Be sure your plan includes budgeting for what you need to purchase your dream home – without any surprises! Saving for a down payment is a key step in the homebuying process, and it’s not the only piece you need to include in your budget. Another factor that’s important to plan for is the closing […]
Closing Costs For Buyers | Donald Horne, Team Success Listing LLC Many homebuyers think that saving for their down payment is enough to buy the house of their dreams, but what about the closing costs that are required to obtain a mortgage? By law, a homebuyer will receive a loan estimate from their lender 3 days […]
Story from Craig Donofrio, 10 Home Buying Costs You Need to Know About, talks about first time buyers and their fees … If you’re a first-time home buyer, you might get a little queasy when the last line of your good-faith estimate comes in at several thousand dollars. And after the color returns to your face, you might […]
What is Seller Concessions? Seller concessions are when a home buyer asks the home seller to pay costs on the home buyer’s behalf. These costs could include: Title insurance, processing, origination, inspection fees and transfer taxes. For the buyer, the more costs a seller is willing to assume, the more they’ll be able to put […]
e-Mortgages Will Speed Closings and Cut Costs according to Fannie Mae. This weeks mortgage article from RealtorMag talks about electronic mortgage processing… An electronic mortgage process could cut 30 days off the average 52 days it takes to close a loan, according to a team developed by Fannie Mae to study e-mortgages. What’s more, […]
Potential buyers closing costs in Lake Orion MI. Real property is transferred from the seller to the buyer through a real estate contract. The contract is executed and the title to the property is transferred to the buyer at closing. A variety of costs associated with the transaction is to be paid by either the […]