- Homebuyers
- January 5, 2021
All About Closing Costs: How Much You Really Need to Buy a Home
Closing costs are the final fees homebuyers pay before completing the purchase of their home. They are usually 2%-5% of the home's overall purchase price.
Closing costs are the final fees homebuyers pay before completing the purchase of their home. They are usually 2%-5% of the home's overall purchase price.
In late November, Fannie Mae and Freddie Mac announced that they were increasing their maximum conforming loan limits in 2021, but the GSE loan limits aren't the only ones going up. The Federal Housing Administration announced that it is increasing the loan limits for FHA mortgages in 2021.
The maximum conforming loan limits on mortgages to be acquired by Fannie Mae and Freddie Mac are set to increase for the fifth year in a row. Click the headline for the full details.
A mortgage pre-approval is the result of a process where a lender will look at your financial situation to figure out if you are a good candidate for a mortgage.
When choosing a Non-QM lender, you'll want to do some research beforehand. Ask yourself these key questions before getting started.
Due to their massive size, millennials have proven disruptive in many industries, and real estate is no exception.
Are you self-employed and looking for a mortgage or do you want to refinance an existing one? Many in this situation have found it challenging to secure a loan without the usual proof of income that most lenders require during the mortgage approval process.
They may sound similar and are often used in the same breath when talking about loans, but an interest rate and the annual percentage rate (APR) are very different even though both involve the cost of borrowing money and how much you'll end up paying your lender.
Finding the right Real Estate Agent may take a little bit of time but it can pay off in the end. If you follow these tips above, you'll be able to find an agent that will help land your that dream home you've been looking for.
Looking to buy or sell a home to a family member? A gift of equity can be very beneficial if you take all the right steps beforehand. Call us today!