BiggerPockets
MARCH 25, 2024
Owner financing offers buyers and sellers more opportunities with real estate transactions. Before entering this type of transaction, it’s important to know what owner financing is, how it works, who benefits, and who pays property taxes on owner financing.
Realtor
MAY 17, 2023
As a seller, here’s what you need to know about the settlement process. Once the contract has been signed, a seller can’t renegotiate the price higher. The buyer may have to come up with additional cash to cover the financing gap or may ask you to renegotiate the contract.
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Eppraisal
NOVEMBER 28, 2023
Here’s what you need to qualify for a loan, plus the rundown on five financing choices. How First-Time Homeowners Can Utilize Financing Options Buying a house involves saving considerable cash and borrowing the remaining funds necessary to make a purchase is the norm. They can be conforming or nonconforming. Conforming
Will Springer Realtor
MARCH 7, 2023
Residential property is assessed each year at its full market value, which is defined as the amount a buyer, willing but not obligated to buy, would pay to a seller willing but not obligated to sell. For residential parcels, fair market value is generally determined by analyzing recent sales of comparable properties in the same area.
Housing Wire
MARCH 1, 2024
A homeowner’s largest life-of-loan costs are property taxes and recording fees ($29,675), fees paid to the mortgage-backed security (MBS) investor ($28,779), fees paid to the lender ($14,026), homeowner’s insurance ($9,279) and GSE fees (7,705).
Housing Wire
DECEMBER 22, 2020
They’ll need a small amount of information about your income and finances, and if all looks good, they’ll give you a preapproval letter stating how much money you can likely borrow. It shows the seller you’re serious about their property, and usually amounts to about 2% of the home price. You’re not alone.
Housing Wire
MAY 25, 2023
Longbridge Financial, LLC, (NMLS #957935) believes that the answer to this dilemma is the HECM/Reverse for Purchase financing option. Most real estate agents, builders and potential customers have no idea that this financing option exists to purchase homes,” he said.
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