Marco Santarelli

MARCH 6, 2025

Principal and Interest (P&I): The portion of your monthly payment that goes towards paying down the actual loan amount (principal) and the cost of borrowing the money (interest). APR (Annual Percentage Rate): This is the true cost of your loan, including the interest rate, plus any fees and other charges.

Mortgages 64

Mortgages Debt-to-income ratio Loans Principal 64

HomeLight

DECEMBER 31, 2021

It’s calculated by taking the current value of your home minus your principal balance and the total of any additional liens that must be paid off before selling the property. But if you don’t have any additional liens to account for, simply take your home value minus your unpaid principal to estimate your home equity.

Equity 116

Equity Principal Loans Renovation 116

HomeLight

AUGUST 31, 2021

A note about lenders, brokers, and no-closing-cost loans. Another common option that allows a borrower to potentially save on upfront costs – but will cost a bit more over the life of the loan – is the no-closing-cost loan. Source: (Backgroundy / ShutterStock). Source: (Backgroundy / ShutterStock).

Mortgages 97

Mortgages Closing costs Loans Banks 97

Marco Santarelli

APRIL 9, 2025

When the White House announced higher tariffs, it contributed to an initial drop in mortgage rates as investors sought safety in bonds. Here's a simple breakdown of how it works: When you take out a mortgage, you agree to pay back the amount borrowed (the principal) along with interest over a set period, typically 15 or 30 years.

Mortgages 69

Mortgages Principal Investor Loans 69

Toronto Realty Blog

MAY 31, 2023

per month mortgage fee there’s principal and there’s interest. In the first year of the mortgage $6,067 of principal is paid down as $15,190 of interest is gone as a sunk cost. One story references pre-construction condo investors specifically, but there are so many other factors here.

Fixed-rate mortgage 19

Fixed-rate mortgage Principal Investor Mortgages 19

CT Homes

AUGUST 24, 2021

Investors removing themselves can occur for a plethora of reasons: market fluctuations, financial changes, or general life and goal adjustments that are natural to occur over time. Successful investors know the importance of developing a solid exit strategy before an investment is ever finalized. Exit Strategy #1: Sell.

Investor 88

Investor Loans Development Equity 88

HomeLight

JUNE 22, 2023

If you’re going to buy a home, you’ll need enough savings for a down payment, closing costs, and financial experts advise that you should also have enough money left over in your savings accounts to cover at least three months of expenses in case of an emergency. Q: What’s included in my monthly mortgage payment?

Debt-to-income ratio 98

Debt-to-income ratio Mortgages FHA loan Loans 98

HomeLight

FEBRUARY 25, 2022

A lot of the cash offers are from investors that are coming in and know what’s going on with rent rates,” says Studebaker. This helps separate the average homeowner from investors. Investors buy and sell homes annually for a profit, which counts as income. Testing the 5 year rule: How much does it cost to sell my home?

Seller concession 111

Seller concession Closing costs Inspection Agents 111

Norada Real Estate

JUNE 22, 2022

” But, if an investor does not have that much cash in hand, finance is required to meet the purchase price of an investment property. In the case of a Non-Recourse Loan, the investor puts an asset forward. A turnkey rental property is a source of passive income for investors. What is a Turnkey Rental Property?

Finance 96

Finance FHA loan Investor Loans 96

HomeLight

OCTOBER 15, 2020

Mancuso’s Rochester, New York , market draws investors from around the globe, due to lower-than-average entry points and high rates of return. But that’s not possible for all investors in all markets. But beware of higher upkeep costs. Ideally, an investment property will yield gains in the short term and the long term.

Investor 81

Investor Closing costs Renovation Agents 81

Norada Real Estate

FEBRUARY 21, 2022

These are the steps every budding property investor should take to pick a good cash-generating rental property. Imagine this – After you make the down payment and pay all closing costs, the renter pays off your mortgage. New real estate investors should start with single-family rental homes. How good is that?

Purchase and sale agreement 111

Purchase and sale agreement Investor As-is Due diligence 111

HomeLight

JANUARY 11, 2023

Closing costs: Sellers pay no closing costs; Meridian Trust covers them. Simple Sale has a network of cash buyers on its platform, and partner investors have a wide range of investment strategies, including fix-and-flip and buy-and-hold. Individual investor fees may vary. stars out of 5 , and has 4.5

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Purchase and sale agreement Closing costs Closing Agents 97

Lab Coat Agents

NOVEMBER 20, 2024

If you are the buyer, this means you inherit the loan’s principal balance, interest rate, and repayment terms. And most VA loans can be assumed by investors, second home buyers, and buyers who intend to occupy the home as a primary residence. Another advantage is the reduced closing costs associated with assuming a mortgage.

