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Say What? Home-Buying Lingo You Should Know

Zillow

Comps : Or comparable sales, are homes in a given area that have sold within the past six months that a real estate agent uses to determine a home's value. Condo insurance : Homeowners insurance that covers personal property and the interior of a condo unit should damage occur. The fee, 0.3%

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What’s Included in Closing Costs?

PennyMac

In some states, you need an attorney to close on your home. This fee will cover the attorney preparing and reviewing agreements and contracts. State laws will usually dictate who is legally responsible for overseeing the closing. If you’re buying a house built before 1979, you run the risk of lead-based paint in the home.

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The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

Build Equity Every time you make a mortgage payment, you build equity in your home. Think of equity as the amount of money your home is worth after what you owe is deducted. When your home value goes up and you start paying off the loan's principal balance, that builds equity. How Much Can You Expect to Pay?

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Institutional SFR players are stuck in the doldrums

Housing Wire

But the caveat, of course, is that all bets are off if there’s a more meaningful contraction in lending [in the wake of recent bank failures and other economic factors] because then you’re in serious trouble,” Petrosinelli added. Post release, the remaining 8,489 properties will collateralize the same debt of $2.06

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GSEs further expand AVMs, desktop and hybrid appraisals

Housing Wire

Fannie Mae and Freddie Mac’s equitable housing finance plans further expand non-traditional property appraisals, which sometimes rely on property tax information, data collected by third parties, or algorithms to assess a property’s value. Both GSEs argue that these approaches advance equity.

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