HomeLight

AUGUST 29, 2022

If you plan on applying for a mortgage, your lender will want to see at least two years of steady employment or business ownership if you’re self employed. Typically, the higher your credit score, the lower your interest rate will be, which saves you money over the life of the loan. It’s all about the down payment.

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Earnest money deposit Title Inspection Title search 91

HomeLight

MAY 24, 2022

Mortgage interest is tax-deductible , and many homeowners appreciate the deduction. If you only pay cash for the down payment, and take out a mortgage for the remainder of the purchase price, it keeps more money in your pocket. But just how long does it take to close on a house with cash, compared to a traditional loan?

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HomeLight

MARCH 13, 2023

Joseph has encountered active military who recently purchased homes with a VA loan, but got orders to ship out only to find that their home hadn’t appreciated much in a short time. You don’t need the added stress of waiting for the buyer’s mortgage approval or a home inspection turning up any unpleasant surprises.

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HomeLight

JULY 31, 2021

While a cash sale is generally quicker and simpler than a transaction involving a mortgage, Dickout notes that the timeline can vary. Some, however, are ready to move immediately, in which case we are limited by the bandwidth of the title company to complete the title search process and get all the documents together.”.

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Investor Title Due diligence Sales 102

HomeLight

MARCH 16, 2023

Naumann says buyers may not get a mortgage if big-ticket items like the roof or A/C aren’t in good condition. Investors offer alternatives to foreclosure and bankruptcy About 60% of sellers who contact Ramcharitar are behind on their mortgage payments. The buyer does due diligence during the option period in Texas.

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Sales Purchase and sale agreement Earnest money deposit Investor 64