Purchase and sale agreement 98

Purchase and sale agreement Mortgages Pre-approval VA loan 98

HomeLight

JULY 26, 2021

make extra payments on the principal loan balance), you could save thousands of dollars in interest over time. As an investor, you gain or lose money depending on what’s happening in the market at a set moment in time. As you pay down your mortgage principal, you build equity in your home. Plus, if you prepay your mortgage (i.e.,

Equity 105

Equity Principal Mortgages Loans 105

HomeLight

MAY 3, 2023

“Depending on the price range of the home, I tell my clients that they need to be ready to spend 9%–10% of the sale price on selling costs, including the real estate agent commission and closing costs,” says Joanne McCoy , a top-selling real estate agent in Lincoln, Nebraska. Subtotal (prep costs) $6,870 1.4%

Seller concession 111

Seller concession Purchase and sale agreement Inspection Title 111

Marco Santarelli

AUGUST 2, 2024

Current Market Statistics To illustrate the financial implications of these rising rates, consider the following data regarding home costs as of August 2024: Category Current Average Year-over-Year Change Average Fixed Mortgage Rate 7.07% +1.25% Median Home Price $426,900 +3.5%

Marketing 52

Marketing Seller concession Investor Principal 52

HomeLight

APRIL 30, 2022

It’s time for you to buy a house, and between the financial questions (how much will you need for closing costs? Investor portals. The site provides “investor-grade valuation” data to assess your home’s market worth and can connect you with real estate agents. what’s considered “overpaying” on a house?) Auction.com.

Closing 105

Closing MLS Pre-qualification Technology 105

Real Estate Finance HQ

SEPTEMBER 5, 2017

Residential Mortgages for Investors. The loans amortize over the fixed portion so the investor is not taking any interest rate risk. These mortgages are generally sold off in the secondary market, meaning mortgage brokers package these off and sell them to investors. Commercial Mortgages for Investors. Yes and no.

Mortgages 40

Mortgages Commercial Investor Residential 40

Redfin

JULY 14, 2023

There are several factors that make Birmingham a favorable place for property investors too, such as its affordable home values, passive income potential, and overall market stability over the last few years. As you make regular mortgage payments, a portion goes towards reducing the principal amount owed, effectively increasing your equity.

Equity 58

Equity Fixed-rate mortgage Closing costs Inspection 58

Marco Santarelli

JUNE 3, 2024

This report is closely watched by investors and financial institutions, as it can significantly influence the Federal Reserve's next move. For instance, a 30-year fixed-rate mortgage with a principal of $200,000 and an interest rate of 7% would result in a monthly payment of approximately $1,423.

Mortgages 52

Mortgages Loan Officer Fixed-rate mortgage Loans 52

HomeLight

NOVEMBER 3, 2022

Even as a FSBO seller, most likely, you’ll still be responsible for the buyer’s agent commission, which typically will cost 2%-3% of the home’s sale price, along with the usual closing costs and “ FSBO fees ” that an agent typically covers. Rate package overview: The basic package costs $195 for six months.

MLS 98

MLS Purchase and sale agreement Agents Sales 98

HomeLight

DECEMBER 8, 2022

Calculate your closing costs and your net proceeds. Marino, who serves as the Principal Broker. If you want to expedite the home-selling process, you can also seek a cash offer from a house-buying company , such as an iBuyer or a We Buy Houses investor group. Coordinate showings and open houses. Negotiate the sales price.

MLS 105

MLS Purchase and sale agreement Agents Sales 105

Marco Santarelli

MARCH 30, 2023

Whether you're a seasoned investor or just starting, learning how to navigate the changing interest rate environment can help you achieve your financial goals. When interest rates start to rise, it can be challenging for investors to determine where to put their money to work. Where to Invest When Interest Rates Rise? government.

Investor 40

Investor Loans Banks Mortgages 40

HomeLight

MARCH 6, 2023

But also, she’s hands-on, as a longtime investor herself. Get on that principal.” Because people think, “Real estate investor. Oh, I’m not an investor.” ” Everybody’s a real estate investor. Three times, she’s led her team to be named Team of the Year. Congratulations.

Agents 59

Agents Investor As-is Property Management 59

HomeLight

AUGUST 25, 2020

To help you navigate an earlier-than-expected home sale, we talked with a top real estate agent and some seasoned property investors to create this in-depth guide. Caleb Liu, a property investor with House Simply Sold , explains that there are two types of home appreciation: Natural appreciation. Overlap costs (1% – 2%).

