH 2, 2023
Closing costs in California average about 1% of the home’s sale price , and there are other pre-paid costs you might have as well. It’s important, especially for first-time buyers, to have someone in both the real estate side and in the mortgage side of things who will represent you and help you navigate.”
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