Remove Closing costs Remove Loan Officer Remove Real-estate owned
article thumbnail

What Is a HUD Home? Are the Savings Worth the Risks?

HomeLight

Collinge also suggests taking a hard look at the house and making a list of what you believe needs work to bid accordingly — and don’t be afraid to request that HUD cover some closing costs to make up the difference. To discuss financing options further, HUD invites all to chat with their Office of Housing Counseling Agency.

article thumbnail

131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

Clients might be interested in an ARM because it allows borrowers to take advantage of interest rate decreases without having to go through a whole refinance process and pay additional closing costs. Closing costs. Clients will need an exact accounting of the total amount owed in closing costs.