Remove Closing costs Remove Pre-approval Remove VA loan
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Understanding the Closing Costs Associated With a New Home Purchase

RIS Media

It has become common practice in some markets to ask the seller to pay some or all of the closing costs when you purchase a home. Some simple rules to remember on the different kinds of loans: – On VA loans, you can ask the seller to pay everything, meaning the buyer is making no down payment and paying no closing costs.

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Answering Your Top Questions About Home Affordability Calculators

HomeLight

It’s tough to say without a mortgage approval, but it always helps to start with a home affordability calculator. You may be wondering how affordability calculators work if you’re ready to get some numbers down on paper before showing up for a pre-qualification meeting with a lender. How much can I afford with a VA loan?

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Short Sale Mortgage Loans: What Borrowers Need To Know

HomeLight

“You have to wait for the current owner’s bank to approve the short sale,” says Jessica Sanchez, Director of Underwriting and Loan Management at HomeLight. On average, you can expect a short sale to take between 60 to 90 days before you get the bank’s approval on your offer. Conditions.

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How Much Is Enough for a Down Payment?

Realtor.com

. “The best advice that I could give is to get a couple of recommendations for loan officers in your area,” says Nathan Perkins Jr. , “Then ask each of them how much down payment you’ll need for pre-approval for a mortgage.” The USDA loan program also has other perks.

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How the Financing Contingency Works: Why Buyers Should Think Twice Before Waiving It

Redfin

Even if youve been pre-approved , things like a low appraisal, a job loss, or changes in your credit can derail the loan process. This contingency gives you a legal out if something unexpected prevents you from closing. Unusual homes can cause appraisal challenges that impact loan approval.

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Buying Your First House: Tips For Buyers

RIS Media

Closing Costs. Many of these will need to be paid at closing. Sometimes sellers are willing to help with closing costs to make things easier for the buyer. The costs don’t end once you’ve bought the home; you still need to pay to move in. There are numerous benefits to FHA loans.

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Today’s Mortgage Rates March 20, 2025: Rates Rise Marginally This Week

Marco Santarelli

VA Loans – A Benefit for Veterans: Backed by the Department of Veterans Affairs, VA loans offer significant advantages to eligible veterans, active-duty service members, and surviving spouses. These loans often come with no down payment requirements and competitive interest rates.