A seller assist, also known as aseller concessionorseller credit, is a feature of loan programs that allows the seller to help the buyer by covering a portion or the entire closing costs. This option is desirable for buyers with limited cash and sellers facing challenges selling their properties...
Lorena Martinez Public Notary & Loan Closing Specialist I'm Lorena Martinez , and I'm your trusted Public Notary and Loan Closing Specialist. With years of experience in this field, I take pride in delivering meticulous notarial services and ensuring smooth loan closings for my clients. My commi...
Like any other business, there will be excellent and rotten eggs. If the mortgage officer is more concerned about “closing a deal,” you know, you’re in the wrong place. 7. Do You Charge an Origination Fee? Theorigination feeis an expense charged by most lenders for setting up a loa...
The simple answer is whenever the savings in interest rates reasonably offset the closing costs of a new mortgage. However, there are other reasons to refinance even if you cannot get a better interest rate. If you have a variable rate on your mortgage, your mortgage paym...
Fees and closing costs: Application fees: $0 Origination fees: $1,495 ($995 for SoFi members) Underwriting fees: $0 Read our full SoFi® Mortgage review For diverse loan offerings and relationship discounts: Bank of America ...
Having been in the real estate industry for thirty-seven-plus years, I’ve seen my share of buyers make sillymortgage mistakesthat either cost them the loan or delayed the closing. These are unpleasant problems you’ll want to avoid at all costs. ...
One of the questions I get from home sellers is what they can expect the time frame to be from start to finish. Those who arebuying a homefor the first time also ask as well. Closing on a house can be a tense experience and one you might want to be over as soon as possible. ...
If you’re not an investor, you may need rehab loan financing to buy one of these properties. Given the likely poor condition, anFHA 203k loancould be a good financing option. How to Find a Hoarders House For Sale Near Me? Is it possible to find hoarders’ houses nearby? Yes, althoug...