Principal 96

Principal Equity Title Seller concession 96

Toronto Realty Blog

FEBRUARY 24, 2022

5% down, rental guarantees, property management and no closing costs (whereas here new pre-con closings costs are like 8% of purchase price). . Secondly, as my client noted, the closing costs in Toronto can be upwards of 8% of the purchase price. So what would we call it? Voila, 10 bagger!

Closing costs 142

Closing costs Development Land Investor 142

HomeLight

JULY 25, 2022

Here are some of the common concerns you may face: Cost of mortgage interest: At the beginning of your loan, a bigger percentage of your mortgage payment goes toward interest. Closing costs that add up: You paid these when you closed on this home, but you’ll probably have to pay them again if you sell it and buy another home.

Closing costs 110

Closing costs Short sale Equity Sales 110

Marco Santarelli

FEBRUARY 21, 2022

Investors dealing in real estate get the maximum tax benefits in the name of deductions, which we'll discuss in detail. Deductions that are accounted for can be depreciation, property tax, repairs, or any other form of expenses. The average home in the United States costs around 220,000 dollars. Depreciation. What is Depreciation?

Investor 111

Investor Residential Property Management As-is 111

HomeLight

JUNE 30, 2021

“You can walk in without [taking] any money out of your pocket,” says Richard Helali, mortgage sales leader at HomeLight Home Loans (though note that you may be responsible for some closing costs, depending on your situation). A low interest rate means you’ll pay less interest on your principal over the life of the loan.

VA loan 94

VA loan FHA loan Mortgages Closing costs 94

Toronto Realty Blog

AUGUST 23, 2021

A Conservative government would also bar foreign investors who are not living or moving to Canada from buying a home for at least the next two years. We’ll also give people a hand with closing costs by doubling the Home Buyer’s Tax Credit to $1,500.

Marketing 105

Marketing Purchase and sale agreement Mortgages Finance 105

The Close

DECEMBER 29, 2022

This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. If you want to work with real estate investor clients, read our own Sean Moudry’s simple, yet thorough run down: “ How to Explain 1031 Exchange Rules to Your Clients.” Closing costs.

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Purchase and sale agreement Title Pre-approval Proof of funds 98

HomeLight

JANUARY 13, 2021

“The main driver for this will be the continued outsized competition for the ‘middle of the bell curve’ housing stock that is attractive to all kinds of market segments,” including regular buyers as well as investors. She expects median price growth of somewhere between 4% and 6% in 2021. And the biggest piece of bad news?

Marketing 105

Marketing Purchase and sale agreement Construction Equity 105

Marco Santarelli

MARCH 21, 2025

Whether refinancing makes financial sense depends on individual circumstances, such as the difference between your current interest rate and the available refinance rates, as well as the associated closing costs. These are the bundles of mortgages that investors buy, and their demand directly affects mortgage rates.

Mortgages 52

Mortgages Principal Loans Investor 52

Marco Santarelli

MARCH 21, 2025

Whether refinancing makes financial sense depends on individual circumstances, such as the difference between your current interest rate and the available refinance rates, as well as the associated closing costs. These are the bundles of mortgages that investors buy, and their demand directly affects mortgage rates.

Mortgages 52

Mortgages Principal Loans Investor 52

Marco Santarelli

FEBRUARY 8, 2025

Such economic indicators have driven investors to reassess their expectations for future rate cuts by the Federal Reserve. Changes to this rate can affect lenders costs, which they then pass on to consumers. Market Demand: Investor demand for mortgage-backed securities affects rates.

Mortgages 69

Mortgages Debt-to-income ratio Lending Principal 69

Marco Santarelli

JANUARY 29, 2025

The Fed's stance on interest rates sends signals to investors that can impact demand for mortgage-backed securities, subsequently affecting mortgage rates. Heres a simplified amortization to illustrate how payments transition over time: In the first month: Approximately $1,625 goes toward interest, and only $271 pays off the principal.

Mortgages 96

Mortgages Principal Closing costs Finance 96

Marco Santarelli

APRIL 11, 2025

When investors expect the economy to grow, yields rise, which often leads mortgage rates to increase. When considering refinancing, borrowers should also take into account closing costs, the length of time they plan to stay in their current home, and the potential for increased monthly payments if they choose a loan with a shorter term.

Mortgages 96

Mortgages Loans Fixed-rate mortgage Principal 96