article thumbnail

Buy Your First Home in Massachusetts: 15 Questions Answered

Realty Biz

This includes checking your credit score, saving for a down payment, and getting pre-approved for a mortgage. Online mortgage calculators can provide a rough estimate, but getting pre-approved by a lender will give you a more accurate figure. What Is a Mortgage Pre-Approval? How Do I Start the Home Buying Process?

article thumbnail

How to Become a Real Estate Agent in Texas: A Comprehensive Guide

Kyle Handy

Each aspiring agent must complete 180 classroom hours of pre-licensing education covering real estate finance, contract law, and real estate principles. Required Courses To become a real estate agent in Texas, you must complete 180 classroom hours of pre-licensing courses approved by TREC.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

15 Homebuying Terms You Should Know When Searching for Your New Home

RIS Media

Fees may include the appraisal, the home inspection, a title search, a pest inspection and more. During this time, the home is inspected and appraised, and the title searched for liens, etc. Pre-approval : A thorough assessment of a borrower’s income, assets and other data to determine a loan amount they would qualify for. .

article thumbnail

Getting the Listing: How to Stand Out From the Crowd and Beat the Competition

HomeLight

This week on The Walkthrough , Barrett Spray introduces you to his team’s “pre-listing box” and their tag-team approach to meeting new sellers. Lots of agents have a pre-listing package, and it’s a file or a folder of some sort that says, you know, this is who we are and this is what we do. Very little.

article thumbnail

How to Get Your Real Estate License In Vermont

Ryan Serhant

Meet the pre-qualifications. Complete 40 hours of approved VT pre-licensing education. Meet the pre-qualifications. . Meet the pre-qualifications. . You must meet a few pre-qualifications from the Vermont Real Estate Commission (VREC) before you can start working on your license education.

article thumbnail

What Is a Deed of Trust? This Document Holds the Key to Your New House

HomeLight

If the borrower stops making mortgage payments, the lender has legal recourse available to reclaim the title to the property and recoup its losses through the court system. With a deed of trust, meanwhile, a third party (or trustee) holds the legal title to the property until the borrower has satisfied their loan payments.

Title 101
article thumbnail

Mastering Mortgage Basics: 10 Key Concepts Every Homebuyer Should Know

Redfin

Government-backed loans, such as FHA or VA loans, provide more flexible qualification criteria and specific benefits. How does the mortgage pre-approval process work? Mortgage pre-approval is a crucial step in the homebuying process. What are closing costs?