The Close

SEPTEMBER 2, 2020

8 How do I get approved for a loan? 14 What is mortgage insurance? 17 What is the home sale process? 19 How does a VA loan work? 32 Are all mortgage company interest rates the same? 33 Should I do a 15- or 30-year mortgage? 37 How does an agent come up with the sales price?

Purchase and sale agreement 124

Purchase and sale agreement Renovation VA loan Pre-approval 124

Realty Biz

JANUARY 19, 2024

From three decades working as a Realtor, there are common denominators for first-time home buyers going through the purchase process with ease. Interviewing and selecting a buyer's agent and choosing a mortgage lender and real estate attorney are vital steps. A good credit score is vital for securing a favorable mortgage rate.

Debt-to-income ratio 100

Debt-to-income ratio Pre-approval Purchase and sale agreement Inspection 100

HomeLight

JULY 31, 2022

Even before you decided to put your home up for sale, you probably knew making minor repairs and sprucing up your home would increase the chances of attracting the right buyers and getting a great offer. So how can you know what kind of repair issues could potentially derail a sale — before you even have an offer?

Closing 98

Closing FHA loan Purchase and sale agreement Inspection 98

HomeLight

OCTOBER 27, 2021

A home is in preforeclosure when the owner has stopped making mortgage payments for several months and their loan is delinquent or in default — so the owner is approaching foreclosure. In fact, the homeowner might even have a plan to catch up on the mortgage, and in the end, the home won’t end up in any kind of sale.).

Purchase and sale agreement 87

Purchase and sale agreement Inspection Homeowner’s association Title 87

HomeLight

NOVEMBER 16, 2021

Less-than-stellar credit history can create an obstacle to getting a mortgage , making the whole process even more daunting. Through the Home Partners program, prospective rent-to-own homebuyers start by filling out a pre-qualification application. If approved, they move to submit a full application. Home Partners.

Purchase and sale agreement 82

Purchase and sale agreement Pre-approval Debt-to-income ratio Pre-qualification 82

Redfin

FEBRUARY 10, 2021

In early 2021, homebuyers will remain undeterred by the pandemic, eager to take advantage of sub-3% mortgage rates while they last. There is a shortage of homes for sale. That all contributes to a shortage of homes for sale and makes buying even more competitive. Money that is not going against the principal of your mortgage.

Debt-to-income ratio 73

Debt-to-income ratio Pre-approval Inspection Purchase and sale agreement 73

Redfin

AUGUST 3, 2022

Homeownership offers stability and a sense of security and safety, but the process of making the biggest purchase of your life can seem overwhelming. The safest rule of thumb dictates that your mortgage loan payment should not exceed 28% of your monthly gross earnings. Save for a down payment.

Pre-approval 73

Pre-approval Purchase and sale agreement Title Debt-to-income ratio 73

HomeLight

AUGUST 12, 2022

On the flip side, some buyers in today’s seller’s market are trying so hard to compete that they submit an as-is offer indicating their willingness to purchase the property without expecting the seller to make changes. HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition.

As-is 92

As-is Purchase and sale agreement Investor Closing costs 92

The Close

DECEMBER 29, 2022

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. So we’ve included a handy download with questions your clients should ask their mortgage broker. Adjustable-rate mortgage (ARM). Active contingent. Amortization.

Purchase and sale agreement 98

Purchase and sale agreement Title Proof of funds Pre-approval 98